In April, when President Donald Trump announced his vast new "liberation day" tariffs, investors liberated shares of luxury-furniture chain RH from their portfolios.

But on Thursday, they went on a buying spree, sending the stock $(RH)$ up some 19% after hours, after the retailer reported a surprise adjusted profit during the first quarter, kept its full-year outlook and said it was moving more furniture production out of China.

"While we expect a higher-risk business environment this year due to the uncertainty caused by tariffs, market volatility, inflation risk and an increasing level of global discord, we believe it's important to separate the signal from the noise," Chief Executive Gary Friedman said in a letter to shareholders.

He said that the chain had been operating in the worst housing market in nearly 50 years, noting that fewer existing homes were sold last year than in 1978, when the U.S. population was smaller.

"Despite that fact, we are performing at a level most would expect in a robust housing market," he said.

The housing market plays a big influence on furniture sales, as people buy homes or renovate the ones where they already live. High home prices and elevated interest rates have kept out many buyers over the past few years. And heading into RH's results, UBS analysts cited a "less robust luxury housing market over the past few months" and "less than strong" liquidity at RH.

RH reported adjusted earnings per share of 13 cents, compared with FactSet forecasts for a loss of 9 cents. Sales rose 12% year over year to $814 million. Wall Street expected $819 million.

RH stuck with its full-year outlook, which rests on the assumption that the existing tariffs the U.S. has in place on other nations won't change. The company forecast sales growth of 8% to 10% for the second quarter.

However, Friedman said the company was delaying the launch of a new concept, set for the second half of this year, to next spring, when there might be "more certainty regarding tariffs."

The company has been trying to overhaul its furniture collection and open more stores, which are known for their palatial atmosphere. Over the years, the company has relied heavily on China for furniture manufacturing. But Friedman on Thursday said that was changing.

"We have continued to shift sourcing out of China and expect receipts to decrease from 16% in Q1 to 2% in Q4, with a meaningful portion of the tariff absorbed by our vendor partners," he said.

He also said the company expects 52% of its upholstered furniture will be made in the U.S. and 21% will be produced in Italy by the end of fiscal 2025.

Shares of RH are still down 36.2% over the past 12 months, as of Thursday's close.