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RH stock sinks, warns of challenges ahead

Yahoo Finance

Yahoo Finance Live’s Jared Smith breaks down the decline in stock for RH.

Video transcript

BRAD SMITH: And we're also watching shares of RH after the company warned of challenges ahead for the next several quarters as it battles with a slowing housing market and banking turmoil. We're going to break down those numbers actually with an analyst from Wedbush a little bit later on in the show.

You're taking a look at shares of RH, though, down by about 1.1% right now.