RH (NYSE: RH) reported Q1 EPS of $4.89, $0.79 better than the analyst estimate of $4.10. Revenue for the quarter came in at $860.8 million versus the consensus estimate of $757.65 million.

Based on current business trends, we are raising our outlook for revenue growth in fiscal 2021 to a range of 25% to 30% versus our prior outlook of 15% to 20%. We now expect adjusted operating margin in the range of 23.5% to 24.3%, an increase of 170 to 250 basis points versus our prior outlook of 100 to 200 basis points, with ROIC in excess of 60%.

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