RH Forecasting To End The Year With An Increased Backlog Of ~$110M-$130M Due To Revenue Lagging Demand Throughout Fiscal 2024
Portfolio Pulse from Benzinga Newsdesk
RH is forecasting to end the year with an increased backlog of approximately $110M-$130M due to revenue lagging demand throughout fiscal 2024.
June 13, 2024 | 8:46 pm
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RH is expecting to end fiscal 2024 with a backlog of $110M-$130M due to revenue lagging behind demand. This indicates potential future revenue recognition but also highlights current operational challenges.
The increased backlog suggests that RH has strong demand but is currently facing challenges in converting this demand into revenue. This could be seen as a positive for future revenue recognition but also raises concerns about current operational efficiency.
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