{"id":2767,"date":"2013-11-30T11:46:55","date_gmt":"2013-11-30T06:16:55","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/11\/30\/restoration-hardware-reports-22-gain-in-3q-revenues\/"},"modified":"2013-11-30T11:46:55","modified_gmt":"2013-11-30T06:16:55","slug":"restoration-hardware-reports-22-gain-in-3q-revenues","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/restoration-hardware-reports-22-gain-in-3q-revenues\/","title":{"rendered":"Restoration Hardware reports 22% gain in 3Q revenues"},"content":{"rendered":"<p>CORTE MADERA, Calif. \u00e2\u20ac\u201d Specialty retailer Restoration Hardware said revenues in its third quarter increased more                         <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nthan 22%, but the net loss was greater than in the same period last year.<\/p>\n<p>The retailer, which operates 111 stores in the United States and Canada, attributed much of the sales growth to its catalog and Internet channels. Still, its stores recorded a same-store sales increase of 3.9% in the quarter.<\/p>\n<p> \u00e2\u20ac\u0153We are pleased to report another quarter of solid progress,\u00e2\u20ac\u009d said Chairman and CEO Gary Friedman. \u00e2\u20ac\u0153(The revenue increase) reflected our ability to gain market share and improve profitability, despite a difficult home furnishings environment.\u00e2\u20ac\u009d<\/p>\n<p>Total revenues for the 13 weeks ended Oct. 28 were $157.1 million, compared with $128.4 million in last year\u00e2\u20ac\u2122s third quarter. Restoration Hardware incurred an operating loss of $3.7 million, substantially less than the $5.9 million operating loss in the comparable period last year.<\/p>\n<p>However, the company\u00e2\u20ac\u2122s net loss, including interest expenses and a one-time charge for the expensing of stock options, totaled $5.7 million, or 15 cents per share. In last year\u00e2\u20ac\u2122s third quarter, the loss was $4.2 million, or 11 cents per share.<\/p>\n<p>In the nine months, total revenues rose 20.3% to $469.8 million. The retailer\u00e2\u20ac\u2122s net loss totaled $10.4 million, or 27 cents per share, compared with $9.8 million, or 28 cents per share, in the comparable period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORTE MADERA, Calif. \u00e2\u20ac\u201d Specialty retailer Restoration Hardware said revenues in its third quarter increased more<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2767","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2767"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2767\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}