Restoration Hardware (RH) PT Cut to $47 at Cowen
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RH Chairman and CEO Provides Business Update and Preliminary Fourth Quarter and Fiscal 2015 Results
February 24, 2016 4:10 PM ESTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. NYSE: RH) Chairman and Chief Executive Officer, Gary Friedman, today provided a business update and preliminary fourth quarter and fiscal 2015 results to shareholders.
Preliminary Fourth Quarter Results*
Demand sales/written orders increased 21% on top of 26% last year** Net revenues increased 11% to $647.2 million on top of a 24% increase last year Comparable brand revenues increased 9% on top of a 24% increase last year Adjusted operating margin of 11.5% versus... More