RH reported second-quarter revenue of $922.2M, up 2.6% and $5.9M above the consensus estimate, sending shares up 8.2% in postmarket trading to $145.00. Adjusted EBITDA came in at $178.5M, including a $55.1M tariff benefit, and the company said it expects to recognize an additional $13.9M tariff benefit in the second half of the year to offset $50M of unplanned supply-chain cost increases tied to the spike in oil prices from the conflict in the Middle East. For the third quarter, RH guided to revenue growth of 5.0% to 6.0%, and for the full year it expects growth of 5.5% to 7.0%. The company also said adjusted capital expenditures are expected to fall from $240M to $260M in 2026 to $175M to $200M in 2027, and outlined a new real estate strategy led by RH Compound, a multi-building shopping experience under construction in Naples, Florida, scheduled to open at the end of 2026 or beginning of 2027, with another planned in Aventura, Florida, for 2027. Short interest in RH stands at 26.3% of the total float, against a 52-week range of $106.30 to $248.44.
RHQ2 revenue of $922.2M beat consensus, with adjusted EBITDA of $178.5M including a $55.1M tariff benefit.
