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3w ago

RH Shares Rally on Surprise Q1 Profit

After exceeding profit forecasts, RH plans to counter U.S. tariffs by shifting sourcing from China to U.S. facilities, Italian plants.

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Overview

  • Shares of RH jumped more than 15% in extended trading Thursday and climbed as much as 18% in premarket Friday following the earnings report.
  • The company reported adjusted first-quarter earnings per share of $0.13, turning a prior-year loss into profit and surpassing analyst expectations.
  • First-quarter revenue rose 12% year-over-year to $814 million, slightly below consensus estimates of $818 million.
  • RH maintained its full-year 2025 revenue growth forecast of 10% to 13% despite a housing market described by CEO Gary Friedman as the toughest in nearly 50 years.
  • To offset tariff pressures, RH is redirecting production out of China into U.S. and Italian facilities and delaying a new concept launch until spring 2026.