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RH – Levered to Affluence and the Affluent Are Spending

RH – Levered to Affluence and the Affluent Are Spending

By Thomas Paulson, Head of Market Insights RH reports quarterly results next week and we expect strong revenue growth of +12% ($829M). RH has seen its revenue improve each quarter this past fiscal year, after declining -16% last year (meaning 2023). Visits are up roughly 10% for the quarter which is similar to FQ3. Given the lower conversion rate of the category, these metrics are less helpful in understanding revenue, but the trend is.
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