RH’s stock plunge shows even the ultrarich are worried about spending on their homes

Site SearchClearSEARCHAdvanced Search ➔Search ResultsSymbolsNo results foundAll NewsArticlesVideoPodcasts0 ResultsNo Results FoundAuthorsNo results foundSectionsNo results foundColumnsNo results found Earnings ResultsRH’s stock plunge shows even the ultrarich are worried about spending on their homesThe Iran conflict likely hurt sales to certain customers in Europe with ties to the Middle East, UBS saysPublished: April 1, 2026 at 1:36 p.m. ETShareResizeListen(4 min)The RH Estates brand extension is meant to address an even higher-end consumer than RH, the former Restoration Hardware, typically has. Photo: RHA previous version of this report inaccurately represented the analyst consensus estimate for fourth-quarter revenue. It has been corrected.Shares of RH plummeted toward a six-year low Wednesday after the high-end furniture retailer’s latest earnings report and outlook suggested that even very well-off consumers have cut back spending on their homes. About the Author Tomi KilgoreTomi Kilgore is MarketWatch's Managing Editor, Companies, and is based in New York. You can follow him on Twitter @TomiKilgore.Show Conversation (0)Back To TopA Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.Terms of UsePrivacy NoticeCookie NoticeArchive MarketwatchCustomer CenterContact UsNewslettersNewsroom RosterVirtual Stock ExchangeMarketWatch GuidesCopyright PolicyManage NotificationsCancel My SubscriptionCompanyDow JonesCode of ConductCorrectionsReprints & LicensingDigital Self ServiceYour Ad ChoicesCorporate SubscriptionsAccessibilityDow Jones NetworkThe Wall Street JournalBarron'sInvestor's Business DailyFinancial News Londonrealtor.comMansion GlobalDow Jones Smart MoneyIntraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.