Pedro [Unknown]'s questions to RH (RH) leadership • Q4 2025
Question
Pedro, on behalf of Simeon, asked for RH's outlook on the consumer and housing market, given recent slowdowns, and questioned the source of demand growth between new Design Galleries and legacy locations.
Answer
Gary Friedman, executive, dismissed focusing on consumer sentiment, stating RH's history of outperformance in any environment, including the recent poor housing market. He emphasized that the company's strategy of creating desirable products and inspiring spaces drives results, and that both legacy and Design Galleries are performing well without significant variance in comps.