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Restoration Hardware Holdings, Inc (NYSE RH) reported a beat-and-raise second quarter Tuesday, sending the furniture retailer's stock higher in after-hours trading.
Adjusted EPS of $3.20 bested a consensus estimate of $2.70, while sales of $706.5 million beat a $696.77-million estimate.
RH lifted its full year 2019 adjusted EPS guidance from a range of $9.08 to $9.52 to a range of $10.53 to $10.76 and raised its full-year sales guidance from a range of $2.65 billion to $2.67 billion to a range of $2.68 billion to $2.69 billion.
"Despite the increase in tariffs and some negative macro trends, we remain optimistic that our business momentum will continue, supported by a number of positive factors including by the recent mailing of the Fall Interiors and soon to be in-home Modern Source Books, the increasing contribution from RH Beach House, the launch of RH Ski House and new Galleries opening this fall," the company said in a statement.
The stock was up 5.68% at $167.90 at the time of publication after hours Tuesday.
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Photo by Restoration Hardware via Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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