RH Stock Price, News & Analysis

RH (NYSE: RH) has announced the acquisition of Dmitriy & Co and Jeup, Inc., establishing RH Couture Upholstery and RH Bespoke Furniture, respectively. The founders of both companies will join RH to spearhead these new brands. Additionally, Margaret Russell, former Editor in Chief of Architectural Digest, has been appointed as Chief Editorial Officer to lead RH Media. CEO Gary Friedman emphasized the strategic importance of these acquisitions in reinforcing RH’s presence in the luxury home furnishings market and transforming the interior design landscape.

RH (NYSE: RH) announced that CEO Gary Friedman will sell approximately 0.7 million shares related to the expiry of 1.0 million options granted in July 2013. The sale proceeds will be used for option exercise and tax obligations. After this transaction, Friedman will retain about 5.0 million shares, equating to 19% of RH's outstanding common stock. This strategic move highlights the ongoing commitment of the leadership while managing stock options.

RH (NYSE: RH) will release its third quarter fiscal 2022 financial results on December 8, 2022, after market close. The results will include a shareholder letter from CEO Gary Friedman detailing the company's performance and evolution. Shareholders can access the results and letter on the investor relations website. A live conference call will follow at 2:00 PM PT (5:00 PM ET) on the same day, available via phone and audio webcast.

TD Bank has announced a multi-year financing partnership with RH, enhancing credit card financing options for RH customers. This initiative includes a private-label credit card program offering competitive APRs, aimed at providing flexibility as consumers approach fall 2023. TD's Retail Card Services will support RH's extensive luxury home furnishings collection, promoting customer convenience and brand loyalty. Both companies align on a personalized customer relationship philosophy, expected to boost RH's market presence.

RH (NYSE: RH) announced its financial results for Q2 ended July 30, 2022, in a letter from CEO Gary Friedman. The details are available on their Investor Relations website. Additionally, RH leadership will host a live conference call today at 2:00 PM Pacific Time, accessible via phone or audio webcast. RH continues to curate luxury lifestyle products through various platforms, showcasing its collections through retail galleries and online.

RH (NYSE: RH) has launched the RH Guesthouse New York, a unique hospitality venue emphasizing privacy and luxury. The property features six guest rooms, three suites, and a top-floor penthouse occasionally available for booking. Amenities include gourmet pantries, in-room gyms, a rooftop garden, and a restaurant offering premium dishes like Wagyu ribeye. CEO Gary Friedman indicates this initiative aims to redefine luxury hospitality in a growing market focused on privacy. Located in the Meatpacking District, the hotel showcases high-end design and service standards.

RH (NYSE: RH) is set to report its financial results for the second quarter of fiscal 2022, concluding on July 30, 2022, on September 8, 2022, after market close. The release will feature a shareholder letter from CEO Gary Friedman, detailing the company's evolution and performance. A live conference call will follow on the same day at 2:00 PM PT. Investors can access the financial results and the call via RH's investor relations website.

RH (NYSE: RH) revised its fiscal 2022 outlook, forecasting net revenue growth of (2%) to (5%) and an adjusted operating margin of 21.0% to 22.0%. The company expects (1%) to (3%) growth for Q2, with a margin of 23.0% to 23.5%. CEO Gary Friedman attributes the changes to a deteriorating macroeconomic environment, including rising mortgage rates and a 18% decline in luxury home sales. RH has paused share repurchases since June 2, 2022, while focusing on long-term investments amidst expected short-term challenges.

RH (NYSE: RH) has launched RH Contemporary, a new collection aimed at redefining modern luxury with a minimalist design language previously exclusive to To-the-Trade showrooms. The collection includes exquisite Made-in-Italy upholstery and Italian Travertine furniture, blending craftsmanship with modern aesthetics. Spanning living, dining, and bedroom furniture, the collection features collaborations with leading designers. Chairman and CEO Gary Friedman emphasized the collection's position as one of the largest integrated luxury furnishings offerings globally.