RH Posts Bigger-Than-Expected Loss as Tough Housing Market Hurts Demand
RH(RH) Investopedia·2024-06-14 22:15
Key TakeawaysRH reported a quarterly loss and current-quarter sales guidance that missed estimates as the tight housing market pulled down demand.The upscale home furnishings retailer said it faced the toughest housing market in three decades, and that Federal Reserve monetary tightening will impact it through 2024 and possibly into next year.The news sent RH shares to their lowest point since last November. Shares of RH (RH) sank Friday, a day after the upscale home furnishings retailer posted a bigger-tha ...