RH Defies Furniture Market Downturn And Promises 2025 Will Be Bigger, Better [Forbes]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: Forbes
San Francisco Chronicle via Getty Images Luxury home furniture and furnishings dynamo RH just announced third quarter revenues are up 8% to $812 million and demand for its core RH brand up even more to 14% through October. This contrasts against the furniture and home furnishings retail sector which is down 3.3% through November, making it the biggest loser across all retail. And at the luxury end of the market, global revenues in 2024 retreated 2% from last year, according to Bain In the most recent earnings call, CEO Gary Friedman promised bigger and better things next year with more Gallery openings, including London and Paris, aggressive moves to disrupt the staid to-the-trade interior design business and the launch of an RH brand extension that will “meaningfully expand” the company's market size and share. Investors liked what they heard. RH stock price rose from under $300 at the first of the year to well over $400 after the earnings call. Market Share Gains To und
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W
Earnings
- 11/1/24 - Beat
W
Sec Filings
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- 12/20/24 - Form 144
- W's page on the SEC website