— RH (NYSE: RH) reported third-quarter 2019 adjusted EPS of $2.79 vs. $2.23 expected; benefited by $0.24 per share due to a lower tax rate.
— GAAP revenue grew 6.4% to $677.5 million and adjusted revenue grew 6% to $676.7 million versus $676.39 million expected.
— GAAP EPS jumped 197% year-over-year to $2.17.
— Longer-term, RH expects net revenue growth of 8% to 12% and adjusted net income growth of 15% to 20%.
— RH stock, which had gained 72% so far this year, was trading flat in the after-market session.
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