RH - Class A

NYSE: RH
$243.37
-$8.48 (-3.4%)
Closing price April 25, 2024
RH, previously known as Restoration Hardware, is a premium retailer specializing in home furnishings. Its offerings span furniture, lighting, textiles, bathware, décor, and more, catering to both adults and children. RH showcases its products through a network of retail galleries, several websites, and Waterworks showrooms in the US and UK. Beyond physical stores, RH also reaches customers through its Source Books catalogs. Headquartered in Corte Madera, California, RH has established a distinctive presence in the home luxury market.
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After RH released updated guidance for its fiscal third quarter after the markets closed on Wednesday, the stock hit a new 52-week high in Thursday’s session.
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Restoration Hardware shares on Friday sank despite a better-than-expected fiscal third-quarter report.
Restoration Hardware admitted to short-term weakness in the future that some would think should send the shares lower. However this was not the case.
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