RH, still resisting e-commerce, reports record revenue

Fourth quarter adjusted net revenues were up 7%, versus a 6% rise last year. Adjusted net income was $76 million versus $43.3 million last year. Adjusted operating margin in the quarter was 15.9%, up from 11.2% at the same time last year. For fiscal 2019, the company lowered its sales outlook "due to the continued weakness in our core business post the fourth quarter market volatility, the negative trends in the high end housing market, and our continued efforts to edit unprofitable...
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