Reported 26 days ago
RH stock experienced a significant 20% increase after the luxury home furnishings retailer reported a 7% rise in customer demand for its fiscal second quarter. In a shareholder letter, RH highlighted a continued acceleration in demand, projecting growth for the remainder of the year despite the tough housing market. Investors responded positively, with the company's adjusted earnings surpassing expectations, leading to optimism about future performance.
Source: YAHOO