Restoration Hardware (RH) Q4 Earnings Miss Revenue and EPS Estimates, Expects Revenue Lag; Stock Surges 7.4% AH, FY Rev +8%-10%, FY25 Revs Above Consensus

RH, also known as Restoration Hardware, reported its Q4 earnings with revenue at $738.3 million, missing the expected $777 million. The adjusted EPS was 72 cents, below the estimated $1.69. RH anticipates a low single-digit decrease in Q1 revenue and a 12-13% adjusted EBITDA margin. For FY 2024, RH projects revenue to be 4-8 points lower than demand. The CEO mentioned the challenging business conditions but expects demand trends to improve in fiscal 2024. Despite the misses, RH stock surged by 7.4% after hours.