RH Raises Low End Of FY23 Revenue Guidance From $3.04B To $3.1B Vs $3.07B Est.; Sees Q3 Revenue $740M-$760M Vs $772.87M Est.; Sees Q4 Revenue $760M-$800M
Portfolio Pulse from Happy Mohamed
RH has raised the lower end of its FY24 revenue guidance from $3.04B to $3.1B, against an estimate of $3.07B. The company expects Q3 revenue to be between $740M-$760M, lower than the estimated $772.87M, and Q4 revenue to be between $760M-$800M. The company also anticipates increased advertising costs of approximately $50M in Q3 2023.
September 07, 2023 | 8:12 pm
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RH has raised its FY24 revenue guidance, but expects lower Q3 revenue than estimated. Increased advertising costs are also anticipated in Q3 2023.
RH's decision to raise its FY24 revenue guidance indicates a positive outlook for the company's performance. However, the lower than estimated Q3 revenue and increased advertising costs could potentially impact the company's profitability in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100