RH Announces $700 Million Share Repurchase Authorization
About
Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the federal securities laws including statements relating to any future
repurchases of our shares or other transactions under the repurchase
program, including the timing, amount or sources of funds of any such
repurchases, our belief that our shares are undervalued and an
opportunity exists to create value for our long-term shareholders, our
confidence in the outlook for our business and continued improvements in
our operating model, 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, risks related to our dependence on key personnel and any changes
in key personnel; successful implementation of our growth strategy; our
ability to leverage 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; decisions concerning the allocation of capital
including the extent to which we repurchase additional shares of our
common stock which will affect shares outstanding and EPS; factors
affecting our outstanding convertible senior notes or other forms of our
indebtedness; our ability to anticipate consumer preferences and buying
trends, and maintain 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
our sourcing and supply chain including our dependence on imported
products produced by foreign manufacturers and risks related to
importation of such products including risks related to tariffs and
other similar issues, 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 and Form 10-Q filed with the
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Source:
RH
Cammeron McLaughlin
SVP, Investor Relations & Strategy
415-945-4998
cmclaughlin@rh.com