RH Q4 Earnings: Revenue Miss, EPS Miss, Upbeat Guidance On Accelerating Demand Trends And More
Portfolio Pulse from Adam Eckert
RH reported Q4 earnings with revenue of $738.26 million and EPS of 72 cents, both missing estimates. The company cited severe weather and shipping delays as factors. Despite the miss, RH provided upbeat guidance for 2024, expecting demand growth of 12% to 14% and revenue growth of 8% to 10%. Shares fell initially but were up 3.16% after hours.
March 27, 2024 | 8:53 pm
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POSITIVE IMPACT
RH missed Q4 revenue and EPS estimates but provided positive guidance for 2024, expecting significant demand and revenue growth.
Despite missing Q4 expectations, RH's optimistic guidance for 2024, including expected demand and revenue growth, likely contributed to the positive after-hours stock movement. The company's strategic positioning and expansion plans may reassure investors about its long-term prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100