In a moment of reckoning, upscale American furniture maker RH cut its 2025 guidance as the tariff effect continues to batter the industry.
Telsey Advisory also kept a market perform rating but cut its target price to $185 from $220, explaining that part of RH’s challenge is attributed to pressure caused from delivering backorders that customers purchased at pre-tariff prices but that are now subject to tariffs, as well as higher expenses associated with the opening of RH Paris which bowed in September.
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