Restoration Hardware Is Already Seeing a Strong Rebound

Restoration Hardware parent RH (NYSE: RH) reported strong first-quarter results, considering the impacts related to the ongoing COVID-19 pandemic.

Although the company's galleries, restaurants, and outlets were all closed from March 17 through the quarter that ended May 2, 2020, CEO Gary Friedman said he was optimistic in seeing a strong rebound. He said the company is resuming previously suspended capital spending and investments, because of "strong business trends and the expectation of expanded operating margins."

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Source Fool.com