RH Q1 sales soar 78% (chainstoreage.com)

RH reported first-quarter sales and earnings that beat expectations and raised its full-year forecast, expressing confidence that its strong performance will continue through the rest of the year and in 2022 and beyond.

The luxury home furnishings company (formerly known as Restoration Hardware) cited a number of factors for its positive outlook, including a strong housing and renovation market (both with pent up demand and a long tail), a record stock market, low interest rates and the reopening of several large parts of the economy. It will also launch the largest new product introduction cycle in its history, beginning this fall.

“Additionally, the un-masking of the general public could lead to a Roaring Twenties type of consumer exuberance,” CEO Gary Friedman wrote in his quarterly letter to shareholders.
more detail at: https://chainstoreage.com/rh-q1-sales-soar-78-will-open-uk-paris-2022

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