RH Rallied Today -- Is It a Buy?
You can tell a lot more about a company when times are tough than when everything is going well, and that's the big story behind RH's (NYSE: RH) stock advance today. Yes, it's nice that the retailer's shares went up as much as 13.5% today, though by around 3 p.m. ET they had fallen back to a gain of roughly 5%. But it's the story behind the big early stock move that's much more interesting, because it was driven by an earnings report that requires more than a cursory examination.
The headline-grabbing news from the third quarter of 2021 was that RH managed to post record sales. The $1 billion tally was up 19% from 2020 and 49% from 2019, prior to the pandemic. The retailer also beat Wall Street consensus estimates on the bottom line, which tends to make investors happy. And another eye catcher was the company upping its full-year 2021 guidance, though RH really only narrowed the range of its guidance, lifting the bottom end and keeping the top the same.
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Source Fool.com
