RH Releases Copy of Chairman & CEO Gary Friedman’s Annual Letter to Shareholders
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
Company Research
Source: Business Wire
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) released today a copy of Chairman & CEO Gary Friedman’s Annual Letter to Shareholders. A copy of the letter also appears in the Company’s Annual Proxy Statement that was sent to shareholders and filed with the SEC after the close of market.To Our People, Partners, and Shareholders,Fiscal 2019 was an outstanding year for Team RH. We achieved record results across every key metric of our business while continuing to elevate the brand and create strategic separation in our industry. Revenues increased 5.4% over last year to $2.647 billion, adjusted operating margins reached an industry best 14.3%, and adjusted diluted earnings per share increased 49% to $11.66. We also generated $330 million of free cash flow in 2019, and achieved industry leading ROIC of 35.3%.While proud of the outstanding results our team achieved last year, clearly much has changed as a result of the rapid spread of COVID-19 around the world. Our hearts go out
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