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0 0 0.000144470395608105 -0.0127856300113169 -0.000144470395608105 0.000409332787556322 -0.00520093424189152 0.000313019190484206
Stock impact report

Fresh off a hot quarter, RH opens its biggest Gallery yet [Yahoo! Finance]

RH (RH) 
Last rh earnings: 3/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
RH chairman, CEO and impresario-in-chief Gary Friedman was in a buoyant mood on the company's earnings call last week—and for good reason. Despite a stubborn housing market, the retailer formerly known as Restoration Hardware was reporting pretty darn good numbers. What's more, Friedman had some new milestones to crow about, including the first stand-alone RH Interior Design Studio (in Palm Desert, California) and the biggest-ever RH Gallery (in Newport Beach). The weather is improving on the luxury mountain. First, the money news. RH's net revenue popped up to $812 million, 8 percent higher than where it had been during the same time last year—and of that figure, $33 million fell to the bottom line as profit. Demand growth was also up to 13 percent for the quarter. The numbers, Friedman said, reflect the company's strategy of doubling down during the most recent home goods slump: “We believe the important investments we are making during this depressed housing cycle are creating a Show less Read more
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