RH Soars As Investors Look Toward a Potential Recovery

The retail industry has been under considerable pressure recently, and nowhere has the damage been more evident than in the volatile movements that home-furnishings specialist RH (NYSE: RH) has experienced recently. The company formerly known as Restoration Hardware has been engaged in a long-term restructuring effort to try to regain lost momentum and find a path forward toward renewed growth, but mixed results until now have left shareholders uncertain about RH's future.

Coming into Wednesday's fiscal second-quarter financial report, RH investors wanted to see further signs of progress on key business initiatives from the company. RH's strong results were encouraging, and its positive outlook was able to convince investors that even more success for the company is likely in the long run. Let's look more closely at how RH did and what's ahead for the home-furnishings specialist in the rest of the year and beyond.

Image source: RH.

Source: Fool.com