RH Q3: Despite Market Challenges, Revenue Surges

RH, a luxury home furnishings company, reported a 9% revenue increase in Q3, despite a challenging housing market. The growth was driven by gaining market share from smaller competitors. However, adjusted earnings per share fell short of expectations due to higher tariff costs. The CEO emphasized operational achievements, such as reducing inventory and generating positive free cash flow. RH plans to launch a new product collection and monitor international gallery performance, while managing tariff and supply chain challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.