$RH (Restoration Hardware Holdings, Inc.)

$RH {{ '2016-09-08T22:31:03+0000' | timeago}} • Webcast

On free cash flow, Peter Benedict of Robert W. Baird asks about the company's view on when cash flow could evolve in the business. $RH said the company stepped off that goal for 2016, but it feels optimistic and is an important goal for the company.

$RH {{ '2017-10-10T22:05:02+0000' | timeago}} • Announcement

$RH announced the repayment of its $100MM second lien term loan. The annualized cash interest rate was approx. 9.5%. $RH funded the repayment with borrowings on its asset backed credit facility, which bears current annualized interest of approx. 2.75%, as well as existing cash. $RH expects a $0.05 benefit to its FY17 adjusted diluted EPS.

$RH {{ '2017-10-10T20:41:50+0000' | timeago}} • Announcement

$RH repaid its $100MM second lien term loan. The annualized cash interest rate was about 9.5% as of the date of retirement. The company funded the repayment with borrowings on its asset backed credit facility, as well as existing cash on its balance sheet. $RH expects an incremental $0.05 benefit to its FY17 adjusted EPS.

$RH {{ '2017-09-07T15:47:24+0000' | timeago}} • Webcast

$RH expects to see 200-400BP of gross margin expansion in 2H17. The company believes two-thirds of this improvement will be product-related and will come primarily from the core business. The rest will come from transportation and occupancy.

$RH {{ '2017-09-07T15:47:09+0000' | timeago}} • Webcast

$RH lost roughly a week of business and a pretty significant high volume store to Hurricane Harvey and this impact is factored into its guidance. The business is slowly recovering but the company does not have much information currently on the impact in its Florida market.

$RH {{ '2017-09-07T15:35:25+0000' | timeago}} • Webcast

$RH is in the early stages of evaluating and redesigning the right supply chain for the business long-term. From an inventory perspective, the company believes there is opportunity to turn the business faster to have a greater return on invested capital. $RH is optimizing inventory as part of its efforts to build an efficient capital model.

$RH {{ '2017-09-06T21:34:24+0000' | timeago}} • Infographic

$RH Restoration Hardware Earnings AlphaGraphic: Q2 2017 Highlights

$RH {{ '2017-09-06T21:02:04+0000' | timeago}} • Announcement

For FY17, $RH is increasing its adjusted net income guidance to a range of $70-77MM, on adjusted net revenues of $2.42-2.46Bil, resulting in adjusted diluted EPS of $2.43-2.67, assuming a weighted average diluted share count of 28.8MM.

$RH {{ '2017-09-06T21:00:07+0000' | timeago}} • Announcement

For 3Q17, $RH expects adjusted net revenues of $575-590MM, adjusted operating margins of 7-7.6%, adjusted net income of $16-19MM and adjusted diluted EPS of $0.68-0.80, assuming a weighted average diluted share count of 23.7MM.

$RH {{ '2017-09-06T20:57:29+0000' | timeago}} • Announcement

$RH reported a net loss of $7.9MM or $0.28 per share in 2Q17 compared to a net income of $6.9MM or $0.17 per share in 2Q16. Adjusted net income was $19.7MM or $0.65 per share in 2Q17. Net revenues increased 13% to $615MM versus last year. Comparable brand revenues increased 7% during 2Q17.

$RH {{ '2017-07-14T16:27:20+0000' | timeago}} • Announcement

$RH has completed its $700MM share repurchase program, purchasing 12.37MM shares during 2Q17. The company is also confirming its previous 2Q17 guidance of revenue of $595-610MM and adjusted net income of $13-15MM. Adjusted diluted EPS is expected to be $0.43-0.50, assuming a weighted avg. diluted share count of approx. 30MM.

$RH {{ '2017-06-02T15:19:43+0000' | timeago}} • Webcast

$RH said the biggest change to its guidance is around margins and inventory. The company’s decision to move faster on the inventory optimization is putting pressure on margins and earnings but this also leads to higher sales and will have a good impact on cash flow.

$RH {{ '2017-06-02T14:56:39+0000' | timeago}} • Webcast

$RH said 2Q17 will have a lower margin profile than what was previously expected. The company believes that operating at fewer facilities is prudent for the business. $RH plans to accelerate some of its outlet inventory optimization further. The SKU rationalization effort will continue through 2Q17 and into 3Q17. These efforts will impact margins.

$RH {{ '2017-06-01T20:24:56+0000' | timeago}} • Announcement

For FY17, $RH raised its revenue guidance to a range of $2.4-2.45Bil. It also lowered adjusted net income guidance from a range of $65-80MM, to a range of $60-70MM. This would translate to adjusted diluted EPS of $1.67-1.94,

$RH {{ '2017-06-01T20:21:30+0000' | timeago}} • Announcement

$RH reported 23% spike in revenue in 1Q17 to $652MM. Net loss shrunk to $3.37MM, or $0.09 per share, compared to $13.47MM, or $0.33 per share in the same period last year. On an adjusted basis, $RH earned $1.8MM, compared to a net loss of $2.1MM last year.

$RH {{ '2017-05-18T20:55:56+0000' | timeago}} • Announcement

$RH appointed Prakash Muppirala as Chief Technology Officer and President of RH Digital Innovations unit. Previously, Muppirala served as SVP, Global e-Commerce at $SPLS.

$RH {{ '2017-05-15T13:28:40+0000' | timeago}} • Announcement

$RH appointed Sandra Stangl as President of New Business Development. Stangl will lead the development of future new business and growth strategies that will leverage $RH's proprietary multi-channel platform.

$RH {{ '2017-05-11T14:01:57+0000' | timeago}} • Announcement

$RH raised its 1Q17 revenue outlook to $558-562MM, compared its its previous guidance of $530-545MM. It now expects net income in the range of $1.1-1.9MM, compared to the previous guidance of $0.8-2.4MM. Adjusted EPS is expected between 3 cents and 5 cents, narrower than the previous expectation of between 2 cents and 6 cents.

$RH {{ '2017-05-04T20:55:31+0000' | timeago}} • Announcement

$RH board authorized a common share repurchase program of up to $700MM. RH anticipates that the repurchase of shares under this program could be funded with a combination of existing cash, cash flow, borrowings under existing credit facilities, and proceeds from incremental borrowing arrangements.

$RH {{ '2017-03-28T22:32:05+0000' | timeago}} • Webcast

$RH's the three biggest things that will drive growth in 1Q17 are, Waterworks is not going to be comped until the end of May. Also, the outlet and warehouse sales, the company doesn't put in comparable brand revenue. And the thing that will stay outside of comp all year is any new galleries.

$RH {{ '2017-03-28T20:40:26+0000' | timeago}} • Announcement

For 1Q17, $RH expects net revenues to grow 16-20% to $530-545MM. Adjusted net income is expected to be $0.8-2.4MM and adjusted diluted EPS is expected to be $0.02-0.06 in 1Q17. For FY17, net revenues are expected to grow 8-12% to $2.3-2.4Bil. $RH expects adjusted net income to grow 26-55% to $65-80MM. Adjusted EPS is expected to be $1.78-2.19.

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