RH Jumps After Maintaining Its Outlook, Alleviating Concerns (2)

Luxury furniture company RH surged after keeping its outlook for the full year unchanged, alleviating investors’ concerns that US tariffs and a weak housing market would hurt the company’s performance.

The company, which operates the chain formerly known as Restoration Hardware, still sees revenue increasing by 10% to 13% in the current fiscal year, it said in its statement for the first quarter.

RH said that tariffs announced April 2 had disrupted “shipments and resourcing efforts,” which will hurt revenue in the current quarter. The impact will be recovered in the second half of the year, however. The company said ...