RH Reports Record First Quarter 2022 Results
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Restoration Hardware (RH) PT Lowered to $520 at Jefferies
June 3, 2022 8:10 AM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Restoration Hardware (NYSE: RH) to $520.00 (from $560.00) while maintaining a Buy rating following earnings.
The analyst commented, "We view initial demand for RH Contemporary as the single most important focal point for investors over... More
RH (RH) Tops Q1 EPS by $2.40, Revenues Beat; Sees Q2 Revenue Down 1-3%, FY22 Revenue Up 0-2%
June 2, 2022 4:10 PM EDTRH (NYSE: RH) reported Q1 EPS of $7.78, $2.40 better than the analyst estimate of $5.38. Revenue for the quarter came in at $957 million versus the consensus estimate of $924.81 million.
Q1 GAAP GROSS MARGIN INCREASED 480 BASIS POINTS TO 52.1% VS. 47.3% LY Q1ADJUSTED GROSS MARGIN INCREASED 480... More