- **Q: What were RH's actual Q4 earnings and revenue?
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Finance / Earnings Reports
Luxury home furnishings retailer RH (NYSE: RH) recently reported its financial results for the fourth quarter of fiscal year 2024. While the company showed year-over-year revenue growth, it fell short of Wall Street analyst expectations for...
RH concluded its fiscal year 2024 with fourth-quarter results that presented a mixed picture. The company achieved year-over-year revenue growth, reporting $812 million compared to $738 million in Q4 2023. However, this figure fell short of the $830 million anticipated by analysts tracking the company via FactSet.
The earnings per share (EPS) also disappointed investors, coming in at $1.58, whereas the market consensus centered around $1.92 per share. This marks another instance where RH's results diverged from Wall Street expectations, adding to a history that includes several revenue estimate misses over the past two years.
Despite the Q4 shortfall, RH management expressed confidence in future growth, issuing guidance that projects a 12.5% to 13.5% increase in revenue for the first quarter of fiscal 2025, and a 10% to 13% rise for the full fiscal year. Achieving this guidance will be crucial for rebuilding investor confidence. The broader context includes mixed results from competitors in the home furnishings space, indicating potential sector-wide adjustments.
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