Latest news with #RH
Yahoo
5 days ago
- Business
- Yahoo
RH Opens Second Design Gallery in Canada
MILAN — RH chief executive officer Gary Friedman admitted in June that his business was 'rocked' by reciprocal tariffs, but that's not stopping him from expanding in Canada. On a mission to create the most immersive, physical experience in design, RH has opened its second design gallery in Canada and first design gallery location in the province of Quebec, the firm said Thursday. RH Montreal, The Gallery at Royalmount is located on Quebec's centrally located Chemin de la Côte-de-Liesse. The three-story structure spans more than 49,000 square feet and brings together RH Interiors, its Modern and Outdoor collections, RH's Interior design office, along with art and antiques, all under one roof. It also houses a dramatic glass encased rooftop restaurant, which opens into a landscaped garden. More from WWD Brown Thomas Supports Homegrown Talent Robyn Lynch With Exclusive Capsule Bal Harbour Shops' Roving Mini Mall on the Road Again Boots to Open Stand-alone Fragrance Store Opening the Montreal design gallery is key to Friedman's plan to expand the RH brand globally. His strategy has been focused on opening immersive, convivial spaces that engage with markets on a local level and that keep consumers coming back. During a conference call with analysts in June, he contended this local-centric strategy represents a 'multibillion-dollar opportunity.' In the second half of the year, RH will open design galleries in strategic locations. The Paris opening will take place in September during the Maison&Objet design trade show. Other locations are planned for Detroit; Manhasset in Long Island, New York; San Diegom, and Palm Desert, as well as London and Milan in 2026. Despite a challenging housing market, the worst in 50 years, RH forecasted revenue growth of 10 to 13 percent in fiscal 2025, an adjusted operating margin of 14 to 15 percent and an adjusted earnings before interest, taxes, depreciation and amortization margin of 20 to 21 percent. RH shares are still recovering from the near five-year low they hit after the 'Liberation Day' duties announced by U.S. President Donald Trump on April 2. Since then, the firm has shifted sourcing out of China and rerouted a significant portion of its upholstered furniture to its own North Carolina factory, the firm said. Tensions remain high between the U.S. and Canada. The North American nation has less than a week to reach a trade deal with Trump following his threat to impose 35 percent tariffs on Canadian exports starting Aug. 31. According to Italy's Pambianco Consulting division, RH is the second largest maker of high-end furniture, by sales, in the world. It posted $3.03 billion in sales in 2024. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
RH Stock Climbs 19% in Past Month: Buy the Surge or Pull Back?
RH RH stock jumped 18.5% in the past month, outperforming the Hoya Capital Housing ETF (HOMZ) index, as evidenced by the chart below. HOMZ is an exchange-traded fund that offers a diversified glimpse of the U.S. residential housing industry through 100 companies across homebuilding, rental operators, home improvement, furnishings, mortgage services and real estate tech, to name a few. Image Source: Zacks Investment Research This luxury retailer in the home furnishing space seems to be gaining from all the investments it is undertaking across its brand portfolio amid the guarded improvements in the Furniture & Home Furnishing business space. Moreover, the global expansion efforts and supply-chain optimization are adding to its uptrend, creating room for prospective business scale and margin to the external and internal tailwinds, RH outshone a few of its market competitors, including Williams-Sonoma, Inc. WSM, Arhaus, Inc. ARHS and The Lovesac Company LOVE. In the past month, the share price performance of Williams-Sonoma, Arhaus and Lovesac Company indicates 16.3%, 12% and 5.1% growth, even if the industry tailwinds are moving in favor of RH, it is not immune to the housing market uncertainties and tariff-related risks lingering across the United States. Understanding the Factors Favoring RH Favorable Market Trends: RH specializes in the luxury home furnishing space and the recent industry-wide improvements witnessed in the Furniture & Home Furnishing business magnify the optimism surrounding its near and long-term growth visibility. Per the recent report by the U.S. Census Bureau on July 17, 2025, sales in the Furniture & Home Furnishing business in June 2025 grew 4.5% year over year, marking the growth prospects in the upcoming this trend ongoing, RH remains well-positioned to meet its fiscal 2025 revenue guidance, which is expected to grow year over year between 10% and 13%.Global Expansion Efforts: With the domestic market facing turbulence, RH is strategically cashing out the international market. It is witnessing robust demand trends in the international market, especially Europe, wherein demand grew 60% across RH Munich and RH Dusseldorf in the first quarter of fiscal 2025. Besides, demand acceleration in the noncomparable galleries, RH Brussels and RH Madrid, has boosted its confidence in strategizing further expansion in the European RH is optimistic about its opening in Paris, with the gallery on the Champs Élysées, which is expected to open in September 2025, alongside another two openings in London and Milan in 2026. Buoyed by these trends, the company expects to continue making meaningful investments to support international expansion moving forward. Notably, in the upcoming years, RH expects to open RH Sydney, The Gallery in Double Bay, in Strategies: With the ongoing tariff-related risks in the market, RH is positioning itself to weather the storm when it arrives. The company recently highlighted that it is currently focusing on shifting its sourcing out of China with the expectation of receipts reducing from 16% in the first quarter of fiscal 2025 to 2% in the fourth quarter of the same year. Besides, it has successfully resourced a significant portion of its upholstered furniture to its North Carolina factory. By the end of 2025, it projects 52% of its upholstered furniture to be produced in the United States and 21% in Italy. RH's Valuation Trend RH stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 17.55X. This is compared with the forward 12-month P/E ratios of 20.98X, 21.61X and 17.61X at which Williams-Sonoma, Arhaus and Lovesac Company are currently trading. The discounted valuation of the stock, compared with two of the other market players, looks promising for investors. Earnings Estimate Revision of RH RH's earnings estimates for fiscal 2025 and 2026 have trended downward in the past 60 days to $10.76 and $14.61 per share, respectively. However, the revised estimates indicate year-over-year growth of 99.6% and 35.8%, respectively. Image Source: Zacks Investment Research The current uncertainties in the housing market and global unrest have induced bearish sentiments among analysts. However, the favorable year-over-year comparisons indicate that, despite the external risks, RH will be able to capitalize on its in-house business strategies and ensure incremental prospects. What's Threatening RH's Growth? Housing Market Softness: The housing market directly influences the revenue visibility and profitability of RH, given its business type. With the current housing market softness in the United States, the benefits from the domestic market seem depressed for the company. As homebuyers are navigating through affordability concerns due to a still-high mortgage rate scenario, new home sales remain suppressed, with renovation activities being on the dimmer side due to the inflationary Concerns: The ambiguity surrounding the new tariff regime and the prospective challenges to be faced once fully implemented concern RH. During the earnings call of the first quarter of fiscal 2025, the company highlighted the adverse impacts it faced due to the significant and unexpected Liberation Day tariffs announced on April 2, 2025. It believes that this sudden surge is likely to hurt its second quarter of fiscal 2025 revenues by six percentage points, accompanied by ripple effects into order fulfillment and shipping. Does RH Look Like a Smart Bet? As discussed above, RH is undergoing strategic efforts to weather the market uncertainties in the form of tariff-related risks, inflationary pressures and housing market softness. Given the nature of its business, RH is grappling with the current softness in the U.S. housing the recent growth trends witnessed in the Furniture & Home Furnishing business space are encouraging for RH's upcoming prospects. Moreover, its in-house efforts in international expansion, supply-chain optimization and portfolio enhancements are expected to partially offset the negative impacts in the near term. In the long term, these tailwinds are expected to boost RH's revenue visibility and expand margins, once they reach full taking any decisions regarding RH stock, investors must weigh both sides of the market currently. Thus, based on the discussion, it is prudent for existing investors to retain this Zacks Rank #3 (Hold) company's shares for now, whereas new investors might want to wait for a more favorable entry can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report RH (RH) : Free Stock Analysis Report The Lovesac Company (LOVE) : Free Stock Analysis Report Arhaus, Inc. (ARHS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
National Post
6 days ago
- Business
- National Post
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
