Restoration Hardware Beats
Restoration Hardware (RH) reported 1st Quarter April 2021 earnings of $4.89 per share on revenue of $860.8 million. The consensus earnings estimate was $4.20 per share on revenue of $756.1 million. The Earnings Whisper number was $4.30 per share. Revenue grew 78.3% on a year-over-year basis.
The company said in its shareholders letter it expects second quarter revenue of $957.53 million to $971.7 million. The current consensus revenue estimate is $901.17 million for the quarter ending July 31, 2021. The company also said it now expects fiscal year revenue of $3.56 billion to $3.70 billion. The company's previous guidance was r revenue of $3.276 billion to $3.418 billion and the current consensus revenue estimate is $3.40 billion for the year ending January 31, 2022.
Restoration Hardware Holdings Inc, together with its subsidiaries, is a luxury home furnishings retailer that provides number of categories including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware & children’s furnishings.
RH Reports Record First Quarter Results and Raises Fiscal 2021 Outlook
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) has released its financial results for the first quarter ended May 1, 2021, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website. To view the letter and quarterly results, please visit ir.rh.com.
As previously announced, RH leadership will host a live question and answer conference call and audio webcast at 2:00 pm Pacific Time (5:00 pm Eastern Time) today. The live question and answer conference call may be accessed by dialing 866.940.6255 or 270.215.9567. The call and replay can also be accessed via audio webcast at ir.rh.com.
RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The Company offers its collections through its retail galleries across North America, the Company’s multiple Source Books, and online at RH.com, RHModern.com, RHBabyandChild.com, RHTeen.com and Waterworks.com.
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Chelsea Allen, callen@RH.com
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