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3 Numbers Spell More Upside for RH Stock

·4 min read
3 Numbers Spell More Upside for RH Stock

RH (NYSE: RH), formerly known as Restoration Hardware, recently reported stellar fiscal first-quarter earnings that sent its shares surging more than 10% as of this writing. While the stock has already climbed 340% just over the last three years, there are three important numbers from the earnings report that explain why investors are enthused by RH's performance, and why the stock could still have more gains in store. RH's fiscal first-quarter (the three months ended May 1, 2021) revenue was impressive enough, increasing 78% year over year to reach $860.8 million.