RH Reports Q2 Adjusted EPS of $2.70, Shares Rise 7.9% in Premarket
Luxury home furnishings company RH (NYSE:RH) reported fiscal second-quarter adjusted earnings per share of $2.70 and revenue of $922.2 million, both exceeding analyst expectations. The results surpassed Wall Street estimates for EPS between $0.39 to $0.46 and beat the firm's own guidance for year-on-year growth. RH also recognized a $55.1 million tariff refund benefit during the quarter. RH narrowed its full-year revenue outlook to between $3.63 billion and $3.68 billion, with CEO Gary Friedman noting strong demand from new customers for the recently launched RH Estates collection. Telsey Advisory Group raised its price target for RH shares to $155 while maintaining a Market Perform rating. RH's stock rose 7.9% in premarket trading following a recent decline of about 22%. The broader U.S. equity markets were also up, with investors awaiting the August CPI report ahead of potential Federal Reserve policy decisions.
Tickers: $RH
Topics: Earnings Guidance Update Revenue Growth Stock Performance