RH (RH) Revenue Ramps 39% as Q2 Results, Outlook Easily Beat the Street

RH (NYSE: RH) delivered strong second quarter results, with EPS coming in at $8.48, beating the Street estimate of $6.44. Quarterly revenue increased 39% to $989 million, better than the consensus estimate of $974.12 million.

The luxury home goods retailer raised its full 2021-year revenue growth estimates to 31%-33%, versus the prior outlook of 25%-30%.

According to the company, its demand growth has accelerated during the third quarter on a two-year basis and has continued to build momentum despite continued supply chain challenges that have been magnified by the spread of the Delta variant.

Further, the company said fiscal 2022 is shaping up to be "the most exciting year on record."

Shares of RH are up 0.8% after-hours Wednesday.

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