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Jim Cramer: RH Is Not a Furniture Store, It's an Experience

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Restoration Hardware  (RH)  reported earnings. 

RH was up upwards of 6% after the high-end furniture retailer topped analysts' estimates for first-quarter earnings and boosted its forecast for the year, benefitting from the strong housing market.

The company also raised its revenue growth guidance for fiscal 2021 to a range of 25% to 30% versus prior estimates of 15% to 20%.

"The un-masking of the general public could lead to a Roaring Twenties type of consumer exuberance," CEO and chairman Gary Friedman wrote in a letter to shareholders. 

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