Welcome to our dedicated page for RH news (Ticker: RH), a resource for investors and traders seeking the latest updates and insights on RH stock.
RH (Symbol: RH) is a premier luxury retailer in the home furnishings marketplace, recognized for its innovative approach and rapid growth. Positioned as a lifestyle brand and design authority, RH offers an extensive range of high-quality products including furniture, lighting, textiles, bathware, decor, outdoor and garden items, as well as baby and child products. The company's collections feature timeless, updated classics and reproductions curated from the finest historical designs globally.
RH operates through a sophisticated multi-channel infrastructure, leveraging its significant scale and superior product development capabilities. This integration allows RH to deliver a unique combination of design and quality, positioning it on par with world-class interior designers. The company is also expanding its reach in the hospitality sector with 16 restaurant locations, offering a blend of retail and dining experiences.
As part of its growth strategy, RH is broadening its total addressable market by expanding internationally and enhancing its digital presence through the World of RH platform. This platform showcases offerings beyond home furnishings, including future ventures into color, bespoke furniture, architecture, media, and more.
RH's innovative culture and continuous pursuit of excellence make it a dominant player in the $134 billion domestic furniture and home furnishing industry. The company's integrated approach and consistent presentation across sales channels underscore its commitment to redefining the luxury home furnishings market.
On January 10, 2023, BetterInvesting Magazine named RH Inc as its "Stock to Study" and FedEx Corp as its "Undervalued Stock" for March 2023. Ken Zendel, CEO of the National Association of Investors, emphasized long-term investment strategies and the importance of educating oneself in investing. The committee's selections serve an educational purpose and are not endorsements for purchase. BetterInvesting, a nonprofit, has educated over 5 million individuals since 1951, offering tools and resources for effective stock analysis.
RH (NYSE: RH) announced its financial results for Q3, ended October 29, 2022, in a shareholder letter from Chairman and CEO Gary Friedman. The company continues to establish itself as a leader in the luxury lifestyle market, offering a range of curated design collections across various platforms, including retail galleries and online. A live conference call is scheduled for today at 2:00 PM PT to discuss these results further. For details, visit ir.rh.com.
RH (NYSE: RH) has announced the acquisition of Dmitriy & Co and Jeup, Inc., establishing RH Couture Upholstery and RH Bespoke Furniture, respectively. The founders of both companies will join RH to spearhead these new brands. Additionally, Margaret Russell, former Editor in Chief of Architectural Digest, has been appointed as Chief Editorial Officer to lead RH Media. CEO Gary Friedman emphasized the strategic importance of these acquisitions in reinforcing RH’s presence in the luxury home furnishings market and transforming the interior design landscape.
RH (NYSE: RH) announced that CEO Gary Friedman will sell approximately 0.7 million shares related to the expiry of 1.0 million options granted in July 2013. The sale proceeds will be used for option exercise and tax obligations. After this transaction, Friedman will retain about 5.0 million shares, equating to 19% of RH's outstanding common stock. This strategic move highlights the ongoing commitment of the leadership while managing stock options.
RH (NYSE: RH) will release its third quarter fiscal 2022 financial results on December 8, 2022, after market close. The results will include a shareholder letter from CEO Gary Friedman detailing the company's performance and evolution. Shareholders can access the results and letter on the investor relations website. A live conference call will follow at 2:00 PM PT (5:00 PM ET) on the same day, available via phone and audio webcast.
TD Bank has announced a multi-year financing partnership with RH, enhancing credit card financing options for RH customers. This initiative includes a private-label credit card program offering competitive APRs, aimed at providing flexibility as consumers approach fall 2023. TD's Retail Card Services will support RH's extensive luxury home furnishings collection, promoting customer convenience and brand loyalty. Both companies align on a personalized customer relationship philosophy, expected to boost RH's market presence.
RH (NYSE: RH) announced its financial results for Q2 ended July 30, 2022, in a letter from CEO Gary Friedman. The details are available on their Investor Relations website. Additionally, RH leadership will host a live conference call today at 2:00 PM Pacific Time, accessible via phone or audio webcast. RH continues to curate luxury lifestyle products through various platforms, showcasing its collections through retail galleries and online.
RH (NYSE: RH) has launched the RH Guesthouse New York, a unique hospitality venue emphasizing privacy and luxury. The property features six guest rooms, three suites, and a top-floor penthouse occasionally available for booking. Amenities include gourmet pantries, in-room gyms, a rooftop garden, and a restaurant offering premium dishes like Wagyu ribeye. CEO Gary Friedman indicates this initiative aims to redefine luxury hospitality in a growing market focused on privacy. Located in the Meatpacking District, the hotel showcases high-end design and service standards.
RH (NYSE: RH) is set to report its financial results for the second quarter of fiscal 2022, concluding on July 30, 2022, on September 8, 2022, after market close. The release will feature a shareholder letter from CEO Gary Friedman, detailing the company's evolution and performance. A live conference call will follow on the same day at 2:00 PM PT. Investors can access the financial results and the call via RH's investor relations website.
RH (NYSE: RH) revised its fiscal 2022 outlook, forecasting net revenue growth of (2%) to (5%) and an adjusted operating margin of 21.0% to 22.0%. The company expects (1%) to (3%) growth for Q2, with a margin of 23.0% to 23.5%. CEO Gary Friedman attributes the changes to a deteriorating macroeconomic environment, including rising mortgage rates and a 18% decline in luxury home sales. RH has paused share repurchases since June 2, 2022, while focusing on long-term investments amidst expected short-term challenges.
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