Core Insights - RH's shares fell 7% in premarket trading following weaker-than-expected results and lowered guidance due to tariff uncertainties [1][6] Financial Performance - For the second quarter, RH reported adjusted earnings per share of $2.93 and revenue of $899.2 million, which is an 8% year-over-year increase. However, these figures missed analyst expectations of $3.22 EPS and $904.6 million in revenue [2][6] - The company cited the "polarizing impact of tariff uncertainty" and the worst housing market in nearly 50 years as factors negatively affecting performance [2][3] Guidance and Outlook - RH revised its full-year adjusted EBITDA margin forecast to 19% to 20%, down from the previous estimate of 20% to 21%. Revenue growth is now anticipated to be between 9% to 11%, compared to the earlier estimate of 10% to 13% [3] - The company is taking steps to mitigate tariff costs, including moving production out of China and increasing operations at its North Carolina plant [3][6] Market Context - Year-to-date, RH shares have lost 42% of their value, reflecting broader market challenges and specific company issues [4]

Market Overview - U.S. stocks are near record levels, with the S&P 500 down less than 0.1% from its all-time high, the Dow Jones Industrial Average falling 273 points (0.6%), and the Nasdaq composite increasing by 0.4% [1] Federal Reserve Expectations - There are rising expectations that the Federal Reserve will cut its main interest rate for the first time this year, which could stimulate the economy and has already led to a drop in mortgage rates [2] - Recent reports suggest the U.S. job market may be stabilizing, which could convince the Fed to provide support without triggering a recession or runaway inflation [3] Inflation Outlook - Investors and analysts believe inflation is not on the verge of a surge, with a University of Michigan survey indicating consumer expectations for inflation remain steady at 4.8% for the upcoming year [5] - Long-term inflation expectations have increased slightly but remain below levels seen in April when tariffs were announced [6] Company Performance - RH (Restoration Hardware) shares fell 4.6% after reporting profits and revenues below analysts' expectations and lowering its revenue forecast due to tariff uncertainty and a weak housing market [7] - Oracle's stock dropped 5.1%, becoming the largest detractor from the S&P 500 index, although it had previously surged due to excitement over its multibillion-dollar AI contracts [7]

Core Viewpoint - RH (NYSE: RH) has experienced significant volatility over the past year, with a 6% decline in share price due to a challenging sales environment, weak housing activity, and tariff uncertainties [1] Company Performance - The furniture retailer has faced a slow sales environment, which has contributed to its stock performance [1] - Weak housing activity has negatively impacted RH's sales [1] - Tariff uncertainty has added to the challenges faced by the company [1]

Group 1 - RH's stock has experienced volatility over the past year, with a 6% decline as of Thursday, attributed to a slow sales environment, weak housing activity, and tariff uncertainty [1] - The company operates in a challenging market, facing headwinds that impact its sales performance and overall financial health [1] Group 2 - The article emphasizes the importance of macroeconomic factors and stock-specific turnaround stories in evaluating investment opportunities [1]

The CEO of luxury furniture retailer RH turned to expletives again on an earnings call, telling analysts the industry needs to offer discounts amid a weak housing market or “f—-ing go bankrupt” https://t.co/HwQDQC2dyd ...

Core Insights - The Lovesac Company reported a second-quarter loss of $0.45 per share, which was better than the anticipated loss of $0.71 per share, while quarterly sales increased by 2.5% year-over-year to $160.53 million, slightly exceeding the forecast of $160.23 million [1][3] Financial Performance - Gross profit for the second quarter decreased by 1.9% year-over-year to $90.6 million, with gross margin declining by 260 basis points to 56.4% [3][4] - Adjusted EBITDA fell by 44.1% to $837,000, and the company reported an operating loss of $8.8 million, slightly higher than the $8.4 million loss from the previous year [4] - The cash and equivalents balance as of August 3 was $34.2 million, down from $72.1 million in the same period last year, while total merchandise inventory at the end of the quarter was $124.0 million [4] Guidance and Outlook - Lovesac revised its fiscal 2026 GAAP EPS guidance to a range of $0.52-$1.05, down from $0.80-$1.36, and below the consensus estimate of $1.04 [5] - The company narrowed its fiscal 2026 sales forecast to $710 million-$740 million, compared to the previous range of $700 million-$750 million and an estimate of $726 million [5] Market Reaction - Following the earnings report, Lovesac shares fell by 14.89% to $17.66 in premarket trading [5]

Earnings Reports - Kroger Co. is expected to report quarterly earnings of $0.99 per share on revenue of $34.10 billion [2] - Aviat Networks Inc. reported quarterly earnings of $0.83 per share, exceeding the analyst consensus estimate of $0.47 per share, with quarterly sales of $115.340 million, surpassing the estimate of $114.667 million [2] - RH is anticipated to post quarterly earnings of $3.20 per share on revenue of $904.64 million [2] - Oxford Industries Inc. reported quarterly earnings of $1.26 per share, beating the estimate of $1.18, but quarterly revenue of $403.14 million fell short of the consensus estimate of $410.850 million [2] - Adobe Inc. is expected to report quarterly earnings of $5.18 per share on revenue of $5.91 billion [2] Stock Performance - Kroger shares increased by 0.7% to $67.51 in after-hours trading [2] - Aviat Networks shares rose by 4.7% to $23.75 in after-hours trading [2] - RH shares gained 0.4% to $229.90 in after-hours trading [2] - Oxford Industries shares jumped 16.7% to $47.16 in after-hours trading [2] - Adobe shares increased by 0.4% to $351.45 in after-hours trading [2]

Core Insights - The U.S. government is investigating furniture imports, which may lead to new tariffs, with the investigation expected to conclude in 50 days [2][3] - Approximately 70% of household furniture sold in the U.S. in 2020 was imported, with significant increases in imports from Vietnam, Cambodia, Malaysia, and Indonesia [5] - The stock prices of companies like Restoration Hardware and Wayfair have been negatively impacted by the tariff news, although Wayfair claims tariffs have not significantly affected its pricing strategy [4] Industry Impact - The investigation into furniture imports is part of a broader examination of timber and lumber-related products [2] - Furniture imports from Southeast Asian countries rose to $15.4 billion in 2020, up from $4.6 billion in 2014, while imports from China have decreased [5] - Small- to medium-sized businesses (SMBs) are facing challenges due to tariffs, but recent data indicates that SMB confidence remains high, with 82% expecting to survive at least two more years [6][7][8]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Quad/Graphics, Inc. has been selected as the agency of record by Scandinavian Designs to enhance its marketing strategy and execution [1][3] - The partnership aims to grow Scandinavian Designs' e-commerce presence and modernize the furniture shopping experience [2][4] Company Overview - Scandinavian Designs is a nationwide retailer specializing in modern home furnishings, with over 50 store locations across the U.S. [2][7] - Quad is a marketing experience company that integrates creative, production, and media solutions across various channels [8][10] Strategic Collaboration - The collaboration will involve Quad's creative agency, Betty, and media agency, Rise, to provide strategic direction and analytics services [4][5] - Quad will also revive Scandinavian Designs' catalog, which was previously discontinued, to enhance consumer engagement [5][6] Market Insights - Recent research indicates that 78% of Gen Z and Millennials prefer brands that enhance physical shopping with digital touchpoints, and 65% of shoppers across generations look forward to receiving catalogs [6]