Restoration Tops Q1 Estimates, Lift FY Guidance (RH)

Restoration Hardware Holdings Inc. (NYSE: RH) reported late on Thursday that its fiscal first-quarter loss narrowed due to decline in expenses and higher revenue. Adjusted earnings and revenue also topped Street’s estimates.

Shares soared 10.45% in aftermarket trading as the Company provided upbeat guidance for the current quarter and upwardly revised its full-year outlook.

For the fiscal first quarter, the Corte Madera Calif. based Company reported a loss of $0.16 million down from a loss of $3.73, in the same quarter of last year.

On adjusted basis, the Company reported it earned 6 cents a share compared to a loss of 4 cents a share, in the year-earlier quarter. Analysts surveyed by Thomson Reuters were expecting earnings of 4 cents a share.

Revenue soared 38% to $301.34 million from $217.92 million, in the same quarter of last year. Analysts’ consensus estimate was for revenue of $299.13 million.

Comparable-store-sales soared 41%, having increased 26% in the year earlier quarter.

Selling, general and administrative expenses fell 33.6% from 35.5%, in the same quarter of last year.

For the fiscal second quarter, the Company anticipates adjusted earnings of 40 cents to 42 cents a share on revenue of $375 million to $380 million. Analysts’ consensus estimate was for earnings of 39 cents a share on revenue of $354.83 million.

For the full fiscal year, the Company now expects adjusted earnings to be in the range of $1.41 to $1.47 a share on revenue of $1.47 billion to $1.51 billion. Analysts’ consensus estimate was for $1.40 a share on revenue of $1.48 billion.

Earlier the Company provided earnings guidance of $1.29 to $1.37 a share on revenue of $1.42 billion to $1.45 billion.

 

 

 

edliston

edliston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.