Our global supply chain has not fully recovered from the impact of the COVID-19 dislocation." "As our business has strengthened during the second and third fiscal quarters, the lag in inventory receipts together with dislocations in our supply chain has resulted in some delays in our ability to convert business demand into revenues. Housing has been a bright spot and overall asset price appreciation has created more wealth of the asset owning class to be able to afford items just like that cool Porthole Bar pictured above.ĭemand has been so hot for their products that in their recent quarterly results, they noted back in December they had more orders than they could handle as inventory was difficult to acquire: This melt-up in the share price is part of the overall market surge, but RH happens to be in a business that has not been negatively impacted by the lockdown measures giving some justice to the strong performance. Shares have exploded higher since last spring, rising to over $500 a share from under $100. Here is a long term chart of the share price of RH: Revenues have grown from $772 million in 2013 to over $2.7 billion in the most recent 4 quarters. This niche has served RH well over the years. Where else are you going to find something like this? RH has products for sale like this very cool Porthole Bar modeled on a 1920s industrial sphere.
They have both stores, or galleries as they call them, and a strong online presence. RH ( NYSE: RH) has a wonderful niche of catering to the more wealthy home buyer to help furnish their homes with an inventory of furnishings not found in the typical furniture store. Home furnishing comes to mind as such an industry that should be a nice beneficiary to the housing boom happening in the US as many are leaving cities and moving to both the suburbs and small towns. They say, when there is war, invest in the company that sell the bullets or to invest in the company that makes shovels during a gold rush.
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