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Restoration Hardware (RH) Fiscal 1Q18 Results: Beats on EPS and Comps, Raises Guidance

Executive Summary

  • Restoration Hardware reported 1Q18 adjusted EPS of $1.33, up from $0.05 in the year-ago period and above the $1.01 consensus estimate. Revenues were $557.4 million, down 0.8% year over year and below the $563 million consensus estimate.
  • Comps were up 1%, following a 9% increase in the year-ago quarter and topping the (1.3)% consensus estimate.
  • The company raised its FY18 EPS outlook to $6.34–$6.83, from previous guidance of $5.45–$6.20, and compared to the $5.87 consensus estimate. The company expects full-year adjusted revenues of $2.53–$2.57 billion, implying growth of 5%–7%, in line with the $2.55 billion consensus estimate.

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