RH Reports Record Performance: Non-GAAP EPS Beats Expectations by $0.14 and Revenue Beats by $12.79M

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RH ($NYSE:RH), formerly known as Restoration Hardware, recently reported record performance in its latest quarter. Its non-GAAP earnings per share of $2.21 exceeded analysts’ estimates by $0.14, while its revenue of $739.16M surpassed expectations by $12.79M. The company’s strong performance is a reflection of their success as a lifestyle brand, offering furnishings, textiles, décor, outdoor and garden products, as well as baby & child products. Recently, RH has made a number of strategic acquisitions and investments that have not only helped to improve their revenue but also expand their customer base.

Additionally, they have also implemented new technologies such as 3D design and virtual reality to enhance their customer experience. As a result, they have seen their stock price increase significantly this year. Overall, RH’s impressive results are indicative of the company’s strong financial health and their commitment to delivering products and services that customers love. Investors should be encouraged by RH’s successful quarter and the potential for continued success in the future.

Earnings

RH recently reported record performance in its FY2023 Q4 as of January 31 2023. The company earned a total revenue of $772.5M USD and a net income of $106.9M USD. Compared to the previous year, this marks a 14.4% decrease in total revenue and a 27.3% decrease in net income.

Over the course of the last three years, RH has seen a significant decrease in total revenue from $812.44M USD to $772.5M USD. Despite this decrease, their Non-GAAP EPS was able to exceed expectations by $0.14 and their revenue beat expectations by $12.79M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rh. RH_Reports_Record_Performance_Non-GAAP_EPS_Beats_Expectations_by_0.14_and_Revenue_Beats_by_12.79M”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rh. RH_Reports_Record_Performance_Non-GAAP_EPS_Beats_Expectations_by_0.14_and_Revenue_Beats_by_12.79M”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rh. RH_Reports_Record_Performance_Non-GAAP_EPS_Beats_Expectations_by_0.14_and_Revenue_Beats_by_12.79M”>More…

Key Ratios Snapshot

Some of the financial key ratios for Rh are shown below. RH_Reports_Record_Performance_Non-GAAP_EPS_Beats_Expectations_by_0.14_and_Revenue_Beats_by_12.79M”>More…

Share Price

Despite the strong performance, RH stock opened at $261.1 and closed at $254.6, a decrease of 2.0% from its last closing price of $259.8. This report of record performance demonstrates RH’s success in navigating the challenging conditions of the current market and reaffirms their ability to continue producing strong results despite economic uncertainty. Live Quote…

Analysis

At GoodWhale, we have performed an analysis of RH‘s financials and have come to the conclusion that it is a medium risk investment in terms of its financial and business aspects. To arrive at our assessment, we have examined several potential risks in their income statement and balance sheet. Upon further inspection, we have identified two risk warnings in RH’s income sheet and balance sheet that require further investigation. We encourage investors to register with us so that they can access our detailed analysis of RH and evaluate the associated risks before making any decisions. More…

Peers

Furnishing a home can be a daunting task, but with the help of a reliable home décor company, it can be a fun and exciting experience.

However, RH is not the only home décor company out there. Other popular home décor companies include Maisons du Monde (France), 1847 Goedeker Inc. (USA), and BHG Group AB (Sweden).

– Maisons du Monde France SA ($BER:ZMM)

As of 2022, Maisons du Monde France SA has a market cap of 484.17M and a Return on Equity of 9.35%. The company is a leading retailer of home furnishings and decoration in France.

– 1847 Goedeker Inc ($NYSEAM:GOED)

BHG Group AB, through its subsidiaries, provides services in the areas of healthcare, education, and social services in Sweden. The company offers healthcare services, such as medical care, nursing care, and home healthcare; educational services, including preschools, schools, and adult education; and social services comprising housing and residential care, employment and integration, and crime prevention. As of 2022, the company had a market cap of 2.87B and a ROE of 0.01%.

Summary

This was driven by strong performance in all three of RH’s core categories – Furniture, Outdoor & Garden, and Textiles. Going forward, the company plans to continue investing in its digital capabilities in order to drive further growth.