12.06.2015 - Restoration Hardware improved forecasts
Luxury furniture retailer Restoration Hardware announced the forecast of increase in sales and expects to receive 495-505 million dollars in revenue in the current quarter. The reason for the success were the new product lines of household goods, as well as a change from shopping malls to large showrooms. Positive for the stock also remains growth in the number of new home sales. We forecast the company's shares growth by 35-40% per year and recommend buying them in the near future.