RH Stock: A Difficult Q1 With A Concerning Outlook
RH shares plunged 18% after disappointing earnings and are down nearly 20% for the year. Q1 results show margin weakness, with RH gross margins down and SG&A spending up. Its reaffirmed outlook raises questions, with concerns about demand, revenue growth, and management credibility, given the macro environment.
RH Q1 Loss Wider Than Expected, Revenues Decrease Y/Y
RH's first-quarter fiscal 2024 results reflect the impact of higher interest rates in April.
Why RH Stock Cratered Today
RH's sales are down, costs are up, and operating expenses have increased, leading to lower profits. The company is still profitable, but profits aren't as good as they were before, and there's no clarity as to when things will improve.
RH Posts Bigger-Than-Expected Loss as Tough Housing Market Hurts Demand
Shares of RH (RH) sank Friday, a day after the upscale home furnishings retailer posted a bigger-than-expected loss and gave soft guidance as the tight housing market squeezed demand.
These Analysts Cut Their Forecasts On RH After Q1 Results
RH RH reported mixed first-quarter financial results on Thursday.
RH (RH) Q1 2024 Earnings Call Transcript
RH (NYSE:RH ) Q1 2024 Earnings Conference Call June 13, 2024 5:00 PM ET Corporate Participants Allison Malkin - ICR, Investor Relations Gary Friedman - Chairman and Chief Executive Officer Jack Preston - Chief Financial Officer Conference Call Participants Steven Forbes - Guggenheim Securities Steven Zaccone - Citi Simeon Guttman - Morgan Stanley Max Rakhlenko - TD Cowen Curtis Nagle - Bank of America Michael Lasser - UBS Jonathan Matuszewski - Jefferies Seth Basham - Wedbush Securities Brian Nagel - Oppenheimer Operator Good day, everyone, and welcome to today's RH First Quarter Fiscal 2024 Earnings Q&A Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, RH (RH) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for RH (RH) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RH (RH) Reports Q1 Loss, Tops Revenue Estimates
RH (RH) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $2.21 per share a year ago.
RH shares fall after furniture retailer reports bigger-than-expected loss
Shares of RH fell after hours Thursday after the upscale furniture chain forecast second-quarter sales that were below expectations.
Earnings Preview: What To Expect From Restoration Hardware
RH is scheduled to report earnings after Thursday's close. The stock just hit a record high of $744.56 in 2021 and is currently trading near $277.
RH Gears Up to Report Q1 Earnings: Here's What to Expect
RH's fiscal first-quarter results are likely to reflect high mortgage rates, a soft luxury housing market and clearance pressure.
Ahead of RH (RH) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for RH (RH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
