financetom
Business
financetom
/
Business
/
RH Stock Rallies After Better-Than-Expected Q2 Results: Details
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RH Stock Rallies After Better-Than-Expected Q2 Results: Details
Sep 13, 2024 4:51 AM

RH shares are climbing after the company reported its second-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: RH, a home furnishings company, reported quarterly earnings of $1.69 per share, which beat the analyst consensus estimate of $1.56 by 8.33%. Quarterly sales of $829.65 million beat the consensus estimate of $824.52 million and represent growth of 3.64% over the same period last year.

The company will host a conference call to discuss the results at 5 p.m. ET Thursday.

“We are pleased to report that demand was up 7% in the second quarter and has continued to inflect positive, gaining momentum each month with July finishing up 10%. Demand accelerated into the third quarter with August up 12% and product margins inflecting positive despite operating in the most challenging housing market in three decades,” commented CEO Gary Friedman.

“Our investments in the most prolific product transformation and platform expansion in our history are now resulting in RH gaining significant market share in North America while building the foundation for our long-term global expansion across Europe, Australia and the Middle East over the next decade.”

Read Next: What’s Going On With Micron Stock?

Outlook: RH adjusted its third-quarter revenue growth forecast to a range of 7% to 9% and fiscal-year revenue growth forecast to a range of 5% to 7%.

RH Price Action: According to Benzinga Pro, RH shares are up 20.43% after-hours at $309.89 at the time of publication Thursday.

Read Also:

Nvidia CEO Jensen Huang Admits ‘It’s Tense’ As Surging Demand For Blackwell Chips Sparks Customer Frustration

Image: Courtesy of RH

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PTC Therapeutics Q2 Revenue Beats Modestly, Sephience Outlook in Focus, Morgan Stanley Says
PTC Therapeutics Q2 Revenue Beats Modestly, Sephience Outlook in Focus, Morgan Stanley Says
Aug 8, 2025
11:43 AM EDT, 08/08/2025 (MT Newswires) -- PTC Therapeutics ( PTCT ) Q2 net product revenue and royalties came in modestly ahead of expectations, Morgan Stanley said in a Friday note. Morgan Stanley added that PTC Therapeutics' ( PTCT ) unchanged 2025 revenue guidance reflected some uncertainty around the contribution from new product launches. The lower end of the guidance...
Monster Beverage Q2 Upside, July Sales Growth Back Morgan Stanley's Guide for Revenue Outperformance, Analysts Say
Monster Beverage Q2 Upside, July Sales Growth Back Morgan Stanley's Guide for Revenue Outperformance, Analysts Say
Aug 8, 2025
11:38 AM EDT, 08/08/2025 (MT Newswires) -- Monster Beverage's ( MNST ) Q2 upside and strong July sales growth, among others, support Morgan Stanley's forecast for revenue outperformance, driven by strength in the energy drink category, the firm's analysts said Friday. The beverage company late Thursday reported higher-than-expected adjusted earnings and revenue for Q2 ended June 30. July sales growth...
Swiss plane maker Pilatus halts business jet deliveries to US over tariffs
Swiss plane maker Pilatus halts business jet deliveries to US over tariffs
Aug 8, 2025
ZURICH (Reuters) -Swiss aircraft manufacturer Pilatus on Friday said it has temporarily halted deliveries of its PC-12 and PC-24 business jets to the United States, saying steep new U.S. tariffs put the company at significant competitive disadvantage. The U.S. is a key market for Pilatus, accounting for around 40% of annual PC-12 and PC-24 production, said the company based in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved