Movement Alert|RH Rises 8.01% in Regular Trading, Q1 Earnings Beat Expectations as Analysts Raise Forecasts

Market Focus06-19

On June 19, RH rose 8.01% in regular trading, trading at $146.535/share, with turnover of approximately $60.15 million.

On the news front, RH previously reported Q1 adjusted loss per share of $1.97, better than the consensus estimate of a $2.11 loss, representing a 6.64% beat. Revenue came in at $800.3 million, exceeding the FactSet estimate of $792.6 million. The company simultaneously raised its full-year sales guidance, prompting multiple analysts to lift earnings forecasts while maintaining positive ratings.

RH noted that Q1 net revenue was negatively impacted by approximately $45 million due to backlog and special order balances running about $75 million above year-ago levels. The company expects these balances to normalize by year-end, potentially unlocking roughly $75 million in incremental revenue.

Within the Homefurnishing Retail sector, peers showed broad strength: Wayfair up 8.87%, Bed Bath & Beyond up 6.27%, Bob's Discount Furniture up 4.19%, Williams-Sonoma up 2.81%, while Sleep Number Corporation fell 39.74%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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