RH Estates Could Double Addressable Market as Q2 Profit Beats, Guidance Raised
RH sits 34% above its 52-week low of $106.304 on elevated volume (2.5× avg).
Summary
RH's Q2 profit rose to $60.2M ($3.06/share) from $51.7M a year earlier, with adjusted EPS of $2.70 crushing the $0.38 consensus. Revenue of $922.2M beat the $915.1M estimate. The company raised full-year revenue growth guidance to 5.5-7%, driven by the new RH Estates brand, which management says could double the total addressable market. Q3 guidance of 5-6% growth includes 2pp from RH Estates, and Q4 guidance of 16-21% includes 8pp from the brand. A $55.1M tariff refund boosted Q2, with another $13.9M expected in H2. Shares rose 7.4% after hours to $143.92.
At the time of this announcement, RH was trading at $142.51 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $106.30 to $248.44. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.