Dennis Scully
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June 17, 2019
Heading into last week’s earnings announcement, RH shareholders had every reason to be nervous. But after reporting stronger than expected results, the company’s shares jumped by over 20 percent in after-hours trading. On the earnings call with investors, RH chairman and CEO Gary Friedman also spoke of how the business he is building will be centered around global expansion and the opportunity to capitalize on the company’s in-house interior design firm.
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May 15, 2019
Market Watch columnist Dennis Scully analyzes the ups—and mostly downs—at retailers Bed Bath & Beyond, RH and Wayfair. From new leadership to a major settlement with an investor group, here’s everything you need to know about these publicly traded brands.
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April 16, 2019
If, like Bed Bath & Beyond CEO Steven Temares, you’ve been making millions of dollars a year while driving your company’s share price into the ground, the last thing you want to hear is that a Schedule 13D with your company’s name on it has been filed with the Securities & Exchange commission. Dennis Scully breaks down the business news.
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April 1, 2019
The release of RH’s earning report last Thursday, and the conference call with analysts that followed, reveal how the company was thrown by the recent volatility in the stock market and the continued slowdown in the high-end real estate market.
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December 11, 2018
On an earnings call last week, RH's chairman and CEO Gary Friedman reported that his company’s fiscal third quarter net income leapt 92 percent to $46.8 million, or $1.73 a share, trouncing the street’s consensus estimate for earnings of $1.27 a share. Then, citing “exceptional” third quarter results and the “continued evolution of our new business model,” Friedman announced that the company was raising its revenue and earnings guidance for the fourth quarter.
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November 13, 2018
Even after losing more than $5 billion in market capitalization in recent weeks, Wayfair is still valued at nearly $9 billion dollars—more than the valuation of Knoll, Herman Miller, RH, Ethan Allen and La-Z-Boy combined. The question is why.
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October 16, 2018
After spending much of this year stressing that 2018 would be dedicated to rebuilding the company’s balance sheet and replenishing its cash position, RH announced last week that it would launch a $700 million repurchase program, or roughly 25 percent of its shares.
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