RH shares are trading lower after the company issued a cautious outlook, saying it expects the luxury housing market and broader economy to remain challenging through 2023. The company also issued soft Q3 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
RH shares are trading lower following the company's cautious outlook for the luxury housing market and broader economy through 2023. The company also issued soft Q3 revenue guidance.
September 08, 2023 | 1:48 pm
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RH shares are expected to face downward pressure due to the company's cautious outlook and soft Q3 revenue guidance.
RH's cautious outlook for the luxury housing market and broader economy, along with its soft Q3 revenue guidance, are likely to negatively impact investor sentiment and put downward pressure on the stock in the short term.
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