Upscale furniture retailer RH reported a surprising demand increase of 13% in a challenging housing market, prompting optimism despite earnings misses.
In November, RH demand soared to 24%, with December trending even higher at 30%, revealing resilient consumer interest amidst market challenges.
RH's stock has surged 68% over three months, reaching its highest point in two years, showcasing investor confidence despite recent financial results.
The discussion of a potential stock split is back on the table for RH, revisiting a promise made in March 2022 as its stock price rebounds.
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