RH - Ordinary Shares - Class A

NYSE:RH  
651.10
+21.45 (+3.41%)
Other Pre-Announcement

RH Expects Revenues To Lag Demand By 5 - 10 Points In Q3 And Begin To Normalize In Q4

Published: 09/09/2020 22:09 GMT
RH - Ordinary Shares - Class A (RH) - Q2 Revenue $709.3 Million Versus $706.5 Million.
Q2 GAAP Diluted EPS $3.71.
Q2 Adjusted Diluted EPS $4.90.
Q2 GAAP Operating Margin Increased 460 Basis Points to 19.3% Versus.
14.7% Ly.
Q2 Adjusted Operating Margin Increased 690 Basis Points to 21.8% Versus.
14.9% Ly.
Believe We Will Reach 20% Adjusted Operating Margin in Fiscal 2020 With Mid Single Digit Revenue Growth.
Expect Revenues to Lag Demand by 5 to 10 Points in Q3 and Begin to Normalize in Q4.
Sees Long Term Growth Targets of Net Revenue Growth of 8% to 12%.
Have Not Seen an Increase in Our Cancel Rate As a Percentage of Sales.
Believe It's Safe to Assume That Some Level of Elevated Spending on Home Will Remain Through 2021, and Possibly Beyond.
Real Estate Activity in Second Home Markets Should Drive Increased Spending in Our Market for an Extended Period of Time.
Q2 Earnings per Share View $3.41, Revenue View $707.1 Million -- Refinitiv Ibes Data (analyst estimates).
Accelerated Shift of Families Moving to Larger Suburban Homes, Should Also Drive Increased Spending in Our Market for an Extended Period of Time.
Uptick in Homebuilding, Should Also Drive Increased Spending in Our Market for an Extended Period of Time.