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RH / RH 2Q financial results beat estimates; stock slides on mixed outlook

RH 2Q financial results beat estimates; stock slides on mixed outlook
RH (NYSE:RH), the parent company of Restoration Hardware, after Thursday's close reported second quarter 2023 revenue of $800 million, down from $992 million a year earlier but better than the Zacks Consensus estimate of $770.1 million.  The luxury home-furnishings company's adjusted earnings per share (EPS) for the period, meanwhile, came in at $3.93, exceeding expectations of $2.63. Read More
Posted: Sep 7 2023, 16:46
Author Name: Proactive Investors
Views: 112511

RH News  

1 Stumbling Growth Stock to Buy on the Dip

By The Motley Fool
October 20, 2023

1 Stumbling Growth Stock to Buy on the Dip

RH could be through the worst of its growth hangover. The company affirmed its outlook for strong profitability this year. more_horizontal

Better Buy: RH vs. Wayfair Stock

By The Motley Fool
October 14, 2023

Better Buy: RH vs. Wayfair Stock

Wayfair is on the cusp of returning to growth. RH has a stronger financial footing, making it less risky as consumer spending slows. more_horizontal

What Smart Investors Know About RH Stock

By The Motley Fool
October 9, 2023

What Smart Investors Know About RH Stock

RH posted a painful 20% sales decline in the most recent quarter. Margin trends might get worse before they get better. more_horizontal

Better Buy: Tractor Supply vs RH

By The Motley Fool
October 8, 2023

Better Buy: Tractor Supply vs RH

Tractor Supply puts its long-term addressable market at $180 billion. RH also has a long runway of growth as it expands into new cities. more_horizontal

Where Will RH Stock Be in 3 Years?

By The Motley Fool
October 7, 2023

Where Will RH Stock Be in 3 Years?

Average consumers (as well as more affluent ones) are clearly strained. RH stock is too risky for most investors right now, and could remain so for se more_horizontal

Where Will RH Stock Be in 1 Year?

By The Motley Fool
October 6, 2023

Where Will RH Stock Be in 1 Year?

Look for sales growth to remain sluggish. RH is still targeting strong profit margins for 2023. more_horizontal

This Luxury Brand Just Repurchased Almost 20% of Its Stock: Genius or Risky?

By The Motley Fool
September 14, 2023

This Luxury Brand Just Repurchased Almost 20% of Its Stock: Genius or Risky?

RH just spent most of its cash on an aggressive repurchase last quarter. The buyback comes amid a big strategy shift for the company and uncertainty i more_horizontal

Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools

By New York Post
September 12, 2023

Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools

Furniture retailers are seeing a slowdown in sales as Americans who are already struggling to afford homes aren't shelling out for a new dining table more_horizontal


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