RH (RH) Tops Q4 EPS by 13c, Revenue Misses, Withdraws Guidance

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RH Reports Record Fiscal 2019 Results

March 30, 2020 4:05 PM EDT

CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) today announced fourth quarter and fiscal year 2019 results. Chairman & Chief Executive Officer Gary Friedman provided an update on the Companys continued evolution and outlook in the attached letter to Our People, Partners, and Shareholders.

RH Leadership will host a Q&A conference call at 2pm PDT (5pm ET) today.

FISCAL 2019 HIGHLIGHTS:

FY GAAP NET REVENUES INCREASED +5.7% TO $2.647B
FY ADJUSTED NET REVENUES INCREASED +5.4% TO $2.647B

FY GAAP OPERATING MARGIN INCREASED 330 BASIS POINTS TO 13.7% VS. 10.4% LY
FY ADJUSTED... More