5 Notable Earnings Reports to Watch

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1. RH (NYSE: RH)

Number of Hedge Fund Holders: 54

RH (NYSE: RH) is a well-known luxury home furnishing retailer, offering upscale home furnishings through its retail galleries, sourcebooks, and official website. The company recently delivered solid results for the second quarter.

The home-furnishings company reported adjusted earnings of $8.48 per share for the three months ended July 31, significantly higher than $4.90 per share in the comparable period of 2020. Analysts were expecting RH (NYSE: RH) to post adjusted earnings of $6.51 per share.

Revenue came in at $988.9 million, up 39 percent versus the year-ago quarter and above the consensus forecast of $973.4 million. RH (NYSE: RH) also raised its sales outlook for the full year. The company now expects its revenue to increase in the range of 31 – 33 percent versus its earlier growth forecast of 25 – 30 percent.

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In a letter to shareholders, CEO Gary Friedman said:

“We are pleased to report another quarter of record results with adjusted net revenues increasing 39% to $989 million versus $710 million a year ago, and up 40% compared to the second quarter of 2019. RH continues to set a new standard for financial performance in the home furnishings industry and our results now reflect those of the luxury sector as adjusted operating margin reached 26.6% versus 21.8% last year. We generated $263 million of adjusted operating income in the quarter, up 70% compared to $155 million a year ago.”

You can also take a peek at 10 Highest Sharpe Ratio Dividend Stocks in the S&P 500 and Billionaire Jeffrey Talpins’ Top 10 Stocks Picks.

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