1218 ET - RH's upcoming F4Q results will likely be solid amid market share gains, but a softer start to the year is expected, BofA Securities says in a research note. The furniture retailer could see double-digit growth continue into the 1Q, but the macro landscape has softened since the beginning of the quarter and concerns around consumer discretionary spend could set a more cautious tone for the earnings call, BofA says. The analysts also believe RH is well positioned to navigate tariffs, but warn that near-term margins could be hit by higher rates. BofA leaves its F4Q projections unchanged, but lowers 1Q sales and EPS estimates. The firm also cuts the target price to $410 from $510. RH is down 3.8% lower at $243.41. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 26, 2025 12:18 ET (16:18 GMT)
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