RH (NYSE:RH) stock rose in premarket trading Friday after the luxury home furnishings retailer reported second-quarter fiscal 2026 results that beat Wall Street earnings expectations despite a revenue miss.
RH Estates Could Double Addressable Market
The company said its new Estates collection could potentially double its total addressable market.
The company launched RH Estates from late June through mid-July. The collection focuses on traditional and classic styles found in more than 60% of luxury homes in North America. Those styles are even more prevalent in Europe.
RH expects the aesthetic to drive a major industry trend for more than 20 years. The company expects Estates to account for 50% of its offering within five years.
