Restoration Hardware Posts Q2 Loss, Lifts FY14 Outlook - Quick Facts

(RTTNews) - Restoration Hardware Holdings, Inc. (RH) Tuesday reported second-quarter loss of $17.8 million or $0.46 per share, compared to a profit of $17.6 million in the same period last year.

Adjusted earnings for the quarter was $19.8 million or $0.49 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 30 percent to $382.1 million from $292.9 million last year. Analysts expected revenues of $377.60 million.

Comparable store sales grew 26 percent year-over-year, compared to an increase of 31 percent last year.

Looking ahead to the third quarter, the company has forecast adjusted earnings in the range of $0.27 to $0.29 per share, with revenues ranging between $385 million and $395 million. Analysts currently expect the company to earn $0.16 per share on third-quarter revenues of $364.71 million.

For the fiscal 2013, the company has increased its earnings outlook to a range of $1.65 to $1.70 per share from its previous guidance range of $1.41 to $1.47 per share.

Revenues are projected in the range of $1.56 billion to $1.58 billion, up from $1.47 billion to $1.51 billion, issued previously. Analysts currently expect the company to report full-year earnings of $1.48 per share on revenues of $1.52 billion.