RH (RH 13.97%) -- formerly known as Restoration Hardware -- is thriving even as the housing market stumbles. That's the gist of why investors poured into the stock today. It wasn't the luxury retailer's third-quarter results that had its stock soaring as much as about 20% Friday morning, though.Its comments about the current quarter and future outlook have investors piling into RH shares. While the stock pared some of Friday morning's gains, it remained higher by 14.1% as of 10:38 a.m. ET. That has now give ...

Core Insights - RH's shares increased by 17.7% in after-hours trading despite missing earnings expectations for Q3 fiscal 2024, driven by strong revenue growth and resilient demand in a challenging housing market [1][5] Financial Performance - Adjusted earnings per share for Q3 were $2.48, missing the consensus estimate of $2.67 by 7.1%, but improved from a loss of $1.33 per share in the previous year [5] - Net revenues reached $811.7 million, exceeding the consensus estimate of $810.9 million, and grew by 8.1% year-over-year [6] - Demand for RH's products increased by 14% in Q3, with a notable rise to 24% by the end of November [6] - Gross margin contracted by 80 basis points to 44.5%, while adjusted operating margin expanded by 770 basis points year-over-year to 15% [7] Demand and Market Share - Total demand growth for Q3 was 13%, with November showing an acceleration to 18% [3] - RH gained market share by 15-25 points in Q3, with expectations of a further increase of 25-45 points in Q4 [3] Guidance and Future Outlook - The company raised its full-year guidance for demand growth to between 9.9% and 10.4%, and revenue growth to between 6.8% and 7.2% [4][11] - For Q4, demand growth is expected to be between 20% and 22%, and revenue growth between 18% and 20% [14] Product and Platform Expansion - RH is enhancing its product offerings with significant updates to its Sourcebooks and collections, including the introduction of 54 new collections in November [15] - The company is expanding its physical retail presence with new galleries, including a 90,000-square-foot gallery in Newport Beach expected to generate over $100 million in revenue [17] Balance Sheet and Cash Flow - Cash and cash equivalents at the end of Q3 were $87 million, down from $123.7 million at the end of fiscal 2023 [8] - Net debt stood at $2.53 billion, with a net debt-to-adjusted EBITDA ratio of 4.9x [9]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysRH shares are jumping in premarket trading Friday after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter.CEO Gary Friedman said gains came despite a weak housing market.RH lifted its sales growth forecast at both the low and high ends of its range. RH (RH) shares jumped premarket after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter. The company is forecasting revenue grow ...

RH (NYSE:RH) Q3 2024 Earnings Call Transcript December 12, 2024 5:00 PM ET Company Participants Allison Malkin - IR, ICR Gary Friedman - Chairman and CEO Jack Preston - CFO Conference Call Participants Michael Lasser - UBS Christopher Horvers - JPMorgan Steven Zaccone - Citi Steven Forbes - Guggenheim Max Rakhlenko - TD Cowen Curt Nagle - Bank of America Seth Basham - Wedbush Securities Andrew Carter - Stifel Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Zach Fadem - Wells Fargo Operator Hello, ...

RH (RH) reported $811.73 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 8.1%. EPS of $2.48 for the same period compares to -$0.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $810.9 million, representing a surprise of +0.10%. The company delivered an EPS surprise of -7.12%, with the consensus EPS estimate being $2.67.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35720 (Exact name of registrant as specified in its charter) Delaware 45-3052669 (State or other jurisdicti ...

| --- | --- | |-------------------------------------------------------------------------|-------| | | | | | | | | | | THIRD QUARTER 2024 FINANCIAL RESULTS AND SHAREHOLDER LETTER | | A LETTER FROM OUR CHAIRMAN AND CEO RH REPORTS THIRD QUARTER RESULTS THIRD QUARTER 2024 HIGHLIGHTS GAAP Net Revenues of $812M, up 8.1%, GAAP Operating Margin of 12.5%, Adjusted Operating Margin of 15.0% GAAP Net Income of $33M, Adjusted Net Income of $49M, Adjusted EBITDA Margin of 20.8% Q3 Total Demand Growth increased 13%, RH B ...

RH (RH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move ...

RH (RH) closed the most recent trading day at $385.64, moving -0.9% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq increased by 0.63%.Shares of the furniture and housewares company witnessed a gain of 19.99% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.3% and the S&P 500's gain of 3.15%.Investors ...