Restoration Hardware Beats
Restoration Hardware (RH) reported 2nd Quarter July 2021 earnings of $8.48 per share on revenue of $988.9 million. The consensus earnings estimate was $6.58 per share on revenue of $972.7 million. The Earnings Whisper number was $6.76 per share. Revenue grew 39.4% on a year-over-year basis.
The company said in its shareholders letter it expects fiscal 2022 revenue of $3.73 billion to $3.79 billion. The company's previous guidance was revenue of $3.56 billion to $3.70 billion and the current consensus revenue estimate is $3.68 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 Second Quarter Results and Raises Fiscal 2021 Outlook
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) has released its financial results for the second quarter ended July 31, 2021, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at ir.rh.com.
As previously announced, RH leadership will host a live conference call and audio webcast at 2:00 pm Pacific Time (5:00 pm Eastern Time) today. The conference call may be accessed by dialing 866.940.6255 or 270.215.9567 for international callers. 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 collections through its retail galleries, 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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