Restoration Hardware Holdings, Inc. (NYSE:RH) Q4 2018 Earnings Conference Call - Final Transcript

Mar 28, 2019 • 05:00 pm ET

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Restoration Hardware Holdings, Inc. (NYSE:RH) Q4 2018 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon. My name is Erica and I will be your conference operator today. At this time I would like to welcome everyone to the RH Fourth Quarter and Fiscal 2018 Earnings Q&A Conference Call. [Operator Instructions]. Ms. Cammeron McLaughlin, RH Investor Relations, you may begin your conference.

Executive
Cammeron McLaughlin

Thank you. Good afternoon, everyone. Thank you for joining us for RH's fourth quarter and fiscal 2018 Q&A conference call. Joining me today are Gary Friedman, Chairman and Chief Executive Officer; Ryno Blignaut, President and Chief Financial and Administrative Officer; and Jack Preston, our incoming Chief Financial Officer.

Before we start, I would like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about the outlook for our business and other matters referenced in our press release issued today. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially.

Please refer to our SEC filings as well as our press release issued today for a more detailed description of the risk factors that may affect our results. Please also note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release the results of [Technical Issues] statements in light of new information or future events.

Also during our call today, we may discuss non-GAAP financial measures, which adjust our GAAP results to eliminate the impact of certain items. You will find additional information regarding these non-GAAP financial measures and a reconciliation of these non-GAAP to GAAP measures in today's financial results press release. A live broadcast of this call is also available on the Investor Relations section of our website at ir.rh.com.

With that, I'll turn the call over to Gary for some brief opening remarks and then we'll begin our Q&A session.

Executive
Gary Friedman

Great. Thank you, Cammeron. Thank you for joining us today. Before we start, I'd like to congratulate Jack for his appointment to CFO and welcome him to his first earnings call, based on how the stock is trading in after hours, Jack has had a little baptism by fire, but he is up for the task. As you know, Jack has been in senior positions with RH for six years most recently as our Senior Vice President of Finance and our Chief Strategy Officer. In reality Jack and I have been working together for almost nine years now.

Executive
Jack Preston

That's right.

Executive
Gary Friedman

As he was a key advisor to the Company for, I think, three years prior in preparation for IPO, so it seems like it's almost ten years but in the six years that Jack has been with RH, he's had a seat at the table, participating at the most senior levels of the entire time including many of our Board meetings and I believe I speak for the entire team that, Jack, we're so proud of you and so excited