RH cuts outlook weeks after previous guidance, shares slide [ABC News]
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
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Source: ABC News
RH cuts outlook weeks after previous guidance, shares slideShares of RH are down 9% at the opening bell after the luxury furniture store chain cut its sales expectations just weeks after issuing guidance to its investors, blaming worsening macro-economic conditions and rising mortgage ratesByMichelle Chapman Ap Business WriterJune 30, 2022, 9:33 AMShares of RH tumbled 9% at the opening bell Thursday after the luxury furniture store chain cut its sales expectations just weeks after issuing guidance to its investors, blaming worsening macro-economic conditions and rising mortgage rates.After predicting earlier this month that 2022 sales would be flat to up 2%, the Corte Madera, California, company said late Wednesday that in now believes sales will fall between 2% and 5%.“With mortgage rates double last year’s levels, luxury home sales down 18% in the first quarter, and the Federal Reserve’s forecast for another 175 basis point increase to the Fed Funds Rate by year end, our expectation
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News
- Home Furniture Retailer Stocks Q4 Results: Benchmarking RH (NYSE:RH) [Yahoo! Finance]Yahoo! Finance
- Splash Opens Second Vermont Location [Yahoo! Finance]Yahoo! Finance
- Home Depot's Big Buy [Yahoo! Finance]Yahoo! Finance
- Introducing Anna Ogden Coots as Home Trends & Design's New Director of Product Development [Yahoo! Finance]Yahoo! Finance
- RH (NYSE: RH) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $201.00 to $264.00. They now have a "sell" rating on the stock.MarketBeat
RH
Earnings
- 3/27/24 - Miss
RH
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- RH's page on the SEC website