div > div.group > p:first-child"> Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations.
RH said it will continue to reshape the company and promote it as a high-end lifestyle brand, saying"Leaders have to comfortable making others uncomfortable." RH also noted disappointing fourth-quarter results of Waterworks, the luxury kitchen and bath brand RH acquired in 2016. Its performance forced RH to take additional impairment charges.
Revenue, however, inched up only slightly to $670.9 million from $670.3 million a year ago, and was below estimates of $686.3 million.
Pays too much for the stupid catalog that weighs a thousand pounds
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shares of Canadian pot company Cronos slide after revenue disappointsShares of Canadian pot company Cronos slid 5 percent Tuesday after reporting disappointing fourth-quarter revenue. Bogus! Anyone really shocked? All the weed stocks are overly inflated Coors cannabis JV partner HEXO sales hellaciously higher than CRON. 🍺
Read more »