Article content RH Unveils a 49,000-Square-Foot Design Gallery in Montreal Featuring a Rooftop Restaurant & Park, RH Interior Design and Artistic Installations of RH Interiors, Modern and Outdoor Collections Article content CORTE MADERA, Calif. — RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. Article content Article content RH Chairman & Chief Executive Officer Gary Friedman Article content commented, 'We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up.' Article content Mr. Friedman continued, 'The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination.' Article content Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Article content Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Article content Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Article content Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Article content Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. Article content RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. Article content For more, visit Article content ABOUT RH Article content This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. Article content Article content Article content Article content
Yahoo
6 days ago
- Business
- Yahoo
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
RH Unveils a 49,000-Square-Foot Design Gallery in Montreal Featuring a Rooftop Restaurant & Park, RH Interior Design and Artistic Installations of RH Interiors, Modern and Outdoor Collections CORTE MADERA, Calif., July 24, 2025--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. RH Chairman & Chief Executive Officer Gary Friedman commented, "We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up." Mr. Friedman continued, "The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination." Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. For more, visit ABOUT RH RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The company offers collections through its retail galleries, sourcebooks and online at and FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. View source version on Contacts PRESS CONTACT: TruthGroup@ INVESTOR RELATIONS CONTACT: InvestorRelations@
Business Wire
6 days ago
- Business
- Business Wire
RH ANNOUNCES THE OPENING OF RH MONTREAL, THE GALLERY AT ROYALMOUNT
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Montreal, The Gallery at Royalmount, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Modern and Outdoor with rare art, antiques and artifacts from across the globe. The brand's first-ever Design Gallery in Québec features a dramatic glass-encased Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. RH Chairman & Chief Executive Officer Gary Friedman commented, 'We believe great architecture amplifies and renders our product and brand more valuable. We either find great historical architecture and readapt it, or we build it. RH Montreal is an entirely new design, built from the ground up.' Mr. Friedman continued, 'The Gallery reflects our quest to continue revolutionizing physical retailing, blurring the lines between residential and retail, indoors and outdoors, home and hospitality. We are proud to introduce this innovative concept to Montreal and to contribute to the vision of Royalmount as a vibrant new destination.' Conceptualized as a transparent, multi-level structure, the Gallery features an artisanal brick facade in a custom parchment-cream palette, a contemporary new concept for the brand. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors that lead to lush garden courtyards and terraces surrounded by a progression of littleleaf boxwoods. As night falls, the Gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double floating staircase to the third level, guests will arrive at the Rooftop Restaurant where they will encounter a striking open focal kitchen clad in natural Taj Mahal stone, flanked by a pair of cascading water walls. Set within a year-round, skylit garden escape, the restaurant offers a thoughtfully curated menu of enduring classics and fresh seafood dishes, all beneath a dramatic atrium with sparkling chandeliers, heritage olive trees and a cascading center fountain. Seamlessly extending from indoors to out, the restaurant opens onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination encompasses a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies, sculptural evergreens and French limestone fire tables. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including private client presentation rooms with state-of-the-art technology, design libraries showcasing a wide assortment of textiles, furniture and lighting finishes and an RH Rugs showroom presenting an exclusive collection. Commanding the center of the ground level will be the Great Room with its soaring floor-to-ceiling columns. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections by internationally acclaimed designers that integrate the brand's furnishings, lighting and décor. RH Montreal, The Gallery at Royalmount is located at 5080 Chemin de la Côte-de-Liesse. Gallery hours of operation are Monday through Wednesday 10am to 8pm; Thursday and Friday 10am to 9pm; Saturday 10am to 5pm; Sunday 10am to 5pm. The Rooftop Restaurant hours of operation are Monday through Wednesday 11:30am to 2:30pm and 5pm to 8pm; Thursday and Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 10pm; Sunday 10am to 8pm. For more, visit ABOUT RH RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The company offers collections through its retail galleries, sourcebooks and online at and FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
