Insight Report 2 minutes PremiumRestoration Hardware (RH) 1Q16 Results: Headwinds Weigh on Outlook Coresight Research June 8, 2016 Executive Summary Restoration Hardware reported adjusted 1Q16 EPS of $(0.05), below the consensus estimate of $0.05. Total revenues were $455.5 million versus consensus of $452.3 million. Comps increased by 4% versus expectations of 6.1%. Full-year guidance calls for EPS of $1.60–$1.80 versus consensus of $2.66. Revenues are expected to increase by 1%–3% versus prior guidance for an increase in the low- to mid-single-digit range. Full-year results will be impacted by costs associated with RH Modern production delays, investments aimed at elevating the customer experience, timing issues related to the transition from a promotional to a membership model, and a more aggressive approach to rationalizing SKU count and optimizing inventory. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Key Festivals and Holidays for Promotional Campaigns in China in 2024: CalendarShoptalk Europe 2024 Startup Pitch Competition: Recap—12 Innovators, Two WinnersWalmart To Shut Down Health Centers and Virtual Care Services—Exploring The Reasons and ImplicationsEarnings Insights 2Q23, Week 2: Columbia Sportswear, Clorox, Floor & Decor and Sprouts Farmers Market Post Solid Results; Amazon Sees Online Sales Improve