What a Difference a Quarter Makes: RH Stock Climbs on Q1 Results After Seeing a 40% Post-Earnings Slide in April

RH (NYSE: RH) saw its shares surge after the luxury furniture company reported a surprise profit for the fiscal 2025 first quarter and indicated it was making progress moving more production out of China to mitigate tariff impacts. While some of the initial enthusiasm faded, the 7% gain RH posted on June 13 was still a much better day for the stock compared to the last time it reported quarterly results.In early April, the company saw its shares plunge 40% following its fiscal 2024 year-end report, which coincided with President Donald Trump's "Liberation Day" tariff announcements. The company had already been dealing with a difficult home furnishings market, and new tariffs added another headwind.The home furnishings industry saw a lot of demand pulled forward during the pandemic as homeowners focused on remodeling and decorating. Since then, higher interest rates have negatively impacted the remodeling market and led to less homebuying activity. Given that RH had been sourcing most of its furniture from Asia, a difficult environment just got tougher.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool