Raymond James Upgrades Restoration Hardware (RH) to Strong Buy
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Restoration Hardware (RH) Reports Preliminary Q4 Results Well Below the Street
February 24, 2016 4:14 PM ESTRestoration 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 (*** consensus is $710.9M)Comparable brand revenues increased 9% on top of a 24% increase last yearAdjusted operating... More