Restoration Hardware is the comfiest member of corona-conomy's Fancy Flyers

Hit 'em with the cloud couch... Restoration Hardware is the upscale home-furnishing company whose stores look like WeWork and the Palace of Versailles had a baby (on steroids). RH prefaced its earnings with an inspiring quote from Emerson. We're certain that the Transcendental, nature-adoring poet would love to see his words on the financial report of a company that sells $5K couches.

• RH sales just barely grew compared to the same quarter last year, buuut...
• Profit jumped over 50%. RH got to keep more $$$ from each $10K table it sold by raising prices. It expects to have an even higher profit margin next quarter.

Luxury still pays off... RH stock jumped 20% on the strong report coupled with an analyst upgrade. Home Depot had its best quarter in 20 years thanks to the pandemic "House Hype." But non-affordable brands are thriving, too:

• Despite having sky-high prices during a time of economic turmoil, RH is still winning. Wealthy consumers are splurging to give their homes a (pricey) pandemic upgrade.
• Well said:“The high-income consumer is healthy and is investing in their homes” — Cristina Fernández, the analyst who upgraded RH stock.