Restoration Hardware Holdings, Inc. Updates First Quarter Fiscal 2013 Guidance
Company Increases Q1 Net Revenue Guidance to
Company Increases Q1 Adjusted Diluted EPS Guidance to
The Company has not completed its quarter end closing and review process and the final results for the first quarter fiscal 2013 results may differ from the statements made in this press release. Further commentary on the Company’s first quarter financial results will be provided as part of its first quarter earnings release and conference call.
About
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Non-GAAP Financial Measures
To supplement its consolidated financial disclosures and statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles (GAAP), the Company uses the following non-GAAP financial measures: adjusted net income and adjusted EPS (collectively the “non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. The non-GAAP financial measures used by the Company in this press release may be different from the methods used by other companies. The Company is not able to provide a reconciliation of non-GAAP financial measures to GAAP without unreasonable effort as our estimated results are preliminary and may change as we complete the quarter close process and management’s review of our financial statements.
Forward Looking Statements
This release contains forward-looking statements within the meaning of
the federal securities laws including statements related to our ability
to gain market share and our future financial guidance including with
respect to the first fiscal quarter of 2013. You can identify
forward-looking statements by the fact that they do not relate strictly
to historical or current facts. These statements may include words such
as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,”
“believe,” “may,” “will,” “should,” “likely” and other words and terms
of similar meaning in connection with any discussion of the timing or
nature of future events. We cannot assure you that future developments
affecting us will be those that we have anticipated. Important risks and
uncertainties that could cause actual results to differ materially from
our expectations include, among others, accounting adjustments as we
close our books for the first quarter and as financial statements for
the first quarter are prepared, risks and uncertainties with respect to
the Company’s ability to achieve the expected benefits to its business
the new store format, risks relating to customer response to the
Company’s new store concepts and new product merchandise, risks relating
to the costs of developing, implementing and operating new store
concepts, risks related to the number of new business initiatives we are
undertaking and risks in the implementation of our real estate portfolio
transformation, as well as those risks and uncertainties disclosed under
the sections entitled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in
Restoration Hardware Holdings’ Annual Report on Form 10-K filed with the
Source:
Restoration Hardware Holdings, Inc.
Cammeron McLaughlin,
415-945-4998 (Investor Relations)
cmclaughlin@restorationhardware.com