Restoration Hardware (RH) Reports In-Line Q1 EPS; Lowers FY17 EPS View

Restoration Hardware (NYSE: RH) reported Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $562.08 million versus the consensus estimate of $558.54 million.

• Net revenues increased 23% on top of an 8% increase last year
• Comparable brand revenues increased 9% compared to a 4% increase last year
• GAAP net loss of $3.4 million compared to net loss of $13.5 million last year
• Adjusted net income of $1.8 million compared to net loss of $2.1 million last year
• GAAP diluted loss per share of $0.09 compared to loss of $0.33 last year
• Adjusted diluted earnings per share of $0.05 compared to loss of $0.05 last year

GUIDANCE:

Restoration Hardware sees FY2017 EPS of $1.67-$1.94, versus the consensus of $2.15. Restoration Hardware sees FY2017 revenue of $2.4-2.45 billion, versus the consensus of $2.41 billion.

For earnings history and earnings-related data on Restoration Hardware (RH) click here.

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