RH Announces $700 Million Share Repurchase Authorization
Company Announces Completion of Previous
About
Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the federal securities laws including statements relating to any future
stock repurchases including the timing, amount or sources of funds, our
belief that our shares are undervalued and an opportunity exists to
create value for our long-term shareholders, and any statements or
assumptions underlying any of the foregoing. 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, our ability to retain key
personnel; successful implementation of our growth strategy; our ability
to take advantage of the transaction with Waterworks; uncertainties in
the current performance of our business including a range of risks
related to our operations as well as external economic factors; general
economic conditions and the impact on consumer confidence and spending;
changes in customer demand for our products; factors affecting our
outstanding convertible senior notes; our ability to anticipate consumer
preferences and buying trends, and maintaining our brand promise to
customers; changes in consumer spending based on weather and other
conditions beyond our control; risks related to the number of new
business initiatives we are undertaking; strikes and work stoppages
affecting port workers and other industries involved in the
transportation of our products; our ability to obtain our products in a
timely fashion or in the quantities required; our ability to employ
reasonable and appropriate security measures to protect personal
information that we collect; our ability to support our growth with
appropriate information technology systems; risks related to “conflict
minerals” compliance and its impact on sourcing, if any, 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 RH’s most recent Form 10-K filed
with the
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Source:
RH
Cammeron McLaughlin, 415-945-4998
SVP, Investor Relations
and Strategy
cmclaughlin@rh.com