RH is a high-end furniture and home decor company that specializes in offering a curated assortment of luxury products for home design. The company is known for its distinctive collections, which include furniture, lighting, textiles, and accessories, all aimed at enhancing the aesthetics of residential spaces. RH operates a network of galleries that serve as showrooms, allowing customers to experience the brand's offerings in a sophisticated environment. Additionally, the company emphasizes design innovation and craftsmanship, often collaborating with renowned designers to create exclusive pieces. RH also provides a range of services, including interior design consultations, to help clients realize their vision for their homes.
Luxury furniture retailer RH (NYSE:RH) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 8.1% year on year to $811.7 million. Its GAAP profit of $1.66 per share increased from -$0.12 in the same quarter last year.
Stock market indexes had a down day from the start: higher producer prices from November’s PPI report and a notable increase in Weekly Jobless Claims ahead of the open today set the scene.
RH (NYSE: RH) has released its financial results for the third quarter ended November 2, 2024, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at ir.rh.com.
RH (NYSE: RH) today announced that it will report financial results for the third quarter ended November 2, 2024, on Thursday, December 12, 2024 after market close. RH’s third quarter fiscal 2024 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 results will be posted to the Company’s investor relations website at ir.rh.com.
Analyst Justin Post shares views on internet and e-commerce stocks including Amazon, Applovin, Chewy, and RH. Cyber Monday generated $13.3B in sales, exceeding estimates.
President-elect Donald Trump has proposed implementing significant tariffs, including 25% on imports from Mexico and Canada, and an additional 10% on goods from China.
The past six months have been a windfall for RH’s shareholders. The company’s stock price has jumped 55.8%, hitting $390.43 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
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RH (NYSE: RH) announced today the opening of RH Raleigh, The Gallery at North Hills, an immersive retail experience seamlessly integrating luxury home furnishings collections from RH Interiors, Contemporary, Modern and Outdoor with rare art, antiques and artifacts from across the globe. Reflecting the brand’s continued commitment to hospitality, RH Raleigh features a dramatic, glass-encased Rooftop Restaurant offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared.
