Overview
- RH swung to an $8.04 million net profit, or 40 cents per share, in the fiscal first quarter after a $3.63 million loss a year earlier.
- Quarterly sales rose 12% to $814 million, roughly matching RH’s guidance despite falling short of analyst forecasts.
- CEO Gary Friedman said Chinese-sourced receipts will drop from 16% to about 2% by end-of-year as production shifts to the U.S. and Italy.
- RH’s stock climbed more than 15% in after-hours trading on the back of the upbeat earnings and reinforced sales outlook.
- The company delayed its new gallery concept launch to spring 2026 and will open its Paris location in September ahead of London and Milan expansions next year.