Welcome to our dedicated page for RH news (Ticker: RH), a resource for investors and traders seeking the latest updates and insights on RH stock.
RH (NYSE: RH) is described by the company as a curator of design, taste and style in the luxury lifestyle market, operating within the furniture stores industry and the broader retail trade sector. The RH news feed on Stock Titan aggregates company-issued updates and related coverage so readers can follow how this luxury home furnishings and lifestyle brand communicates with investors and customers.
Recent RH news releases focus on quarterly financial results, the opening of new design galleries and developments in the company’s hospitality and design offerings. For fiscal 2025, RH has issued announcements for first, second and third quarter results, each accompanied by a shareholder letter from the Chairman and Chief Executive Officer and a conference call and webcast. These items are also reflected in Form 8-K filings that describe the information as furnished under Item 2.02.
Another major stream of RH news involves the debut of new galleries in key markets. Examples include RH Oklahoma City, The Gallery at OAK; RH Montreal, The Gallery at Royalmount; RH Manhasset, The Gallery at Americana; RH Detroit, The Gallery in Birmingham; and RH Paris, The Gallery on the Champs-Élysées. These releases describe multi-level indoor-outdoor spaces that integrate RH Interiors, Modern and Outdoor collections with art, antiques and hospitality features such as rooftop restaurants and parks.
Investors, analysts and followers of the furniture and luxury lifestyle sectors can use this page to review RH’s official announcements about its financial reporting cadence, expansion of its gallery footprint in the United States, Canada and Europe, and other corporate communications. Bookmark this news feed to quickly access RH’s earnings releases, gallery openings and brand statements as they are published.
RH (NYSE: RH) has announced plans for a 3-for-1 stock split expected in the spring. This decision follows significant appreciation in the company's stock price since its 2012 IPO. While a stock split does not alter the overall company value, RH believes it will enhance talent recruitment and retention. RH is recognized for its offerings in the luxury lifestyle market through various platforms including RH.com.
RH (NYSE: RH) disclosed that CEO Gary Friedman plans to sell around 1.7 million shares of common stock related to 2.9 million options set to expire as part of the company's IPO ten-year anniversary. The proceeds from this sale will be used to exercise these options and meet tax obligations. Following the sale, Friedman will maintain ownership of approximately 5.7 million shares, equating to about 21% of the company's total outstanding stock.
RH (NYSE: RH) will announce its fourth quarter and fiscal year 2021 results on March 29, 2022, after market close. The results will be accompanied by a shareholder letter from CEO Gary Friedman, detailing the company's performance and evolution. A live conference call will occur at 2:00 PM PT on the same day, accessible via phone and audio webcast. Financial updates and the shareholder letter will be published on RH's investor relations website at ir.rh.com.
RH (NYSE: RH) announced its financial results for Q3 ended October 30, 2021. The shareholder letter, from Chairman and CEO Gary Friedman, is available on their Investor Relations website. A live conference call is scheduled for today at 2:00 pm PT (5:00 pm ET), accessible via phone or audio webcast. RH continues to position itself as a leader in the luxury lifestyle market, providing premium collections through retail galleries and online platforms.
RH (NYSE: RH) will announce its third quarter financial results on December 8, 2021, after market close. The report will include a shareholder letter from CEO Gary Friedman detailing the company’s recent performance and evolution. An accompanying live conference call is scheduled for 2:00 PM PT on the same date, accessible via phone and webcast. Investors can view results and the shareholder letter on the company’s investor relations website.
RH has launched a new retail experience with the opening of RH Jacksonville at The Gallery at St. Johns Town Center. Spanning 70,000 square feet, this three-level facility features a rooftop restaurant, wine bar, outdoor furniture collections, and an interactive interior design firm. CEO Gary Friedman emphasized the brand's commitment to creating architecturally inspiring spaces that bridge the gap between residential and retail. The gallery showcases luxury furnishings and offers curated dining options, solidifying RH's position in the luxury lifestyle market.
RH (NYSE: RH) has announced leadership transitions following the retirement of DeMonty Price, the President and Chief Operating Officer, effective January 29, 2022. DeMonty, a 19-year veteran of the company, will be succeeded by Stefan Duban as Chief Gallery & Customer Officer, Fernando Garcia as Chief Supply Chain Officer, and Sandy Pilon as Chief People & Values Officer. The changes aim to bolster operations and maintain the company’s strong brand identity in the luxury lifestyle market.
Fundamental Income has acquired the historic RH Chicago, The Gallery at the Historic Three Arts Club for $44.7 million. The property, spanning 70,000 square feet, features a rooftop park and café, and is secured by a long-term lease to RH. Fundamental Income aims to provide capital solutions for single-tenant commercial properties, supported by a $500 million equity commitment from Brookfield Asset Management. This acquisition highlights Fundamental Income's strategy to invest in unique, well-located real estate assets.
RH (NYSE: RH) has successfully completed a $2 billion debt financing through a Term Loan Credit Agreement, set to mature on October 20, 2028, with an interest rate tied to LIBOR. The funds will support general corporate needs and facilitate early conversions of existing convertible notes. CEO Gary Friedman highlighted the financing's role in enhancing RH's market positioning as a luxury brand. The Term Loan was rated Ba2 by Moody's and BB by S&P Global. Anticipated additional interest expense is projected at $11 million after tax for Q4 2021.
RH (NYSE: RH) has unveiled RH Oak Brook at The Gallery at Oakbrook Center, an expansive 60,000-square-foot venue with a Rooftop Restaurant and Wine Bar. This innovative space blurs the line between residential and retail, featuring luxury home furnishings, an interactive Interior Design Firm & Atelier, and outdoor garden areas. CEO Gary Friedman emphasized the unique design, differentiating it from traditional retail. The Gallery offers a curated experience in furniture, wine, and interior design, enhancing RH's presence in the Chicago area.