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RH profit beats consensus by 74.0% in fiscal Q1

RH said its normalized net income for the fiscal first quarter ended May 3 was 18 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS rose year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.5 million, a gain from $2.4 million in the prior-year period.

The normalized profit margin rose to 2.3% from 0.8% in the year-earlier period.

Total revenue increased 21.5% on an annual basis to $366.3 million from $301.3 million, and total operating expenses increased 18.7% on an annual basis to $352.3 million from $296.7 million.

Reported net income came to $1.6 million, or 4 cents per share, compared to a loss of $161,000, or a loss of 0 cents per share, in the year-earlier period.