Restoration Hardware's stock plunged 26% after a major tariff announcement. The company's CEO cursed when he found out the luxury home furnishing company's stock fell.
RH (NYSE:RH ) Q4 2024 Earnings Conference Call April 2, 2025 5:00 PM ET Company Participants Allison Malkin - IR, ICR Gary Friedman - Chairman & CEO Jack Preston - CFO Conference Call Participants Steven Forbes - Guggenheim Michael Lasser - UBS Max Rakhlenko - TD Cowen Andrew Carter - Stifel Bradley Thomas - KeyBanc Capital Markets Jonathan Matuszewski - Jefferies Seth Basham - Wedbush Securities Brian Nagel - Oppenheimer Cristina Fernandez - Telsey Advisory Group Operator Good day, everyone, and welcome to the RH Fourth Quarter and Fiscal Year 2024 Earnings Call. I would now like to turn the call over to Ms.
While the top- and bottom-line numbers for RH (RH) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RH shares have declined 20% over the past year, with a 40% drop from their highs, driven by weak consumer spending and a sluggish housing market. Poor Q4 results, high debt levels, and significant leverage have exacerbated financial pressures, leading to my bearish outlook despite expansion efforts. RH's guidance implies weaker margins and potential downside risk due to excess inventory, tariff pressures, and a challenging housing market.
RH (RH) came out with quarterly earnings of $1.58 per share, missing the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $0.72 per share a year ago.
RH (RH) shares plunged in extended trading Wednesday after the company issued a weaker-than-expected outlook and said it's facing “the worst housing market in 50 years.”
The 'Fast Money' traders react to RH stock falling more than 20% after earnings.
Shares of RH fell sharply after hours on Wednesday after the luxury furniture chain's full-year sales outlook came in shy of expectations, amid a forecast of what it characterized as a “higher-risk business environment this year” due to tariffs, seesawing markets and inflation.
RH RH will release its fourth-quarter financial results, after the closing bell, on Wednesday, April 2.
Seth Basham believes high-end furniture brand RH (RH) is undervalued. He notes risk in the company's "completely quiet" approach to some of its recent financials but still holds a price target suggesting significant upside.
RH RH, formerly Restoration Hardware, is scheduled to report fourth-quarter fiscal 2024 (ended Feb. 1) results on April 2, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Beyond analysts' top -and-bottom-line estimates for RH (RH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.