From CNBC: 2025-06-12 17:37:00

Shares of RH surged over 15% in after-hours trading as the luxury furniture retailer maintained its sales outlook and shared plans to combat rising tariffs. The company anticipates full-year revenue growth of 10% to 13%. In the first quarter, RH reported adjusted earnings of 13 cents per share, surpassing expectations, and revenue of $814 million.

RH, facing challenges from a slow housing market and increased tariffs, saw stock drop by 40% in April following poor performance and tariff announcements by President Trump. CEO Gary Friedman outlined strategies to mitigate tariff impact, including shifting production out of China. RH plans to delay a new concept launch due to tariff uncertainty.

Friedman disclosed on an earnings call that RH aims to have 52% of upholstered furniture made in the U.S. and 21% in Italy by year-end. The company is proceeding with store openings globally, including a Paris location on Champs Élysées in September. RH shares have declined by 55% this year, contrasting with the S&P 500’s 3% increase.



Read more at CNBC:: RH (RH) Q1 2025 earnings