RH Gives Good Reason To Get Defensive

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ValueWalk

RH Confirms Retail Trends Are WorseningRH (NYSE:RH) was one of the biggest winners from the pandemic boom and now it is one of the biggest losers of the pandemic bust. More importantly, because of when it reports in the reporting cycle, it has provided insight into the upcoming quarter and what to expect from guidance among S&P 500 companies. The company shocked the market with its earnings report just a month or so ago, not because it missed expectations but because it lowered its outlook on softening demand trends, loss of market share, and other near-term headwinds to growth. Now, the compa…

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