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Restoration Hardware (RH) 3Q17 Results: In-Line Results; Company Guides for 2018 EPS Above Consensus

Executive Summary

  • Restoration Hardware reported 3Q17 adjusted EPS of $1.04, up more than 420% year over year and beating the $1.02 consensus estimate. Revenues were $592.5 million, up 7.9% year over year and slightly ahead of consensus.
  • Comps were 6.0%, ahead of the 5.5% consensus estimate and flat versus the year-ago quarter.
  • The company’s 4Q17 and 2018 revenue guidance are in line with consensus expectations. The midpoint of the company’s 2018 adjusted EPS guidance is $5.74, above the $4.89 consensus estimate.

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