RH Raises Full-Year Outlook After First-Quarter Results Top Expectations

Jun 12, 2026

RH reported first-quarter fiscal 2026 results and said its revenue and adjusted EBITDA margin came in above the high end of its expectations. The luxury home furnishings retailer also raised its full-year outlook, now expecting revenue growth of 4.5% to 8% for fiscal 2026, up from a prior range of 4% to 8%.

The company said tariff-related resourcing kept backorders and special orders elevated. RH also said it will host a live conference call and webcast to discuss the results.

After the update, RH shares fell more than 6% on Friday as investors focused on the company’s weaker-than-expected second-quarter revenue guidance, even with the stronger first-quarter results and higher full-year sales outlook.

What did RH report for the first quarter?

RH said first-quarter revenue and adjusted EBITDA margin were above the high end of its expectations.

Did RH change its full-year outlook?

Yes. RH raised its expected fiscal 2026 revenue growth range to 4.5% to 8% from 4% to 8%.

Why did RH stock fall after the report?

The stock dropped more than 6% because investors reacted to weaker-than-expected second-quarter revenue guidance.

Did RH mention any business challenges?

Yes. RH said tariff-related resourcing kept backorders and special orders elevated.

Sources
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