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Article: Restoration Hardware, Inc. Reports Fourth Quarter and Full Year Profitability; Comparable store sales for the quarter increase 5.7%.
- Article from:
- PR Newswire
- Article date:
- March 31, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CORTE MADERA, Calif., March 31 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. today announced its financial results for the fourth quarter and fiscal year ended January 29, 2005, including the following:
-- Net revenue increased 14% to $187.9 million for the fourth quarter of
fiscal 2004, versus net revenue of $165.0 million for the same period
last year.
-- Comparable store sales increased 5.7% for the fourth quarter of fiscal
2004, which reflects a holiday comp sales increase of 3.1% and a
January comp sales increase of 20.7 %.
-- Direct-to-customer revenue increased 51% to $40.1 million for the
fourth quarter of 2004, on ...