RH Stock Recent News

RH's unique demand cycle and focus on high-ticket items position it to outperform competitors, with significant investments in new products and immersive experiences. RH's strong Q2 2024 results, including an earnings beat, highlight its potential for long-term, sustainable growth despite housing market challenges. The Waterworks brand presents a major growth opportunity, with plans to scale and reach a broader consumer base, potentially becoming a billion-dollar brand.

RH (RH) shares soared 20% in premarket trading Friday after the luxury home furnishing retailer reported earnings that topped Wall Street's estimates and said it continues to see robust demand.

Strong demand “is a clear point of differentiation amid mixed premium furnishings trends and negative investor sentiment,” according to Stifel analysts.

The home furnishings company tops estimates for earnings and revenue in its fiscal second quarter.

RH (NYSE:RH ) Q2 2024 Earnings Call Transcript September 12, 2024 5:00 PM ET Company Participants Allison Malkin - IR, ICR Gary Friedman - Chairman and CEO Stefan Duban - Chief Gallery and Customer Officer Jack Preston - CFO Conference Call Participants Curt Nagle - Bank of America Steven Zaccone - Citi Steven Forbes - Guggenheim Securities Simeon Gutman - Morgan Stanley Max Rakhlenko - TD Cowen Andrew Carter - Stifel Jonathan Matuszewski - Jefferies Brad Thomas - KeyBanc Capital Markets Michael Lasser - UBS Seth Basham - Wedbush Securities Operator Good day everyone and welcome to today's RH Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

RH (RH) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $3.93 per share a year ago.

RH is well positioned to benefit from a housing market rebound once interest rates fall and home prices “reset lower,” RH's CEO says.

RH is scheduled to report earnings after Thursday' close. The stock hit a record high of $744.56/share in 2021 and is currently trading near $247.

RH RH will release earnings results for its second quarter, after the closing bell on Thursday, Sept. 12.

I invested in RH stock in March 2020 and has remained long despite substantial volatility in stock prices. RH has entered a difficult operating period, with growth proving to be hard to come by. RH is focused on reviving growth through product innovation, platform expansion, enhanced digital presence, and international expansion.