Latest news with #GaryFriedman
Yahoo
19 hours ago
- Business
- Yahoo
RH (RH) Is Creating Worries About Its Balance Sheet, Says Jim Cramer
RH (NYSE:RH) is one of the . RH (NYSE:RH) is a home-building supplies company whose shares have struggled in 2025 due to a sluggish housing market stemming from high interest rates. The shares have lost close to 53% year-to-date, fueled particularly by a devastating 40% drop in April after a weak earnings report coupled with bearish market sentiment after the Liberation Day Tariffs pummeled the stock. In his previous comments about the firm, Cramer pointed out that investors are worried by RH (NYSE:RH)'s balance sheet and expressed mixed viewpoints about CEO Gary Friedman's ability to turn around the firm's affairs. This time around, he commented on the stock in the context of general weakness in the housing market: 'Yeah that was brutal. Look. If you listen to Gary Friedman from RH, he would tell you that this is a horrible, horrible market. Now if you look at RH, I mean, that veiled sell was about the balance sheet I think. Now RH is down 50%, this is no boom. Remember, it's certain, I'm saying, housing, that's not great.' A customer happily browsing aisles of high-end furniture in a large showroom. Discussing RH (NYSE:RH)'s balance sheet, here's what Cramer said earlier: '[On interest costs coming down] And that's why Gary Friedman's company is going to make it.' 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. 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
Associated Press
a day ago
- Business
- Associated Press
RH ANNOUNCES THE OPENING OF RH OKLAHOMA CITY, THE GALLERY AT OAK
CORTE MADERA, Calif.--(BUSINESS WIRE)--Jun 27, 2025-- RH (NYSE: RH) announced today the opening of RH Oklahoma City, The Gallery at OAK, 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. Reflecting the brand's continued commitment to hospitality, RH Oklahoma City debuts the Rooftop Restaurant offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. Situated in the city's most dynamic retail destination, the debut location marks a bold new chapter for the leading luxury home furnishings brand in the world. This press release features multimedia. View the full release here: RH OKLAHOMA CITY, THE GALLERY AT OAK RH Chairman & Chief Executive Officer Gary Friedman commented, 'RH Oklahoma City reflects our commitment to creating architecturally inspiring and immersive spaces that blur the lines between residential and retail, indoors and outdoors, home and hospitality. Spaces that engage all of our senses, and spaces that cannot be replicated online.' Mr. Friedman continued, 'Our hope is that RH Oklahoma City, The Gallery at OAK, becomes a destination that inspires the community to dream, dine, be inspired and design.' Unveiling a new contemporary concept for RH, the Gallery introduces the brand's first-of-its-kind artisanal brick facade in a custom parchment-cream palette. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors. As night falls, the transparent, multi-level gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double staircase to the third level, guests will arrive at the Rooftop Restaurant where they will discover 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 central fountain. Seamlessly extending from indoors to out, the restaurant will open onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination will encompass a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies and littleleaf boxwoods. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including a private presentation room 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. On the main level, visitors will pass through a 27-foot threshold into the Gallery's Great Room with its soaring floor-to-ceiling columns and natural light emanating from a monumental skylight three floors above. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections seamlessly integrated with one-of-a-kind antiques and artifacts from Friedman's world travels. RH Oklahoma City, The Gallery at OAK is located at 2110 Northwest Expressway. The Gallery can be reached at 405.445.3744. Gallery hours of operation are Monday through Thursday 10am to 8pm; Friday and Saturday 10am to 9pm; Sunday 10am to 8pm. The Rooftop Restaurant hours of operation are Monday through Thursday 11:30am to 2:30pm and 5pm to 8pm; Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 9pm; 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 Oklahoma City presenting one of the largest collections of luxury home furnishings in the world; RH Oklahoma City being