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Top related persons:
Brendan McDermid - 1 Gary Friedman - 1 Jonathan Matuszewski - 1 Chibuike Oguh - 1 Lance Tupper - 1 Mark Porter - 1
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Search resuls for: "Jonathan Matuszewski"


2 mentions found


☆ US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast
  + stars: | 2023-09-08 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. RH after the closing bell on Thursday forecast third-quarter revenue of $740 million-$760 million, below the average Wall Street analyst estimate of $772.87 million according to LSEG data. RH's stock fell more than 15% to $312.95, its biggest daily drop since March 2020. Multiple analysts, including from Citigroup, UBS and Wedbush, slashed their price targets for RH's shares following the report. The median Wall Street price target for RH's shares is $340 with a current recommendation of "Hold," LSEG data showed.
Persons: Brendan McDermid, Gary Friedman, Jonathan Matuszewski, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: New York Stock Exchange, REUTERS, Citigroup, UBS, Wedbush, JPMorgan, Jefferies, Thomson Locations: New York City, U.S, United States, New York
☆ Consumer spending is slowing, but there are still pockets of strength in these three sectors
  + stars: | 2022-07-28 | by ( Robert Hum | ) www.cnbc.com   time to read: +4 min
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. "Travel demand surged in the second quarter, and thus far, strong demand trends continue in the third quarter," CEO Bob Jordan said. Credit card companies have been showing no signs of a letup in consumer spending, too. Remember, American Express reported very strong travel and entertainment spending . And here's the key line in the release from CEO Michael Miebach who said, "Increasing inflationary pressures have yet to significantly affect overall consumer spending."
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