$RH (Restoration Hardware Holdings, Inc.)

$RH {{ '2016-09-08T22:03:46+0000' | timeago}} • Webcast

On the Hanjin bankruptcy, Adrienne Yih with Wolfe Research clarifies on any inventory delays for the company due to the bankruptcy. $RH replied by saying that the company does not contract directly with them. Less than 2% of $RH's goods are on their vessels and so the company expects a very minimal impact because of that bankruptcy.

$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.

$RH {{ '2017-03-28T20:35:37+0000' | timeago}} • Announcement

$RH's comparable brand revenue, which includes direct, declined 18% in 4Q16 compared to 9% growth for 4Q15. Stores revenues decreased 4% to $306.2MM. Stores revenues represented 52% of total net revenues. Direct revenues fell 15% to $280.5MM. Direct revenues represented 48% of total net revenues.

$RH {{ '2017-03-28T20:33:02+0000' | timeago}} • Announcement

$RH reported a decrease in 4Q16 earnings. Net income was $9.4MM or $0.23 per share compared to $33.3MM or $0.79 per share in 4Q15. Adjusted net income was $2.79MM or $0.68 per share in 4Q16. Net revenues decreased 9% to $586.7MM.

$RH {{ '2017-02-27T14:13:11+0000' | timeago}} • Announcement

$RH sees FY17 revenues to build from mailing of its Fall 2016 Source Books and second mailing of RH Modern Source Book this Spring. $RH sees incremental revenues from 4 new Design Galleries opened in 2016, and 6 new Design Galleries opening in 2017. $RH sees sales to reaccelerate, operating margins to expand, and to generate free cash flow in 2017.

$RH {{ '2017-02-27T14:10:37+0000' | timeago}} • Announcement

For FY17, $RH expects to anniversary the costs related to the launch of RH Modern; benefit from the deferral of membership revenue, plus capture additional revenue from new members and renewals; and cycle its efforts to reduce inventories and rationalize its SKU count.

$RH {{ '2017-02-27T14:08:45+0000' | timeago}} • Announcement

$RH BoD has authorized a $300MM common share repurchase program. CEO Gary Friedman believes the company's shares are currently undervalued and based on the strength of its balance sheet, coupled with long-term outlook, an opportunity exists to create value for $RH's shareholders while continuing to invest in its key value-driving strategies.

$RH {{ '2016-12-09T12:14:01+0000' | timeago}} • Webcast

$RH expects new member signing in the range of 5,000-8,000 a week depending on the week and depending on what's going on with the volume. The company also said 90% of its volume is coming from members, so it don't expect that percentage to change, so it should just track with sales.

$RH {{ '2016-12-09T12:08:29+0000' | timeago}} • Webcast

Commenting on the recent team additions, $RH said it made changes in creating the President office to drive breakdown silos, drive collaboration, and priorities and decision-making. $RH also created internal Chief Merchandising Officers inside the business to control cross functional teams that had merchandising, product development and sourcing.

$RH {{ '2016-12-09T12:02:44+0000' | timeago}} • Webcast

Regarding the SKU rationalization, $RH said it is one of the few people that mail a book to its size and complexity and faced some delays through printer. Some of the company's books are mailed in bundles, but it mail a 600-page book. Printers don't have other books of that size besides phone books, so the books goes through multiple facilities.

$RH {{ '2016-12-08T21:31:27+0000' | timeago}} • Announcement

$RH now expects FY16 net revenue of $2.11-2.14Bil, representing flat to 1% growth from the prior year. This is compared to the previous revenue growth forecast of 1-3%. The company lowered its FY16 adjusted EPS guidance to the range of $1.19-1.29 from previous estimate of $1.60-1.80.

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