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.
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