RH bumps up projections primarily based on sturdy Q1 report

CORTE MADERA, Calif. — RH posted a 78.3% enhance in revenues within the first quarter of 2021, prompting CEO Gary Friedman to regulate fiscal forecasts to replicate the heightened trajectory.

“Whereas fiscal 2021 will certainly be a story of two halves, there are a lot of information factors that lead us to really feel optimistic that our sturdy efficiency will proceed by the second half of 2021 with progress reaccelerating in fiscal 2022 and past,” Friedman wrote in a letter to shareholders. “These embrace a powerful housing and renovation market, each with pent up demand and an extended tail, a

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