RH (RH) shares plunged in extended trading Wednesday after the company issued a weaker-than-expected outlook and said it's facing “the worst housing market in almost 50 years.”

The luxury home furnishings retailer said it expects revenue to grow 10% to 13% year-over-year in fiscal 2026, bꩵelow the analyst consensus compiled by Visible Alpha. Its first-quarter growth projection of 12.5% to 13.5% also missed estimates.

R♌H shares lost nearly a quarter of their value in after-hours trading. As of Wednesday’s close, the stock was down about 37% for 2025. 

"We expect a higher risk business environment this year due to the uncertainty caused by tariffs,” RH said in a statement. The company reported results as President Trump announced 澳洲幸运5开奖号码历史查询:sweeping tariffs on goods from a wide range of countries Wednesday evening.&nbs🌳p;

“The f꧙act is, we’ve been operating in the worst housing market ꧃in almost 50 years,” the company added. 

In its fiscal fourth quarter, RH reported revenue of $812.4 million,💙 up 10% year-over-year but below the analyst consensus. Adjusted net income of $31.7 million, or $1.58 per share, was up from $14.3 million, or 72 cents per share, a year earlier, but also missed expectations. 

CORRECTION—April 3, 2025: This article has been corrected to reflect RH said it's facing the worst housing market in "almost 50 years.”