RH - Ordinary Shares - Class A

NYSE:RH   3:59:59 PM EDT
+17.19 (+2.50%)
Positive Earnings Pre-Announcement

RH Q2 Adjusted Diluted Eps Increased 73% To $8.48

Published: 09/08/2021 20:30 GMT
RH - Ordinary Shares - Class A (RH) - Reports Record Second Quarter Results and Raises Fiscal 2021 Outlook.
Q2 GAAP Net Revenues Increased 39% to $989m Versus.
$709m Ly.
Q2 GAAP Diluted EPS Increased 91% to $7.09.
Q2 Adjusted Diluted EPS Increased 73% to $8.48.
Expect Revenue Growth of 31% to 33% and Adjusted Operating Margin in Range of 24.9% to 25.5% for Fiscal 2021.
Raising Roic Outlook for Year to 70% Versus Prior Outlook of 60%.
Currently Expecting Manufacturing to Restart in Vietnam in Oct With Production Ramping to Full Capacity by End of Year.
As a Result of Accelerating Demand Trends & Compounding Supply Chain Challenges, Delaying Launch of Rh Contemporary Until Spring of 2022.
Made Decision to Delay Opening of First Rh Guesthouse in New York City Until Spring of 2022.
Plans to Open New Design Galleries With Integrated Hospitality in Chicago, Jacksonville and San Francisco This Fall Remain Intact.
Q2 Earnings per Share View $6.48, Revenue View $975.4 Million -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $983.96 Million
Adjusted EPS is expected to be $6.63

Next Quarter Revenue Guidance is expected to be $929.3 Million
Next Quarter EPS Guidance is expected to be $5.85

More details on our Analysts Page.