Stock market today: S&P 500 ekes out gain as Trump says open to deals on tariffs
Shares of furniture retailer RH (NYSE:RH) jumped over 18% in premarket trading Friday after the company reported an unexpected profit for its first quarter.
The luxury home furnishings retailer posted earnings of 13 cents per share, defying analyst expectations of a 9 cents per share loss, according to data compiled by LSEG.
RH’s quarterly revenue came in at $814 million, slightly below market expectations of $818.1 million.
Despite the revenue miss, investors appeared to focus on the profit surprise that demonstrated the company’s ability to maintain profitability in a challenging retail environment.
The company maintained its full-year fiscal 2025 forecast, suggesting management confidence in its business outlook despite ongoing economic uncertainties.
RH did not revise its revenue or earnings projections for the remainder of the fiscal year.
RH announced it would delay the launch of a new concept to spring of fiscal year 2026, pushed back from the second half of fiscal 2025.
The company cited tariff uncertainty as the primary reason for postponing the initiative, indicating caution about potential cost implications.
The stock’s premarket surge reflected investor optimism about RH’s ability to deliver profits despite revenue challenges.
The company, known for its high-end furniture and home goods, has been navigating a complex retail landscape affected by shifting consumer spending patterns and supply chain considerations.
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