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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Restoration Hardware Earnings Increase 48% 0 comments
    Sep 11, 2013 11:06 AM | about stocks: RH

    Originally published at www.seclive.com

    Filing in Focus: Restoration Hardware 8-K, September 10, 2013

    Restoration Hardware Holdings, Inc. (NYSE:RH) announced its financial results for the second quarter of fiscal year 2013, reporting revenue, earnings, and expense growth. Revenues grew 30% from $292.9M this quarter last year to $382.1M this quarter while comparable store sales increased 26%. Earnings increased 42% from $12.2M to $19.8M, with earnings per share up from $0.33 to $0.49. Despite the earnings and revenue growth, Restoration Hardware sustained a $27.8M operating loss due to charges and costs related to its return to the market in November 2012. The company is cutting costs by reducing its mailings to an annual catalog mailing in the spring.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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