JHVEPhoto Thesis Period: | Quarterly Type: Non-GAAP y ● EPS Estimate ● ● EPS Actual ▶ 5.00 4.00 3.00 FQ2 2025 2.00 EPS Estimate: 1.61 EPS Actual: 1.69 1.00 0.00 -1.00 FQZ 2024 FQ3 2024 FQ4 2024 FQ1 2025 FQ2 2025 FQ3 2025 (4) FQ4 2025 (4) My take is that RH (NYSE: NYSE:RH), a high-end retailer of home furnishings, has demonstrated its capability for long-term, sustainable growth going forward, even if concerns about adverse conditions in the housing market linger. As of Q2 2024, the market seems to agree, as ...

RH (RH) shares rallied 18.8% in the after-hours trading session on Sept. 12 after it reported better-thanexpected results for second-quarter fiscal 2024 (ended Aug. 3, 2024). The luxury home furnishings retailer surpassed expectations for both earnings and revenues, driven by resilient demand despite a tough housing market. Product margins turned positive, thanks to the company's ongoing investments in transforming its product lines and expanding its platform. Although growth was slower than anticipated, RH ...

Key Takeaways RH shares jumped in premarket trading Friday after the luxury home furnishing retailer reported earnings that topped Wall Street's estimates and said it continues to see robust demand. The stock sits poised to break out above the top trendline of a symmetrical triangle, potentially paving the way for a new move higher. Investors should monitor key price levels on the RH chart at $300, $335, $400, and $430, while watching the $280 area during pullbacks. RH (RH) shares soared 20% in premarket tr ...

Financial Data and Key Metrics Changes - Demand increased by 7% in Q2 2024, with July showing a 10% increase and August up 12% [5][6] - Revenue for Q2 2024 was $830 million, a 3.6% increase year-over-year, with an adjusted operating margin of 11.7% and adjusted EBITDA margin of 17.2% [7][8] - The company expects demand growth of 8% to 10% and revenue growth of 5% to 7% for the full year 2024 [18] Business Line Data and Key Metrics Changes - The product transformation plan includes the second mailing of the RH Interiors Sourcebook, which is expected to fuel demand [9] - The company plans to consolidate the RH Contemporary Sourcebook collections into the RH Interiors and RH Modern books to optimize mailing efficiency [9][10] Market Data and Key Metrics Changes - The company is gaining significant market share in North America, outperforming the industry by 15 to 25 points [6] - The anticipated rebound of the housing market is expected to benefit the company once interest rates decline [7] Company Strategy and Development Direction - The company is focused on global expansion, with plans to enter European markets such as Paris and London in 2025 and Milan in 2026 [15] - Investments are being made to elevate the online experience, with significant upgrades planned for the website [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the housing market but expects demand trends to accelerate throughout fiscal 2024 and into 2025 [16] - The company anticipates an increased backlog of approximately $80 million to $100 million due to revenue lagging demand throughout 2024 [17] Other Important Information - The company plans to open new galleries, including a significant location in Newport Beach, California, which is expected to be a major destination [13][14] - The Waterworks brand is expected to be amplified on the RH platform, with plans for a new showroom and sourcebook [11] Q&A Session Summary Question: Thoughts on product margins for the rest of the year - Management feels positive about product margins, which have inflected positively, and expects continued growth [22][23] Question: Product assortment and newness - The company has a lot of newness coming in the second half of the year and expects to reach 85% new assortment by mid to late next year [27][28] Question: Confidence in demand durability - Management is confident in the durability of initial demand trends and is monitoring the performance of new products [33]

RH (RH) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $3.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.46%. A quarter ago, it was expected that this furniture and housewares company would post a loss of $0.08 per share when it actually produced a loss of $0.40, delivering a surprise of -400%. Over the last four quarters, the c ...

