RH shares surged as much as 19.8% in U.S. pre-market trading Friday after the luxury home-furnishings retailer reported stronger first-quarter results and reaffirmed a double-digit growth outlook. Revenue for the quarter ended May rose 12% from a year earlier, while adjusted operating margin reached 7%. Adjusted EBITDA came in at roughly $94 million, producing a 13.1% margin that landed at the high end of management’s expectations despite falling short of the $101 million consensus estimate. Management maintained its forecast for fiscal-2026 revenue growth of 10% to 13%, implying sales of $3.50 billion to $3.59 billion, essentially in line with Wall Street’s $3.51 billion projection. Executives highlighted steps to blunt the impact of Washington’s 145% tariff on Chinese goods, noting that the company has cut its sourcing from China to 2% of purchases in the current quarter from 16% in the first. Recent real-estate asset sales are also bolstering liquidity and free-cash-flow generation. The upbeat guidance and supply-chain shift reversed the pessimism that had sent RH tumbling about 40% after its prior earnings release. The stock gained around 18% in late trading Thursday and extended those gains to nearly 20% before the opening bell Friday, as investors welcomed evidence that the retailer can navigate tariff headwinds while sustaining growth.