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Stock impact report

RH Stock Before Q3 Earnings Release: To Buy or Not to Buy? [Yahoo! Finance]

Arhaus, Inc. (ARHS) 
Company Research Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. RH delivered stronger-than-expected results for the second quarter of fiscal 2024, which ended on Aug. 3, 2024. The luxury home furnishings retailer exceeded forecasts for both earnings and revenues by 10.5% and 0.3%, respectively, benefiting from steady demand despite challenges in the housing market. Product margins rebounded into positive territory, driven by the company's strategic investments in upgrading its product lines and expanding its platform. While growth was slower than projected, RH outperformed its industry peers by 15 to 25 percentage points, showcasing significant momentum. With increasing market share in North America and plans for international expansion, the company remains optimistic about its prospects for the second half of 2024. Meanwhile, RH does not have an impressive track record of surpassing earnings expectations. Its earnings exceeded the consensus mark in only one of the la Show less Read more
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