RH's CEO cursed on an earnings call
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On Wednesday RH, previously known as Restoration Hardware, reported a fiscal fourth-quarter adjusted profit of $1.58 per share on revenue of $812.4 million.
From Associated Press News
RH stock was down an astounding 44.1% as of 10:43 a.m. ET.
From The Motley Fool
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Earnings Call Transcript April 2, 2025 RH misses on earnings expectations. Reported EPS is $1.58 EPS, expectations were $1.91. Operator: Good day, everyone, and welcome to the RH Fourth Quarter and Fiscal Year 2024 Earnings Call.
During RH’s quarterly earnings call with analysts, CEO Gary Friedman appeared caught off guard by the sudden market reaction.
The executive also pointed out that the home furnisher has been contending with the “worst housing market in almost 50 years.”
California-based luxury home goods retailer Restoration Hardware (RH) was among the biggest losers in Thursday’s stock market rout. As of 2 p.m. Eastern Tuesday, the stock was down more than 39 percent,
2don MSN
Shares of RH fell sharply after hours on Wednesday after the luxury furniture chain’s full-year sales outlook came in shy of expectations, amid a forecast of what it characterized as a “higher-risk business environment this year” due to tariffs,
Analysts at TD Cowen slashed its target price for the American furniture-maker amid a "higher risk business environment this year due to the uncertainty caused by tariffs, market volatility and inflation risk.
Welcome to the new world, when — at least at this moment — inventory is your friend,” says the CEO of the Marin County-based seller of luxury furnishings and experiences.
RH (RH) provided the following clarifications based on the market volatility related to the reciprocal tariffs announced on April 2, 2025: “The
Good day, everyone, and welcome to the RH fourth quarter and fiscal year 2024 earnings call. I would now like to turn the call over to Ms. Allison Malkin. Please go ahead, ma'am. Thank you. Good afternoon,
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