Production and shipping delays related to its new collection of modern furniture, which it also has launched as a standalone business, are taking a toll on Restoration Hardware Holdings Inc. as the high-end retailer issued a weak outlook for the current quarter.
Restoration Hardware reported its fourth-quarter earnings slid to
$33.3 million from $42.5 million a year earlier.
Revenue rose 11% to $647.2 million, less than expected. Comparable store sales increased 9%.. . . more