This is the stupidest fucking company I’ve ever laid my eyes on. They must waste $100 per mailing, on the phone books they send to total strangers, trying to trick them into buying $10,000 couches. Fuck you very much, I am not in the least interested, especially with three kids in the house who have a distinctive disregard for anything of value, not to mention a dog that shits and pisses wherever the hell she pleases.
RH just vomited up the bullshit in the after-hours, offering a sober outlook for the future of this retarded furniture company.
Restoration Hardware sees FY17 $1.60-1.80 vs $2.66 Capital IQ Consensus Estimate; rev lowered to +1-3%
“Our near term business performance is being pressured by the continued headwinds in the markets impacted by energy and currency, as well as a general slowdown in the luxury consumer market. In addition, the costs associated with RH Modern production delays and investments to elevate the customer experience, the timing of recognizing membership revenues related to the transition from a promotional to a membership model, and a more aggressive approach to rationalizing our SKU count to optimize inventory, are expected to negatively impact our fiscal 2016 adjusted diluted EPS outlook by approximately $0.90 to $1.00. While there is uncertainty regarding the headwinds impacting revenues, we expect many of the cost and margin related issues to be short term in nature.
“Despite our recent difficulties, we remain the leading luxury home brand in the world, with a clear path to $4 billion to $5 billion in North American revenues with mid-teens operating margins. The two fundamental strategies that get us there – the expansion of our product offer and the transformation of our real estate – remain well on track.”
Did these fuckers just blame higher oil prices for the lack of side table sales?
Noteworthy: Jungle Girl nailed it.
The stock is careening lower in the after hours, off by 14%.
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Wow, that’s a load. Who’d have guessed that the key demographic for RH was oil rig workers?
Jesus Christ. How old are you? At least by the gods mercy you seem not entirely retarded like little frog. Who would order that overpriced made in Bangladesh crap but rednecks? Buyer beware but luckily Bernie will cure that ill too. We can coddle each others balls together like the teams of disasters purified by ignorance.
Who would order that overpriced made in Bangladesh crap but rednecks?
The map of RH stores in the US shows that overpriced RH furniture is generally sold where most overpriced things are sold — in metro areas.
The LA area has more stores than the entire state of Texas.
Long Island has 75% as many stores as the entire state of Texas.
https://www.restorationhardware.com/store-locations/stores.jsp