RH, together with its subsidiaries, engages in the retail of home furnishings. It offers products in various categories, such as furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company sells products through its stores and catalogs, as well as through its Websites, such as restorationhardware.com, rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com. As of October 29, 2016, it operated 85 retail galleries that include 51 legacy galleries, 6 larger format design galleries, 7 next generation design galleries, 1 RH modern gallery, and 5 RH baby & child galleries throughout the United States and Canada; 15 Waterworks showroom...
15 Koch Road
Corte Madera, CA 94925
Founded in 1979
Restoration Hardware Plans Four-Level Destination Gallery, Restaurant in Edina
Mar 9 17
Restoration Hardware is planning a four-level showroom with a cafe and wine vault on the Southdale Center parking lot. The 58,000-square-foot building would have multiple terraces, a garden and a rooftop patio with outdoor furniture. The retailer is planning to build the store on the southwest corner of the Southdale Center parking lot, near the Edina water tower. Restoration Hardware has an agreement with mall owner Simon Properties for overflow parking. The store will also have valet service.
RH Reported Potential Takeover With Williams- Sonoma
Mar 8 17
Williams-Sonoma, Inc. (NYSE: WSM) is reportedly interested in a takeover of RH (NYSE:RH). According to media reports "This is the third time in the last 18 months that takeout reports have hit the wires. Last summer we discussed some various takeout scenarios, including a purchase by WSM and a purchase by private equity. At the time, given the various supply chain issues each company was facing we argued that a combination, while highly accretive to WSM, could face integration execution issues under the "two wrongs do not make it right" adage. However, we believe that each company has made signi?cant strides in supply chain over the last 9 months, with RH now back at 'full' in-stock (typically in the 90% range) on RH Modern,".
RH Reports Unaudited Preliminary Earnings Results for the Fourth Quarter and Full Year Ended January 28, 2017
Feb 23 17
RH reported unaudited preliminary earnings results for the fourth quarter and full year ended January 28, 2017. For the quarter, the company reported net income was $8,747,000 or $0.21 per diluted share and adjusted income or $0.79 per diluted share was $27,741,000 against net income was $33,302,000 or $0.12 per diluted share and adjusted income was $41,172,000 or $2.16 per diluted share a year ago. Net revenues were $586,706,000 and adjusted net revenues of $590,147,000 against net revenues of $647,208,000 and adjusted net revenues of $647,208,000 a year ago. Operating income was $26,804,000 and adjusted operating income of $50,577,000 against operating income was $67,233,000 and adjusted operating income of $74,161,000 a year ago.
For the full year, the company reported net income was $4,712,000 or $0.68 per diluted share and adjusted income was $51,602,000 or $0.98 per diluted share against net income was $91,103,000 or $1.26 per diluted share and adjusted income was $114,772,000 or $2.72 per diluted share a year ago. Net revenues were $2,134,871,000 and adjusted net revenues of $2,138,312,000 against net revenues of $2,109,006,000 and adjusted net revenues of $2,109,006,000 a year ago. Operating income was $52,730,000 and adjusted operating income of $102,608,000 against operating income was $185,561,000 and adjusted operating income of $204,607,000 a year ago. Capital expenditures of approximately $181 million compared to guidance in the range of $180 million to $190 million.