RH - What's Going On With RH Stock On Friday? | Benzinga
RH (NYSE:RH) shares are trading lower in the premarket session on Friday. In the first-quarter financial results reported after the closing bell, the luxury retailer flagged a “constantly changing outlook” regarding monetary policy.
In fact, the company expects the problem to continue to weigh on the housing market through the second half of 2024 and possibly into 2025.
Check This Out: Luxury Retailer RH Stock Falls After Q1 Results: Here’s Why
RH forecasted it will end the year with an increased backlog of approximately $110 million to $130 million due to revenue lagging demand throughout ...