RH revenues, earnings miss; 2025 expansion plans include Paris debut

RH opened at Fashion Island in Newport Beach, Calif., in December 2024.

RH remains focused on its expansion even as it provided soft guidance amid a tough housing market and other macroeconomic pressures.

“While we expect a higher risk business environment this year due to the uncertainty caused by tariffs, market volatility and inflation risk, we believe it’s important to separate the signal from the noise,” said CEO and chairman Gary Friedman in a statement announcing the company’s fourth quarter results.

The luxury home furnishings retailer is among those companies that are considered most likely to feel the impact of the Trump administration’s new tariffs due to its reliance on sourcing materials from Vietnam. The country will be hit with a new U.S. import tariff of 46% starting April 9.

“As we’ve done with prior tariffs, we will be working with our manufacturing partners to mitigate the impact to both our margins and costs to our customers, stated Friedman. “The fact is, we’ve been operating in the worst housing market in almost 50 years. Despite that fact, we are performing at a level most would expect in a robust housing market.”