These Analysts Slash Their Forecasts On RH Following Downbeat Results

RH (NYSE:RH) reported weaker-than-expected fourth-quarter financial results after the market close on Wednesday.

RH reported fourth-quarter revenue of $812.41 million, missing the consensus estimate of $829.56 million, according to Benzinga Pro. The luxury retailer reported fourth-quarter adjusted earnings of $1.58 per share, missing analyst estimates of $1.92 per share.

"The important work and substantial investments we’ve made over the past two years are now resulting in meaningful share gains and significant strategic separation, positioning the RH brand to expand its leadership position across the luxury home market over the next decade," the company said in a letter to shareholders.

RH expects first-quarter revenue growth of ...

https://www.benzinga.com/25/04/44627705/these-analysts-slash-their-forecasts-on-rh-following-downbeat-results