Content about Restoration Hardware Holdings Inc.

September 11, 2014

Restoration Hardware Holdings Inc. beat consensus analyst estimates by swinging from a net loss to profit in the second quarter of fiscal 2014, but had smaller-than-expected sales growth.

Corte Madera, Calif. – Restoration Hardware Holdings Inc. beat consensus analyst estimates by swinging from a net loss to profit in the second quarter of fiscal 2014, but had smaller-than-expected sales growth.

The upscale home furnishings retailer reported net income of $27.3 million, compared to net loss of $17.8 million during the same period a year earlier.

April 25, 2014

Restoration Hardware Holdings Inc. has named Dr. Leonard Schlesinger to its board of directors.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. has named Dr. Leonard Schlesinger to its board of directors. He will also serve as the chairman of the board’s compensation committee.

Schlesinger has held executive leadership positions at various retail and consumer brands, including vice chairman and COO of Limited Brands from 1999 to 2007, and has served for more than 20 years as a professor of business administration at Harvard Business School, and previously served as the president of Babson College.

March 28, 2014

Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth.

Cortre Madera, Calif. – Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth. The retailer posted net earnings of $26.64 million, compared to a net loss of $28.36 in the year-ago period.

Net revenues grew 18.5% to $471.69 million, from $398.05 million. Same-store sales grew 17%.

July 8, 2013

Restoration Hardware Holdings Inc. said that a group of stockholders will plan to sell up to 10 million shares of the company.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. said Friday that a group of stockholders will plan to sell up to 10 million shares of the company.

The company registered an offering of up to 10 million shares worth as much as $753.2 million. It did not specify who will sell the shares or when the offering is expected to close.

Restoration Hardware's biggest shareholders are the private equity firms Catterton Partners and Tower Three Partners, followed by Glenhill Capital.
 

April 19, 2013

Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

December 13, 2012

Restoration Hardware Holdings Inc. reported net income for the third quarter of $1.7 million, compared with a loss of $4.8 million in the year-ago period.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Wednesday net income for the third quarter of $1.7 million, compared with a loss of $4.8 million in the year-ago period.

Revenue rose 22% to $284.2 million and same-store sales surged 29%.

The home furnishings retailer went public in November.

 

October 23, 2012

Restoration Hardware Holdings Inc. is expected to raise about $120 million from its Initial Public Offering, should it sell the 5.2 million shares at between $22 and $24 each that the retailer said it is expecting to sell.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. is expected to raise about $120 million from its Initial Public Offering, should it sell the 5.2 million shares at between $22 and $24 each that the retailer said it is expecting to sell.

Restoration Hardware will sell 4.9 million shares in the offering, according to a Reuters report, while selling stockholders will sell the rest.

 

September 20, 2012

A report by Wall Street Journal said that Restoration Hardware Holdings Inc. has filed plans for an initial public offering of up to $150 million in common stock.

New York -- A Thursday report by Wall Street Journal said that Restoration Hardware Holdings Inc. has filed plans for an initial public offering of up to $150 million in common stock.

The retailer, which this week unveiled its new RH branding, is looking to the IPO to pay down debt. It was acquired in 2008 by Catterton Partners in a $179 million buyout and last month revealed a plan for reorganization on the heels of co-CEO Gary Friedman’s resignation following an internal probe into a relationship with a female employee.