Restoration Hardware (NYSE: RH) reported Q2 EPS of $0.65, $0.18 better than the analyst estimate of $0.47. Revenue for the quarter came in at $615.33 million versus the consensus estimate of $606.36 million.

Second Quarter Highlights and Outlook

• GAAP net revenues increased 13% on top of a 7% increase last year
• Adjusted net revenue increased 14% on top of a 7% increase last year
• Comparable brand revenues increased 7% compared to a 3% decrease last year
• GAAP net loss of $7.9 million compared to net income of $6.9 million last year
• Adjusted net income of $19.7 million compared to adjusted net income of $17.9 million last year
• GAAP diluted net loss per share of $0.28 compared to diluted earnings per share of $0.17 last year
• Adjusted diluted earnings per share of $0.65 compared to adjusted diluted earnings per share of $0.44 last year
• Fiscal 2017 adjusted net revenues guidance increased to range of $2.42 billion to $2.46 billion from prior net revenues guidance range of $2.4 billion to $2.45 billion
• Fiscal 2017 adjusted net income guidance increased to range of $70 million to $77 million from prior range of $60 million to $70 million

GUIDANCE:

Restoration Hardware sees FY2017 revenue of $2.42-2.46 billion, versus the consensus of $2.44 billion.

For earnings history and earnings-related data on Restoration Hardware (RH) click here.