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Shares of RH
fell slightly Friday after the luxury furniture retailer significantly missed revenue expectations in its second-quarter earnings report and slashed its full-year revenue outlook.
The chain said Thursday that it will take another $30 million hit to its forecast because of tariffs, even though the retailer stood by its full-year forecast three months ago in its first-quarter earnings report.
It now sees full-year revenues up 9% to 11%, compared with a prior outlook of 10% to 13%, and adjusted earnings before interest, taxes, depreciation and amortization margins of 19% to 20% compared with previous estimates of 20% to 21%.
