RH(NYSE) RH

RH sells high-end furniture and decor for the home. It makes luxury items for living rooms, bedrooms, and gardens. The company also runs restaurants and hotels for its customers.

Luxury Goods for the Home

• Home Furnishings: Curated collections of furniture, lighting, and textiles; products are sold through physical galleries and digital platforms.
• RH Hospitality: Integrated dining and wine bar experiences located in 27 Design Gallery showrooms across North America.
• Waterworks: Premium bath and kitchen fittings and accessories sold through dedicated showrooms in the United States and United Kingdom.
• Child and Teen: Specialized furniture and decor collections designed for younger age groups.
• Luxury Travel: High-end travel assets including two private jets, a charter yacht, and a guesthouse location.

Growing the International Footprint

• Launched the RH Estates and RH Couture collections in early 2026 to offer higher levels of customization.
• Opened new European Design Galleries in Paris, Milan, and London during 2025 and 2026.
• Ended joint venture agreements in May 2026 to become the sole owner of several retail and development properties.
• Introduced the first RH Guesthouse in New York in September 2022 to enter the luxury hotel industry.

Why This Brand Is Different

RH differentiates itself by transforming retail stores into architecturally unique galleries that include integrated restaurants and wine bars. This strategy creates an immersive environment that encourages customers to experience the brand beyond standard shopping.

Vital Financial Facts

• Net revenues rose 2.6% year over year to $922 million in the three-month period ended August 1, 2026.
• Operating income was $141.8 million for the six-month period ended August 1, 2026, down from $184.8 million in the prior-year period.
• Total debt reached $2.39 billion as of August 1, 2026, which includes term loans and notes payable.
• The company filed for and received $67 million in tariff refunds during the second quarter of fiscal 2026.
• Market capitalization was $3.1 billion in the second quarter of fiscal 2026, a 16.8% decrease year over year.

The Big Picture

RH has transformed from a traditional furniture seller into a curated luxury brand focused on architecture and lifestyle. Its expansion into international markets and high-end services marks a significant shift in its business model.