RH (RH) Announces the Following Strategic Acquisitions and Hires to Accelerate the Brand’s Transformation

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Go back to RH (RH) Announces the Following Strategic Acquisitions and Hires to Accelerate the Brand’s Transformation

RH (RH) rises on earnings, revenue beat - warns on housing weakness

December 9, 2022 11:29 AM EST

RH (NYSE: RH) shares rose Friday on the back of its third-quarter earnings release in which it beat analyst consensus estimates.

The home-furnishings company reported third-quarter adjusted earnings per share of $5.67, $0.91 better than the analyst estimate of $4.76. Revenue for the quarter came in at $869 million versus the consensus estimate of $841.93 million.

However, net revenues fell from the $1.006 billion reported last year, while its adjusted earnings per share were also down from $7.03 last year.

In its earnings call, RH CEO Gary Friedman... More