RH stock soared 20% premarket Friday after the company reported a surprise profit and maintained its full-year outlook.
The home furnisher reported earnings of $0.13 per share, compared to analyst estimates for a $0.09 loss. Revenue came in at $814 million, slightly below LSEG-compiled estimates for $818 million.
RH has had a rough start to its 2025 fiscal year. The stock is down 55% year to date as the company battled tariffs, market volatility, and a weaker housing market.
On the company’s earnings call, RH CEO Gary Friedman outlined some of the company’s struggles, particularly with its supply chain in the wake of “Liberation Day” tariffs.
“Everywhere got rocked from the reciprocal tariff announcements,” Friedman said. “When the market went down, our business went down.”
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