On September 11, RH rose 8.19% in pre-market trading, trading at $144.9/share, with turnover of $126,100. The surge was driven by the company's fiscal Q2 earnings report released after the prior session's close, which significantly exceeded Wall Street expectations on both top and bottom lines.

Specifically, RH posted adjusted earnings per share of $2.70, beating the analyst consensus estimate of $1.78 by 51.69%. Revenue came in at $922.2 million, up from $899.2 million a year earlier and above the Street estimate of $915.1 million. The company also issued an optimistic outlook, projecting Q3 revenue growth of 5% to 6% and narrowing full-year revenue growth guidance upward to 5.5% to 7%. For Q4, RH expects revenue growth of 16.1% to 21.2%, fueled by backlog order conversion contributing 6.5 percentage points, RH Estates adding 8.0 percentage points, and new gallery openings contributing 4.0 percentage points. Adjusted EBITDA margin is guided at 19.7% to 22.9%, which includes approximately 190 basis points of drag from international expansion costs.

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