Wayfair and RH Couldn't Be More Different, but 1 Just Took a Page Out of the Other's Book. 3 Things Investors Need to Know
Founded in 2002, (NYSE: W) is an e-commerce platform that intends to provide shoppers with an extensive offering of home products at attractive prices. RH (NYSE: RH) also offers home furnishings and decor, but it focuses on a luxury experience for affluent shoppers, allowing the company to command higher profit margins.
Granted, RH's financials took a step back in its fiscal 2023 (ended Feb. 3). The company's net revenue fell nearly 16% for the year, while its operating margin shrank eight percentage points to 12.1%.
But according to management, some of these declines are a result of their plan. The company wants to expand beyond luxury home goods to various areas of hospitality, including overnight accommodations and foodservice.
Source Fool.com
Wayfair Inc. Stock
With 37 Buy predictions and 1 Sell predictions Wayfair Inc. is one of the favorites of our community.
As a result the target price of 72 € shows a slightly positive potential of 16.71% compared to the current price of 61.69 € for Wayfair Inc..
