Keep a close eye on RH. On record financial results, the company reported after the closing bell on Wednesday a strong performance demonstrating the disruptive nature of the RH brand and the power of its multi-channel business model
For the first quarter fiscal 2014, RH posted net revemues of $366.3 million, a 22% increase year over year, adjusted operating income of $14.0 million, a 204% increase compared to the same period the prior year, adjusted net income of $7.2 million, representing a 217% increase from $2.3 million in the first quarter fiscal 2013, and adjusted diluted EPS of $0.18, a 200% increase versus $0.06 during the prior year period.
RH is increasing its net revenue guidance for fiscal 2014 to grow in the range of 20% to 22%, and expects adjusted net income to grow in the range of 33% to 37%.
For fiscal year 2014, RH now expects net revenues in the range of $1.86 billion to $1.89 billion, adjusted net income in the range of $91.9 million to $94.3 million and adjusted diluted EPS in the range of $2.24 to $2.30
RH is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, bathware, d?cor, outdoor and garden, as well as baby & child products. RH operates an integrated business with multiple channels of distribution including Galleries, Source Books and websites.
More about Restoration Hardware Holdings, Inc. (RH) at www.rh.com
**
Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer