RH - These Analysts Raise Their Forecasts On RH After Q4 Results | Benzinga
RH (NYSE: RH) posted weaker-than-expected results for its fourth quarter, but issued upbeat forecast on Wednesday.
RH reported fourth-quarter revenue of $738.26 million, which missed the consensus estimate of $777.48 million, according to Benzinga Pro. The luxury retailer reported quarterly adjusted earnings of 72 cents per share, which missed analyst estimates of $1.67 per share.
"Fiscal 2023 was a year of adversity, innovation, and investment for team RH as we faced the most challenging housing market in three decades while investing in the most compelling product transformation and platform expansion in our history,” the company said in a letter ...