5 Earnings Reports Everyone is Talking About

2. RH (NYSE:RH)

Number of Hedge Fund Holders: 58

RH (NYSE:RH) recently announced a better-than-expected profit for its fiscal fourth quarter. However, the home-furnishings company’s quarterly sales were below expectations, sending its shares down more than six percent in the pre-market trading session on Wednesday, March 30, 2022.

RH (NYSE:RH) earned $5.66 per share on an adjusted basis, beating estimates of $5.58 per share. On the downside, revenue came in at $903 million, up 11 percent on a year-over-year basis but below the consensus of $931.78 million.

For the current quarter, RH (NYSE:RH) expects its revenue to grow in the range of 7 – 8 percent versus the same period of 2021. For its fiscal 2022, it projected revenue growth between 5 – 7 percent on a year-over-year basis.

Addressing shareholders in a letter, RH (NYSE:RH) said:

“RH continues to set a new standard for financial performance in the home furnishings industry and our results now reflect those of the luxury sector as adjusted operating margin reached 25.6% in 2021, up 1,130 basis points versus 2019, reflecting the strongest two-year growth in our sector.”