RH (RH) Tops Q1 EPS by $2.40, Revenues Beat; Sees Q2 Revenue Down 1-3%, FY22 Revenue Up 0-2%
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RH Reports Record First Quarter 2022 Results
June 2, 2022 4:06 PM EDTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) has released its financial results for the first quarter ended April 30, 2022, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at... More
RH Announces Increase to Share Repurchase Authorization
June 2, 2022 4:05 PM EDTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) today announced that its Board of Directors has authorized an additional $2.0 billion for the purchase of shares of its outstanding common stock under its common share repurchase program. Such share repurchase authorization is effective immediately and is in addition to the previous share repurchase program which has $450 million remaining.
Gary Friedman, Chairman and Chief Executive Officer, commented, We continue to believe our shares are undervalued and this new repurchase authorization reflects our confidence in the outlook for our business over time. While there are... More
