The company’s confident outlook sent RH shares soaring more than 17 percent in Friday trading, outperforming the NYSE index, which traded down 0.17 percent midday.reported swung to a net profit $33.2 million, or $1.66 a share, for the three months ended Nov. 2, compared with a loss of $2.2 million, or 12 cents a share a year earlier. Revenues rose 8.1 percent to $811.7 million in the third quarter.
During the conference call RH chief executive officer Gary Friedman highlighted plans to enlarge the company’s assortment and also hinted at altering its pricing strategy.
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