Key TakeawaysRH shares are jumping in premarket trading Friday after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter.CEO Gary Friedman said gains came despite a weak housing market.RH lifted its sales growth forecast at both the low and high ends of its range. RH (RH) shares jumped premarket after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter. The company is forecasting revenue grow ...

财务数据和关键指标变化 - 第三季度收入增长8 1%，调整后营业利润率为15%，去年同期为7 3%，调整后EBITDA利润率为20 8%，去年同期为12 4% [10] - 第四季度总需求增长预期为20%至22%，收入增长预期为18%至20%，调整后营业利润率预期为12 2%至13 2%，调整后EBITDA利润率预期为18%至19% [10] - 全年总需求增长预期为9 9%至10 4%，收入增长预期为6 8%至7 2%，调整后营业利润率预期为11 5%至11 7%，调整后EBITDA利润率预期为17 2%至17 4% [10] 各条业务线数据和关键指标变化 - RH品牌在11月需求增长24%，12月至今需求增长30%，市场份额在第三季度增长15至25个百分点，第四季度预计增长25至45个百分点 [8][9] - Contract、Outlet、Baby & Child和Teen业务预计将在2025年受益于产品转型，新系列将支持Contract业务，新产品退货将推动Outlet业务，成功设计将转化为Baby、Child和Teen的较小尺寸产品 [9] - Waterworks业务目前年收入接近2亿美元，EBITDA利润率为中高双位数，预计在RH平台上有可能成为10亿美元的全球品牌 [18] 各个市场数据和关键指标变化 - 欧洲市场预计将在2025年随着巴黎和伦敦画廊的开业迎来拐点，RH England画廊在7月至12月期间增长42%，网络业务增长111% [29][30] - 预计2025年将在北美开设7家画廊，包括蒙特利尔、曼哈塞特、底特律、俄克拉荷马城、洛斯加托斯、棕榈沙漠和阿斯彭，同时计划在2025年开设两家国际画廊，RH巴黎和RH伦敦 [29] 公司战略和发展方向和行业竞争 - 公司正在进行历史上最大规模的产品转型和平台扩展，预计将在2024年和2025年推出多个新产品系列，包括RH Modern Sourcebook、RH Interiors Sourcebook和RH Outdoor Sourcebook [11][13][14] - 公司计划在2025年下半年推出Waterworks Sourcebook，并在2025年秋季推出一个新的品牌扩展，预计将显著扩大RH品牌的市场规模和份额 [17][20] - 公司正在将供应链从中国转移，预计在2025年第二季度末完全退出中国，同时将墨西哥制造的产品重新定位，预计不会对供应链造成干扰 [21][22] 管理层对经营环境和未来前景的评论 - 尽管面临30年来最糟糕的房地产市场，公司业务仍保持强劲增长，11月需求增长18%，12月至今需求增长30% [7][8] - 公司认为当前的投资周期将为其在行业中的战略分离创造机会，预计在房地产市场复苏时将获得显著的市场份额 [9][42] - 公司预计2025年将实现正向自由现金流，并能够自筹资金支持业务发展 [86] 其他重要信息 - 公司计划在2024年第四季度和2025年升级其网站，引入革命性的用户界面和展示设计，并申请设计专利 [31][32] - 公司正在开发RH设计生态系统，计划在棕榈沙漠增加一个10,000平方英尺的RH设计画廊和一个独立的5,000平方英尺的RH户外家具画廊 [27][28] 问答环节所有提问和回答 问题: 公司是否会进一步加速2025年的投资，并愿意牺牲利润率以加速销售增长 - 公司表示大部分重大投资已经完成，欧洲的初始投资和产品转型的主要投资已经结束，未来将专注于通过创新和发明推动增长 [42][43][44] 问题: 房地产市场改善是否会加速公司业务的增长轨迹 - 公司认为房地产市场的复苏将带来显著的增长机会，预计房地产市场复苏时，公司业务将受益于30%至50%的增长 [56][57] 问题: 公司是否预计在2025年实现正向自由现金流 - 公司预计2025年将实现正向自由现金流，并能够自筹资金支持业务发展 [86] 问题: 公司如何看待未来的利润率恢复 - 公司认为当前的利润率处于底部，随着房地产市场的复苏和投资周期的结束，利润率将逐步恢复 [170][171] 问题: 公司如何看待未来的产品转型和增长机会 - 公司认为当前的产品转型和品牌扩展将带来显著的增长机会，预计未来几年将保持强劲的增长势头 [192][193][194]

