RH (RH) Bullish Outlook, Impressive Earnings Spark 7% Rally
We recently published a list of . In this article, we are going to take a look at where RH (NYSE:RH) stands against other best-performing stocks of Friday.
RH snapped a two-day losing streak on Friday, adding 6.93 percent to close at $189.12 apiece as investors cheered its bullish outlook and impressive earnings performance during the past quarter.
In its financial statement, RH (NYSE:RH) said that it swung to a net income of $8.039 million in the first quarter ending May 2025, from a $3.625 million net loss in the same period last year. Net revenues grew by 12 percent to $813.95 million from $726.96 million year-on-year.
A customer happily browsing aisles of high-end furniture in a large showroom.
Given the promising results, RH (NYSE:RH) said that it was maintaining its current guidance for fiscal 2025, 'assuming the existing tariffs remain unchanged.'
RH (NYSE:RH) expects revenues to grow by 10 to 13 percent for the full fiscal year of 2025, and between 8 and 10 percent for the second quarter alone.
Formerly Restoration Hardware, RH (NYSE:RH) is engaged in luxury furniture retailing. It sources a significant chunk of its products from overseas, including China and other Asian countries.
While we acknowledge the potential of RH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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