RH Announces Repayment of $350 Million 0.00% Convertible Senior Notes Due 2019
CEO
As previously reported, the Company continues to expect (i) to repay its
ABOUT
NON-GAAP FINANCIAL MEASURES
To supplement its condensed consolidated financial statements, which are
prepared and presented in accordance with Generally Accepted Accounting
Principles (“GAAP”), the Company uses various non-GAAP financial
measures including EBITDA and Adjusted EBITDA (collectively, “non-GAAP
financial measures”). We compute these measures by adjusting the
applicable GAAP measures to remove the impact of certain recurring and
non-recurring charges and gains and the tax effect of these adjustments.
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.
For more information on the Company’s reports of financial results that include these and other non-GAAP financial measures, please see the Company’s previously reported financial results which include a Reconciliation of GAAP to non-GAAP Financial Measures tables regarding previously reported non-GAAP financial measures included EBITDA and Adjusted EBITDA. Such accompanying tables include details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures.
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of
the federal securities laws, including without limitation, statements
regarding: our expectations regarding sources and uses of capital
including (i) remaining opportunistic with respect to both sources and
uses of capital, (ii) that the repurchase
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 our
ability to retain key personnel; successful implementation of our growth
strategy; risks related to the number of new business initiatives we are
undertaking; successful implementation of our growth strategy including
our real estate transformation and the number of new gallery locations
that we seek to open and the timing of openings; 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 housing market as well as the impact of economic
conditions on consumer confidence and spending; changes in customer
demand for our products; our ability to anticipate consumer preferences
and buying trends, and maintaining our brand promise to customers;
decisions concerning the allocation of capital; 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, the countermeasures
and mitigation steps that we adopt in response 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:
Allison Malkin
203-682-8225
allison.malkin@icrinc.com