RH (RH) reported $811.73 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 8.1%. EPS of $2.48 for the same period compares to -$0.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $810.9 million, representing a surprise of +0.10%. The company delivered an EPS surprise of -7.12%, with the consensus EPS estimate being $2.67.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35720 (Exact name of registrant as specified in its charter) Delaware 45-3052669 (State or other jurisdicti ...

| --- | --- | |-------------------------------------------------------------------------|-------| | | | | | | | | | | THIRD QUARTER 2024 FINANCIAL RESULTS AND SHAREHOLDER LETTER | | A LETTER FROM OUR CHAIRMAN AND CEO RH REPORTS THIRD QUARTER RESULTS THIRD QUARTER 2024 HIGHLIGHTS GAAP Net Revenues of $812M, up 8.1%, GAAP Operating Margin of 12.5%, Adjusted Operating Margin of 15.0% GAAP Net Income of $33M, Adjusted Net Income of $49M, Adjusted EBITDA Margin of 20.8% Q3 Total Demand Growth increased 13%, RH B ...

RH (RH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move ...

RH (RH) closed the most recent trading day at $385.64, moving -0.9% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq increased by 0.63%.Shares of the furniture and housewares company witnessed a gain of 19.99% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.3% and the S&P 500's gain of 3.15%.Investors ...

公司股价表现 - 在最近的市场收盘时RH股价达到354.52美元较前一日上涨1.84%超过当日上涨0.4%的标准普尔500指数同时道琼斯指数上涨0.09%纳斯达克指数上涨0.63% [1] - 过去一个月公司股票下跌0.24% [1] 公司盈利预期 - 公司即将发布的财报预计每股收益为2.67美元较上年同期增长735.71%预计营收为8.1123亿美元较上年同期增长7.99% [1] - 公司全年扎克斯共识预期每股收益为5.61美元营收为31.5亿美元分别较上年变化 -18.34%和+4.15% [1] 分析师预测调整与公司股票评级 - 投资者应关注分析师对公司预测的近期变化积极的预测调整表明分析师对公司业务表现和盈利潜力有信心这些调整与近期股票价格表现直接相关 [2] - 公司目前扎克斯排名为4（卖出）过去一个月扎克斯共识每股收益预期保持稳定 [2] 公司估值情况 - 公司当前的远期市盈率为62.05高于行业平均远期市盈率20.05 [3] - 公司目前的PEG比率为1.98与昨日收盘时消费品 - 主食行业平均PEG比率相同 [3] 行业相关情况 - 消费品 - 主食行业属于消费必需品板块目前该行业扎克斯行业排名为107处于所有250多个行业的前43% [3]

I believe true value is from growth, not cigar butts. Time is investors' best friend. Evaluation matters but need to be viewed from a long-term perspective. Great businesses often offer tremendous value to society and are super durable. When your products and services are 10x better than others, you deserve to grow 10x (or people you to grow 10x) and stay dominant. Selection, convenience, and value are tremendous characteristics I am looking for. Durability is a great multiplier of value (I don't buy a cycl ...

Nanterre, 7 October 2024 VINCI has reached an agreement for the acquisition of RH Marine and Bakker Sliedrecht in the Netherlands A group of two well-known electrotechnical integrators specialized in the maritime sector An annual revenue of about €160 million in 2023 generated by 620 employees Strengthening VINCI Energies industrial portfolio in the Netherlands VINCI Energies expands its industrial activities into a new market segment in the Netherlands with the acquisition of RH Marine Netherlands B.V. (RH ...