RH Class A

RH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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RH Earnings: Despite Frozen Housing Market, Sales Grow as Product Launches Resonate With Consumers

Jaime M Katz

Dec 12, 2025

RH's third-quarter sales grew 9%, to $884 million, but the adjusted operating margin contracted 340 basis points to 11.6%, hurt by higher-than-expected tariff costs and opening expenses.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

United States

RH Class A

RH Earnings: Despite Frozen Housing Market, Sales Grow as Product Launches Resonate With Consumers

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