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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 And Revenue Jump 0 comments
    Mar 28, 2014 10:44 AM | about stocks: RH

    Originally published at www.seclive.com

    Filing in Focus: Restoration Hardware 8-K, March 27, 2014

    Restoration Hardware Holdings, Inc. (NYSE:RH) announced its financial results for the fourth quarter and full year 2013, posting a jump in earnings and revenue from a year ago. The home furnishings retailer recorded quarterly revenues of $471.7M, an 18% jump from the $398.1M last year, but was short of analyst expectations at $493.1M. Comparable store sales rose 17% while gross margins improved from 36.5% to 37.1%. Quarterly earnings rose from $24M and $0.64 per share from a year-ago to $34M and $0.83 per share, meeting analyst expectations. CEO Gary Friedman commented that the company is focused on its two main strategies to expand and transform its retail stores. To aid in the achievement of these goals the company hired Doug Diemoz to assume the role of Chief Development Officer, charged with developing the company's international growth and expansion.

    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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