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Why RH Is Running 15% Higher This Week

TheMotleyFool 
0 0 10.06.21
Why RH Is Running 15% Higher This WeekPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Shares of RH (NYSE: RH) were running over 14% higher this week after the luxury home furnishings company formerly known as Restoration Hardware reported earnings yesterday after the market closed.

RH stock had been trending lower in June before the earnings report, but first-quarter sales and profits hit record levels, leading the interior designer to raise its second-quarter and full-year guidance.

Image source: RH.

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Source Fool.com

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