RH Sees FY24 Revenue Growth 8-10%, Sees Q1 Revenues Of Negative Low-Single Digits
Portfolio Pulse from Benzinga Newsdesk
RH forecasts an 8-10% revenue growth for FY24 and anticipates Q1 revenues to experience a negative low-single digit growth. This outlook suggests a cautious but optimistic view for the full year, while acknowledging near-term challenges.
March 27, 2024 | 8:11 pm
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RH anticipates an 8-10% revenue growth for FY24, but expects Q1 revenues to show negative low-single digit growth.
The forecasted revenue growth for FY24 indicates a positive outlook for RH, suggesting confidence in their business strategy and market position. However, the expected negative growth in Q1 revenues may raise concerns among investors about short-term challenges. The mixed outlook could lead to a neutral short-term impact on RH's stock price as investors weigh the optimistic full-year forecast against the near-term revenue dip.
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