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.
Shares of luxury furniture retailer RH (NYSE:RH) jumped 19.4% in the pre-market session after the company reported strong third-quarter results. It was great to see RH raise its full-year revenue and EBITDA guidance. Notably, demand for RH's products accelerated in the quarter, and continued to strengthen into the final quarter of the year, a positive growth indicator amid recent macroeconomic challenges. On the other hand, this quarter's gross margin and EBITDA fell short of Wall Street's estimates while revenue was in line, but the market seemed to weigh the outlook more.
The U.S. stock market experienced subdued price action on Friday as investors adopted a cautious stance following disappointing inflation data earlier in the week and in anticipation of the Federal Reserve’s Dec. 18 meeting.
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.
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.
