RH Lowers FY23 Adj. Operating Margin Guidance To 14.5%-15.5%
Portfolio Pulse from Benzinga Newsdesk
RH has lowered its FY23 adjusted operating margin guidance to 14.5%-15.5%.
May 25, 2023 | 8:08 pm
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RH has revised its FY23 adjusted operating margin guidance downwards to 14.5%-15.5%.
RH has lowered its FY23 adjusted operating margin guidance, which may indicate that the company expects lower profitability in the future. This news could negatively impact investor sentiment and lead to a short-term decline in the stock price.
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