an innovative retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; RH Oklahoma City being situated in the city's most dynamic retail destination; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; the main level featuring rooms presenting artistic installations seamlessly integrated with one-of-a-kind antiques and artifacts from Friedman's world travels; 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 CONTACT: PRESS CONTACT:[email protected] INVESTOR RELATIONS CONTACT:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA OKLAHOMA INDUSTRY KEYWORD: HOME GOODS CONSTRUCTION & PROPERTY RESTAURANT/BAR LIFESTYLE CONSUMER LUXURY INTERIOR DESIGN RETAIL SOURCE: RH Copyright Business Wire 2025. PUB: 06/27/2025 10:39 AM/DISC: 06/27/2025 10:39 AM
Business Wire
a day ago
- Business
- Business Wire
RH ANNOUNCES THE OPENING OF RH OKLAHOMA CITY, THE GALLERY AT OAK
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Oklahoma City, The Gallery at OAK, 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. Reflecting the brand's continued commitment to hospitality, RH Oklahoma City debuts the Rooftop Restaurant offering a thoughtfully curated menu of enduring classics with the freshest ingredients, simply and elegantly prepared. Situated in the city's most dynamic retail destination, the debut location marks a bold new chapter for the leading luxury home furnishings brand in the world. RH Chairman & Chief Executive Officer Gary Friedman commented, 'RH Oklahoma City reflects our commitment to creating architecturally inspiring and immersive spaces that blur the lines between residential and retail, indoors and outdoors, home and hospitality. Spaces that engage all of our senses, and spaces that cannot be replicated online.' Mr. Friedman continued, 'Our hope is that RH Oklahoma City, The Gallery at OAK, becomes a destination that inspires the community to dream, dine, be inspired and design.' Unveiling a new contemporary concept for RH, the Gallery introduces the brand's first-of-its-kind artisanal brick facade in a custom parchment-cream palette. Crafted of hand-selected Italian bricks and finished with classic corbelling, the exterior is complemented by an expanse of glass-and-bronze doors. As night falls, the transparent, multi-level gallery is transformed through dramatic illumination, highlighting its architectural details and landscaping. Ascending the grand double staircase to the third level, guests will arrive at the Rooftop Restaurant where they will discover 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 central fountain. Seamlessly extending from indoors to out, the restaurant will open onto a beautifully landscaped Rooftop Park. Influenced by the great classical gardens of Europe, this immersive destination will encompass a series of intimate RH Outdoor lounge spaces defined by a layered composition of London plane trees, shade canopies and littleleaf boxwoods. Occupying the second level, the RH Interior Design Atelier offers clients an unprecedented level of professional design services, including a private presentation room 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. On the main level, visitors will pass through a 27-foot threshold into the Gallery's Great Room with its soaring floor-to-ceiling columns and natural light emanating from a monumental skylight three floors above. Along the periphery, barrel-vaulted passageways lead to a classical arrangement of rooms presenting artistic installations of RH Collections seamlessly integrated with one-of-a-kind antiques and artifacts from Friedman's world travels. RH Oklahoma City, The Gallery at OAK is located at 2110 Northwest Expressway. The Gallery can be reached at 405.445.3744. Gallery hours of operation are Monday through Thursday 10am to 8pm; Friday and Saturday 10am to 9pm; Sunday 10am to 8pm. The Rooftop Restaurant hours of operation are Monday through Thursday 11:30am to 2:30pm and 5pm to 8pm; Friday 11:30am to 2:30pm and 5pm to 9pm; Saturday 10am to 9pm; 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 Oklahoma City presenting one of the largest collections of luxury home furnishings in the world; RH Oklahoma City being an innovative retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; RH Oklahoma City being situated in the city's most dynamic retail destination; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; the main level featuring rooms presenting artistic installations seamlessly integrated with one-of-a-kind antiques and artifacts from Friedman's world travels; 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.
Yahoo
14-06-2025
- Business
- Yahoo
RH Continues to Mitigate Tariff Pressure; Says Revenues Will Take Short-term Hit in Q2
MILAN — RH shares are still recovering from the 'Liberation Day' duties announced by 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, RH chief executive officer Gary Friedman said Thursday, as the company released its first-quarter results. The Corte Madera, Calif.-based RH firm formerly known as Restoration Hardware posted a net profit of $8.04 million, or 43 cents a share in the three month fiscal period ended May 3. That compares to a loss of $3.63 million or 20 cents a share in the same period a year earlier. Shares rallied 19 percent in late trade on the news. In April, President Trump's trade policy announcement drove RH's shares to their lowest level in almost five years. More from WWD Vietnam's Ready For High Stakes US Trade Talks To Avoid Steep Tariffs Fritz Hansen's New Creative Director Ushers in Modern Era, Welcomes Michael Anastassiades to Lineup What a 55 Percent Tariff on Chinese Goods Could Mean for Footwear Firms Revenues fell slightly short of analyst expectations, as well as the revenue target RH issued in April. Sales rose 12 percent to $814 million in the fiscal three-month period ended May 3. This compares to RH's guidance of a 12.5 percent to 13.5 percent rise. A Factset poll of analysts forecasted sales of $818.6 million. In the same period, RH posted an operating margin of 6.9 percent and adjusted earnings before interest, taxes, depreciation and amortization or EBITDA margin of 13.1 percent. 'While there remains uncertainty until the reciprocal tariff negotiations are complete, we have proven we are well positioned to compete favorably in any market conditions,' Friedman continued, adding that the firm sees disruption negatively impacting its revenues by approximately 6 points in the second quarter and will recover in the second half. Friedman said the company is sticking to its full-year fiscal guidance. Offsetting Market Headwinds 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 EBITDA margin of 20 to 21 percent. Friedman also said the company is working on a long-term sourcing strategy to diversify production. In fiscal 2024, the company sought to offset macro headwinds by investing $2.2 billion into stock repurchases and expanding its portfolio with real estate assets totaling an estimated equity value of approximately $500 million. 'We plan to monetize opportunistically as market conditions warrant,' he said. With regard to excess inventory worth $200 to $300 million, the company plans to turn it into cash over the next 12 to 18 months. Taking Market Share, Amid Downturn During the first-quarter earnings conference call, Friedman was enthusiastic about upcoming openings in London, Milan and Paris. RH Paris will open in September, during the Maison&Objet trade show. Located on Champs Élysées, it will be RH's most 'elegant and inspiring Gallery yet.' RH has built a freestanding RH Interior Design Studio and will open Le Jardin RH restaurant that will serve up American classics. Its rooftop is privy to views of the Eiffel Tower and Grand Palais. London and Milan will open in 2026. The Galleries are a winning concept, he added, and European revenues continue to rise. RH England, The Gallery at Aynho Park — a 73-acre, 17th-century estate opened in 2023, is testament to that success, he said, noting that it generated $46 million in total demand in its second full year. This bodes well for all new Galleries, including the upcoming London Gallery in Mayfair. 'If an RH Gallery in the English countryside, with an estimated population of 100,000 in a 10-mile radius two hours outside of London, can generate $46 million… what can an RH Gallery in the center of Mayfair, the most exclusive shopping district in London with a population of 9.7 million, do in its second full fiscal year?' RH's expansion strategy is focused on taking market share despite macro headwinds. Moving forward, RH will opening seven to nine new Galleries per year. On Thursday, China affirmed a trade deal announced by President Trump, marking a truce between the world's two largest economies. The U.S. will impose 55 percent duties on Chinese goods, while China will impose 10 percent tariffs on all U.S. goods. 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
13-06-2025
- Business
- Yahoo
RH Q1 Earnings Call: Tariff Disruptions and Global Expansion Define Outlook
Luxury furniture retailer RH (NYSE:RH) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 12% year on year to $814 million. Next quarter's revenue guidance of $904.3 million underwhelmed, coming in 0.7% below analysts' estimates. Its non-GAAP profit of $0.13 per share was significantly above analysts' consensus estimates. Is now the time to buy RH? Find out in our full research report (it's free). Revenue: $814 million vs analyst estimates of $819 million (12% year-on-year growth, 0.6% miss) Adjusted EPS: $0.13 vs analyst estimates of -$0.07 (significant beat) Adjusted EBITDA: $106.4 million vs analyst estimates of $104.4 million (13.1% margin, 2% beat) Revenue Guidance for Q2 CY2025 is $904.3 million at the midpoint, below analyst estimates of $910.9 million Operating Margin: 6.9%, in line with the same quarter last year Locations: 125 at quarter end, down from 126 in the same quarter last year Same-Store Sales rose 7.8% year on year (-3.7% in the same quarter last