RH targets 9%–9.2% revenue growth and $250M–$300M free cash flow for fiscal 2025 while innovating amid challenging housing market
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RH targets 9%–9.2% revenue growth and $250M–$300M free cash flow for fiscal 2025, despite challenges in the housing market. Q3 revenue grew 9%, with adjusted operating margin at 11.6% and free cash flow at $83 million. RH plans international expansion, impacting margins negatively. Inventory reduced by 11% year-over-year. RH Paris launch boosts brand awareness. CEO emphasizes innovation amid uncertainty, with new concepts launching next year.
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