RH back around the all time high. The interesting thing is that in the latest quarter is it put up the biggest GM increase in company history – in addition to the biggest share count decline I have seen for any company outside of a Dutch auction. We all knew that was coming with the guide/preannounce – no surprise. But stock back to where it was when fundamentals mattered. FY18(End Jan '19) will be the year where fundamentals matter again – and they’re better than the consensus thinks. Remember that the company’s TTM EBIT margin is sitting at 6.2% vs 10.0% at the prior peak 2-years ago. The street has the company falling short of prior peak in FY19. RH likely to hit prior peak a year earlier.
We're hosting a call Dec 13th at 2pm to review the trend and tail fundamental call.
Call Details
Time: Wednesday, December 13th at 2:00PM EST
Toll Free:
Toll:
UK: 0
Confirmation Number: 13673468
Live Video Link: Will be Provided Prior to the Event
(Prior scheduled Auto Parts deck will come at a later date TBD)
