Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

RH Continues Loading Up on Its Own Stock. Should You Buy Shares, Too?

TheMotleyFool

0 0

RH Continues Loading Up on Its Own Stock. Should You Buy Shares, Too?: https://g.foolcdn.com/editorial/images/747003/rh-stock.jpg

Luxury furniture company RH (NYSE: RH) announced earnings on Thursday afternoon. Its financial results continue to highlight a challenging environment for the company. Sales fell about 19% year over year, and the company's operating margin narrowed, leading to a big year-over-year drop in net income.

Of course, challenges were expected. The company's revenue actually beat management's guidance for fiscal second-quarter revenue to be between $765 million and $775 million.

But management continues to rein in investor expectations, warning in its fiscal Q2 update that the company continues

Source Fool.com

Like: 0

Share