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Heard on the Street: Avalanche on RH’s Luxury Mountain
Furniture seller RH’s Chief Executive Officer Gary Friedman likes to compare his company’s journey to a climb up the luxury mountain. The luxury furnishings seller reported on Thursday that revenues fell 1.7% in its quarter ended May 4, which was slightly better than the 2% decline Wall Street analysts expected. Despite the decent results, RH’s shares plunged nearly 18% Friday morning.
The Wall Street Journal•
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