Restoration Hardware Holdings Inc. (RH: Quote) Wednesday reported a profit for the third quarter, compared with a loss last year, as the home furnishings retailer benefited from strong growth in revenues as well as absence of one-time charges recorded in the year-ago period. The company's quarterly earnings and revenues came in above Street estimates.
Restoration Hardware, which made its debut on the NYSE last month, sells furniture, bath linen, and other items through its stores and website. The company competes with retailers such as Williams Sonoma Inc (WSM) and Ethan Allen Interiors Inc. (ETH)....
RH, the new name for luxury home furnishings retailer Restoration Hardware, lowered the maximum amount it wants to raise in a return to public ownership sometime this year to $142.5 million, according to a new regulatory filing.
The latest amended filing also added financial details to the sensitive relationship between the company and founder Gary Freidman after he resigned as chairman and co-chief executive officer in August to advisory roles as chairman emeritus, "creator and curator."