year) Market Capitalization: $3.31 billion RH's first quarter results reflected the impact of ongoing macroeconomic headwinds and management's continued focus on brand elevation and market share gains. CEO Gary Friedman highlighted that, despite operating in what he described as 'the worst housing market in almost fifty years,' RH delivered double-digit sales growth, driven by investments in new product collections, immersive gallery experiences, and the company's ability to capture demand in key global markets. Notably, management pointed to strong performance in its European galleries, particularly RH England, where demand trends surpassed internal benchmarks. Friedman acknowledged the strategic decision to pursue aggressive market share during a downturn, emphasizing, 'We are performing at a level most would expect in a robust housing market.' Looking ahead, RH's guidance reflects both optimism about international expansion and caution around near-term volatility tied to tariffs and macroeconomic uncertainty. Management expects the opening of flagship galleries in Paris, London, and Milan to serve as significant growth catalysts, with Friedman stating that these locations present 'a multibillion-dollar opportunity' for the brand. However, leadership noted that the recent introduction of new tariffs and associated supply chain disruptions have prompted a temporary delay in key product launches and are expected to impact revenue timing for the next quarter. CFO Jack Preston indicated that, while the company maintains its full-year margin targets, elevated investment in international markets and ongoing tariff negotiations may create further earnings variability through the remainder of the year. Management attributed quarterly performance to a mix of strong demand in Europe, ongoing product transformation, and tactical responses to trade disruptions, while emphasizing strategic flexibility amid external volatility. European momentum: RH's galleries in England, Munich, and Dusseldorf saw notable demand growth, with RH England's gallery and online channels up 47% and 44% respectively. Success in these markets encouraged confidence in the brand's disruptive potential across Europe as new flagship locations prepare to open. Product transformation: Management highlighted the rollout of 18 new collections—including a new Japandi design aesthetic blending Japanese and Scandinavian influences—and ongoing efforts to elevate the product assortment. These initiatives are designed to differentiate RH from competitors and support margin resilience. Membership discount strategy: In response to heightened industry promotions and a compressed outdoor selling season, RH increased its membership discount from 25% to 30%, and briefly to 35% for select outdoor products. Management described this as a strategic, long-term move to capture market share, rather than a temporary measure. Tariff mitigation efforts: The company accelerated its shift away from Chinese sourcing, aiming to reduce receipts from China to just 2% by year-end. RH also increased U.S. and Italian production for key upholstery lines, seeking to offset uncertainty from evolving trade policies. Capital allocation and real estate flexibility: RH continues to hold significant real estate assets, with plans to monetize properties opportunistically. Management cited a portfolio of owned and joint-venture galleries, particularly in Aspen and major U.S. markets, providing both liquidity options and strategic growth opportunities. RH's outlook is shaped by the pace of international expansion, margin management through product and sourcing shifts, and the evolving tariff landscape. International gallery expansion: Management expects the upcoming openings of flagship locations in Paris, London, and Milan to meaningfully expand RH's global reach. These galleries are positioned in high-visibility, luxury retail districts and are anticipated to drive substantial brand awareness and sales growth, although initial investments will weigh on operating margins in the near term. Margin resilience and discounting strategy: Despite increasing its membership discount, RH believes its elevated product mix and operational efficiencies will support full-year non-GAAP margin targets. Management noted that margin improvement is expected as product assortment optimizes and as European galleries scale, but acknowledged ongoing promotional intensity and macro volatility as risks. Tariff and supply chain adjustments: The company continues to shift sourcing out of China and work closely with vendor partners to absorb tariff costs. Management warned of near-term revenue timing disruptions and supply chain unpredictability, but expressed confidence that these challenges are being addressed through diversified sourcing and inventory management. Going forward, the StockStory team will focus on (1) the pace and performance of new flagship gallery openings in Europe, (2) how RH manages product margins and inventory in the face of elevated promotions and tariffs, and (3) whether the shift in membership discount strategy drives meaningful incremental demand without eroding brand positioning. Progress on monetizing real estate assets and supply chain diversification will also be important indicators. RH currently trades at a forward P/E ratio of 15.8×. Should you double down or take your chips? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
