Executive Summary

• RH reported 1Q19 revenues of $598.4 million, up 7.4% year over year and beating the $583.7 million consensus estimate.
• Adjusted EPS was $1.85, comfortably beating the $1.53 consensus estimate.
• The company raised 2019 guidance on the back of this strong performance, guiding for 2019 adjusted net revenues of $2.64-2.66 billion, an increase of 5-6%, and adjusted EPS of $8.76-9.27, an increase of 4-10%.