- Restoration Hardware (NYSE:RH) lowers full-year profit guidance after citing weak holiday sales.
- "Our business in November was below our expectations, which we largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned," notes CEO Gary Friedman.
- The company now sees FY16 EPS falling in a range of $1.19-$1.29 vs. $1.60-$1.80 prior and $1.63 consensus.
- Previously: Restoration Hardware beats by $0.04, beats on revenue (Dec. 8)
- RH -18.80% AH to $31.83.