RH Reports Tariff, Weather Impacts in 4Q, Projects 1Q Revenue Decline

Dow Jones
Apr 01

By Elias Schisgall

 

RH said its revenue was impacted by tariffs and adverse winter weather in the fiscal fourth quarter, and projected revenue to decline in the current first quarter.

The home-furnishings company on Tuesday recorded a profit of $28.8 million, or $1.46 a share, for the quarter ended Jan. 31, compared with a profit of $13.9 million, or 69 cents a share, a year earlier.

On an adjusted basis, the company recorded earnings of $1.53 a share, short of the $2.20 expected by analysts polled by FactSet.

Revenue rose to $842.6 million, up from $812.4 million a year prior. Analysts were expecting $873.2 million in revenue.

The company said revenue was negatively impacted by about $30 million due to tariff-related resourcing. Revenue took another roughly $10 million hit due to adverse weather at the end of the quarter, the company said.

For the current first quarter, the company expects revenue to fall between 2% and 4%. Analysts were expecting revenue to climb to $876.7 million.

RH is projecting full-year revenue growth of between 4% and 8% in fiscal 2026, with adjusted free cash flow between $300 million and $400 million.

Shares fell 19% to $112 in after-hours trading on Tuesday. The stock closed up 5.9% at $139.82, down 40% over the past year.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

March 31, 2026 16:41 ET (20:41 GMT)

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