Angelica Ballesteros
2 min read
In This Article:
We recently published a list of LOOK: These 10 Stocks Just Stole The Show. 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.
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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.
