Earnings

RH earnings Q1 2021 top estimates

0


Jason Kempin | Getty Images Entertainment | Getty Images

Shares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts’ profit and sales estimates for the fiscal first quarter.

RH also hiked its full-year outlook, building on the momentum it’s seeing in the luxury home category, and gave a stronger-than-expected sales forecast for the second quarter.

In a letter to shareholders, Chief Executive Officer Gary Friedman said the remainder of this year “will surely be a tale of two halves” for the retail industry. But he said that “the un-masking of the general public could lead to a Roaring Twenties type of consumer exuberance.”

The company’s…



Source cnbc.com

Auction of rare old Champagne could fetch $10 million

Previous article

Stock futures rise as investors await key inflation report

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings