RH Narrows FY23 Revenue From $3.06B To $3.08B Vs $3.08B Est.; Adj. Operating Margin 13.6%-14%
Portfolio Pulse from Benzinga Newsdesk
RH, formerly known as Restoration Hardware, has updated its FY23 revenue forecast to a range of $3.06 billion to $3.08 billion, which aligns with the higher end of the analyst estimates of $3.08 billion. Additionally, the company anticipates an adjusted operating margin between 13.6% and 14%.

December 07, 2023 | 9:15 pm
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RH has narrowed its FY23 revenue outlook to be between $3.06 billion and $3.08 billion, which is in line with analyst expectations. The company also expects an adjusted operating margin of 13.6% to 14%.
RH's updated revenue guidance is consistent with analyst expectations, which may not lead to significant stock price movement as the market has likely already priced in these figures. The precision in their operating margin forecast suggests operational efficiency, which could be viewed positively by investors. However, since there is no significant beat or miss, the short-term impact is expected to be neutral.
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