RH: More Confidence That Growth Can Inflect Upwards This Year
RH(RH) Seeking Alpha·2024-07-16 22:53
Morsa ImagesInvestment overview I wrote about RH (NYSE:RH) previously (18 January 2024) with a buy rating as I was positive that RH can continue to win share due to its scale advantage against subscale players. I have become more optimistic about RH seeing growth inflection this year, as there are macro indicators that suggest so. Moreover, RH’s current growth strategy (launch of the sourcebook and opening of galleries) should drive up visibility for new products, setting it up well to take advantage of ...