RH (RH) Tops Q2 EPS by 74c; Raises Earnings Outlook
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(Updated - September 4, 2018 4:12 PM EDT)
(updated add additional guidance, consensus)
RH (NYSE: RH) reported Q2 EPS of $2.49, $0.74 better than the analyst estimate of $1.75.
GUIDANCE:
As a result of our strong second quarter earnings, we are raising our fiscal 2018 adjusted diluted earnings per share guidance for a third time. We are now expecting adjusted diluted earnings per share for the year to be in the range of $7.35 to $7.75 up 15% from our previous guidance of $6.34 to $6.83 (*** consensus was $6.71), while slightly lowering revenue guidance by approximately 2% as we continue to prioritize earnings over revenue growth and focus on optimizing the profitability of our new operating model.
As part of raising our full year guidance, we are also raising our third and fourth quarter adjusted diluted earnings per share guidance. We are now expecting adjusted diluted earnings per share for the third quarter to be in the range of $1.15 to $1.33, up from $1.04 to $1.23 (*** consensus was $1.20), and adjusted diluted earnings per share for the fourth quarter to be in the range of $2.33 to $2.54, up from $2.16 to $2.39.
For earnings history and earnings-related data on RH (RH) click here.
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