RH Jumps After Maintaining Its Outlook, Alleviating Concerns

Luxury furniture company RH surged after keeping its outlook for the full year unchanged, alleviating investors’ concerns that US tariffs and a weak housing market would hurt the company’s performance.

The company, which operates the chain formerly known as Restoration Hardware, still sees revenue increasing by 10% to 13% in the current fiscal year, it said in its statement for the first quarter.