RH Had Better Earnings Than Feared. The Furniture Stock Jumps.
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Restoration Hardware posted mixed quarterly results, but the stock has taken off because management is sticking with its financial forecasts for the year despite uncertainty over tariffs. The furniture retailer maintained its fiscal year outlook despite grappling with a high-risk business environment and what CEO Gary Friedman described as “the worst housing market in almost 50 years.” The company continues to expect full-year revenue will grow between 10% to 13% from last year’s total.