RH gains after tariff refunds boost Q2 results
RH reported a 2.6% increase in revenue for the second quarter, totaling $922.2 million, which surpassed analysts' expectations by $5.9 million.
The company achieved an adjusted EBITDA of $178.5 million, benefiting from a $55.1 million positive impact related to tariffs.
Following the release of its earnings report, RH experienced a rise in its stock price, indicating a positive market reaction.
Recommendation Rating: Positive Outlook for RH
RH (RH) saw an upswing in early trading following the release of its second-quarter earnings report.
The California-based firm announced a revenue increase of 2.6%, reaching $922.2 million for the quarter, which exceeded analysts’ expectations by $5.9 million. The company reported an adjusted EBITDA of $178.5 million, which included a favorable impact of $55.1 million from tariffs.