RH stock surges as customer demand accelerates [Yahoo! Finance Canada]
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
Company Research
Source: Yahoo! Finance Canada
RH said in its shareholder letter released Thursday that demand was up 7% in its fiscal second quarter ending Aug 3 from the year earlier period. Demand refers to the dollar value of customer orders placed in a given period. RH recognizes revenue from the orders when customers receive the merchandise. The company added in the letter that "demand accelerated into the third quarter with August up 12% and product margins inflecting positive despite operating in the most challenging housing market in three decades." RH has struggled as the housing market has stood at a relative standstill amid low inventory, record home prices and high interest rates . The dynamic has kept buyers and sellers alike on the sidelines. That means homeowners are putting off buying new furniture and undertaking new renovations. Recently, mortgage rates have drifted downward as investors bet on a rate cut from the Federal Reserve as inflation slows. The central bank will announce its next policy decision
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RH
News
- RH (NYSE: RH) had its "underperform" rating re-affirmed by analysts at BNP Paribas. They now have a $253.00 price target on the stock.MarketBeat
- ReallyVeryCrunchy Shares Her Secrets To Decorating A Crunchy Home [Forbes]Forbes
- Splash Car Wash Opens Its 65th Site [Yahoo! Finance]Yahoo! Finance
- RH Announces the Opening of RH Raleigh, The Gallery at North HillsBusiness Wire
- RH: Ambitious Luxury Vision Meets Liquidity Issues - Why I Sold [Seeking Alpha]Seeking Alpha
RH
Earnings
- 9/12/24 - Miss
RH
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- RH's page on the SEC website