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RH profit beats consensus by 18.1% in fiscal Q2

RH said its normalized net income for the fiscal second quarter ended July 30 was 34 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS decreased 57.7% year over year from 81 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $13.9 million, a decline of 59.1% from $34.0 million in the second quarter ended Aug. 1, 2015.

The normalized profit margin fell to 2.6% from 6.7% in the year-earlier period.

Total revenue rose 7.2% year over year to $543.4 million from $506.9 million, and total operating expenses increased 14.6% from the prior-year period to $510.1 million from $445.1 million.

Reported net income decreased 76.9% year over year to $6.9 million, or 17 cents per share, from $30.0 million, or 71 cents per share.