RH - Why Home-Furnishing Retailer RH Shares Are Gaining Today | Benzinga
RH (NYSE:RH) shares are trading higher in the premarket session on Thursday.
Yesterday, the company reported fourth-quarter results, where revenues of $738.26 million missed the consensus estimate of $777.48 million.
Revenue was negatively impacted by $40 million in the fourth quarter due to the severe January weather and shipping delays related to the ongoing conflict in the Red Sea.
Read More: RH Q4 Earnings: Revenue Miss, EPS Miss, Upbeat Guidance On Accelerating Demand Trends And More
Despite the revenue miss, RH disclosed solid expansion plans for 2024, with focus on advertising.
The company expects to open five North American Design Galleries, including Cleveland, which opened last week, Palo Alto, Raleigh, Newport Beach, and Montecito, all with RH Interior Design ...