RH Stock Recent News

Anthony Chukumba, Loop Capital Markets senior research analyst, joins 'Closing Bell: Overtime' to discuss RH earnings report as shares pop on Q4 results.

Besides Wall Street's top -and-bottom-line estimates for RH (RH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.

CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) today announced that it will report financial results for the fourth quarter and fiscal year 2023 ended February 3, 2024, on Wednesday, March 27, 2024 after market close. RH's fourth quarter and fiscal year 2023 financial results press release will include a shareholder letter from Chairman and Chief Executive Officer, Gary Friedman, highlighting the Company's continued evolution and recent performance. The shareholder letter and financial re.

[Note: RH's fiscal year 2023 ended January 28, 2023]

RH (RH), once known as Restoration Hardware, posted a surprise quarterly loss on December 7 and provided downbeat guidance.

RH, formerly known as Restoration Hardware, has transformed into a luxury brand under the leadership of CEO Gary Friedman. RH has guided to 20%+ operating margins, in line with luxury brands. RH has expanded into different areas such as travel and residential real estate, and has plans for global expansion, aiming to become one of the world's most prestigious brands.

Shares of RH (RH), the upscale furniture retailer formerly known as Restoration Hardware, slid 14% Friday morning after the company narrowed its full-year sales and margin guidance as a deep freeze in the housing market spilled over into furniture sales.

California-based home furnishings company RH (NYSE: RH ), formerly Restoration Hardware, indirectly rang the alarm over potential concerns bubbling in the U.S. housing market in its recent earnings call. Indeed, RH stock is down a brutal 14% today after issuing weak earnings and guidance stemming from housing market-related headwinds.

Slowness in the housing market has hit the former Restoration Hardware. Sales slumped 14% year over year.

The home restoration retailer blames higher mortgage rates for weak sales.