Financial Performance - GAAP net revenues for Q2 2024 were $830 million, an increase of 3.6% year-over-year[1] - Net revenues for Q2 2024 reached $829.7 million, a 3.2% increase from $800.5 million in Q2 2023[12] - Net revenues for Q2 2024 were $829,655,000, slightly up from $800,479,000 in Q2 2023, a growth of 3.6%[19] - Net income for Q2 2024 was $28.9 million, a significant decrease from $76.5 million in Q2 2023, resulting in a net income margin of 3.5%[12] - Net income for the three months ended August 3, 2024, was $28,952,000, compared to $76,477,000 for the same period last year, representing a decrease of 62.1%[22] - Basic net income per share decreased to $1.57 from $3.65 in the same quarter last year[12] - Diluted net income per share for Q2 2024 was $1.45, compared to $3.36 in Q2 2023, indicating a decrease of 56.9%[18] - Adjusted net income for Q2 2024 was $33,468,000, up from $26,137,000 in Q2 2023, reflecting a growth of 28.2%[17] - Adjusted diluted net income per share for Q2 2024 was $1.69, down from $3.93 in Q2 2023, a decline of 57.0%[18] Operating Metrics - Adjusted operating margin for Q2 2024 was 11.7%, with adjusted EBITDA margin at 17.2%[1] - Adjusted operating margin for Q3 2024 is forecasted to be in the range of 15% to 16%[7] - Operating margin for the three months ended August 3, 2024, was 11.6%, down from 18.9% for the same period last year[22] - Adjusted operating margin for the three months ended August 3, 2024, was 11.7%, compared to 20.2% for the same period last year, reflecting a decrease of 42.0%[22] Expenses and Profitability - Selling, general, and administrative expenses rose to $278.6 million, representing 33.6% of net revenues, compared to 28.6% in the prior year[12] - Selling, general and administrative expenses for Q2 2024 totaled $278,630,000, an increase of 21.8% from $228,733,000 in Q2 2023[19] - Adjusted selling, general and administrative expenses for Q2 2024 were $277,769,000, compared to $218,709,000 in Q2 2023, marking a rise of 27.0%[19] - The selling, general and administrative expenses margin for Q2 2024 was 33.6%, compared to 28.6% in Q2 2023, indicating improved efficiency[19] - The adjusted selling, general and administrative expenses margin for Q2 2024 was 33.5%, up from 27.3% in Q2 2023, reflecting better cost management[19] Demand and Growth Outlook - Demand increased by 7% in Q2 2024, accelerating to 10% in July and 12% in August[2] - The company expects demand growth for fiscal 2024 to be in the range of 8% to 10% and revenue growth to be 5% to 7%[7] - A backlog of approximately $80 to $100 million is anticipated by year-end 2024 due to revenue lagging demand[7] Expansion Plans - The company plans to open a new 3,000 square foot Waterworks Showroom in Newport Beach, California, in Q4 2024[4] - RH Newport Beach is set to open in November 2024, featuring over 90,000 square feet of space and a rooftop restaurant[5] - The company aims to expand into European markets, with openings planned in Paris and London in 2025[6] - The company plans to open Design Galleries in every major market, targeting revenues of $5 to $6 billion in North America and $20 to $25 billion globally[10] - Future expansion includes launching a Waterworks Showroom and developing a Waterworks Sourcebook, with the potential for Waterworks to become a billion-dollar global brand[10] Financial Position - Total assets increased to $4,376,396 thousand as of August 3, 2024, up from $4,143,897 thousand on February 3, 2024, representing a growth of approximately 5.6%[13] - Total liabilities increased to $4,611,113 thousand as of August 3, 2024, up from $4,441,291 thousand on February 3, 2024, indicating a growth of approximately 3.8%[13] - Total current liabilities increased to $1,010,554 thousand as of August 3, 2024, from $872,868 thousand on February 3, 2024, reflecting a rise of approximately 15.8%[13] - Merchandise inventories rose to $917,331 thousand as of August 3, 2024, compared to $754,126 thousand on February 3, 2024, marking an increase of about 21.7%[13] - Accounts payable and accrued expenses increased to $495,961 thousand as of August 3, 2024, compared to $366,585 thousand on February 3, 2024, representing a growth of about 35.2%[13] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the six months ended August 3, 2024, was $67,306 thousand, down from $248,355 thousand in the prior year, reflecting a decrease of approximately 72.9%[15] - Free cash flow for the three months ended August 3, 2024, was $(37,903) thousand, compared to $114,211 thousand for the same period last year, showing a substantial drop[15] - Adjusted capital expenditures for the six months ended August 3, 2024, totaled $132,801 thousand, up from $95,555 thousand in the previous year, indicating an increase of approximately 38.9%[16] Debt and Interest - Total debt as of August 3, 2024, was $2,503,469,000, with total net debt amounting to $2,425,136,000[26] - The ratio of total net debt to trailing twelve months adjusted EBITDA was 5.5 as of August 3, 2024[26] - Interest expense—net for the three months ended August 3, 2024, was $59,262,000, an increase from $44,422,000 for the same period last year, representing a rise of 33.4%[23] Legal and Adjustments - Legal settlements in the six months ended August 3, 2024, resulted in a favorable adjustment of $10 million, impacting overall financial performance positively[17]

The Restoration Hardware Holdings Inc. logo is displayed outside a store in New York, U.S., on ... [+] Monday, Sept. 7, 2015. Restoration Hardware Holdings Inc. is scheduled to release earnings figures on Sept. 10. Photographer: Michael Nagle/Bloomberg © 2015 Bloomberg Finance LP RH is scheduled to report earnings after Thursday' close. The stock hit a record high of $744.56/share in 2021 and is currently trading near $247. The stock is prone to big moves after reporting earnings and can easily gap up if th ...

RH (RH) , formerly known as Restoration Hardware) is scheduled to release second-quarter fiscal 2024 (ended Aug. 3, 2024) results on Sept. 12, after the closing bell. In the first quarter of fiscal 2024, the company delivered tepid results, with an adjusted loss of 40 cents per share, missed the consensus mark of a loss of 8 cents by a whopping 400%. The reported figure also decreased from the year-ago period's earnings of $2.21 per share. Adjusted net revenues of $727 million slightly came ahead of the con ...

The market expects RH (RH) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock ma ...

The most recent trading session ended with RH (RH) standing at $280.30, reflecting a -1.01% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.32%. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, lost 0.85%. Heading into today, shares of the furniture and housewares company had gained 0.78% over the past month, lagging the Consumer Staples sector's gain of 5.16% and the S&P 500's gain of 1.52% in that time. The investment co ...