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Why RH Shares Plunged Thursday

·2 min read
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RH (NYSE: RH), the luxury furnishings company formerly known as Restoration Hardware, just shocked investors by slashing its outlook for its current fiscal quarter as well as the full year. RH now sees revenue dropping year over year in its second quarter and the second half of the fiscal year. Net revenue soared 32% in fiscal 2021 compared to the prior-year period.

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