Now what: Management also expects adjusted operating margin to fall 120 basis points in Q4 while comparable brand growth is expected to increase just 9%. "When we pause and think about the current market uncertainty," wrote Chairman and CEO Gary Friedman in a letter to shareholders, "our bias is to de-risk our strategy in the short term, focus on sharpening execution in our core business, and continue to invest in the important long-term strategies that will continue to fuel our growth and strengthen our brand." Of course, with the shares now off a whopping 65% from their 52-week highs, management has plenty of work ahead in regaining investor confidence.
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The article Why Restoration Hardware Holdings Inc Shares Crashed originally appeared on Fool.com.
Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Restoration Hardware. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
