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Company Earning Updates

RH (NYSE: RH) 2Q19 Results: Revenues Beat Consensus; Guidance Raised

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Coresight Research

Key Points

  • RH reported 2Q19 revenues of $706.5 million, up 10.3% year over year and beating the $669.3 million consensus estimate.
  • Adjusted EPS was $3.20, comfortably beating the $2.69 consensus estimate.
  • The company raised 2019 guidance on the back of this strong performance, guiding for adjusted net revenues of $2.68-2.69 billion (an increase of 7-8% year over year) and adjusted EPS of $10.53-10.76 versus prior guidance of $9.08-$9.52 and representing an increase of 25-28% year over year.

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