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Restoration Hardware swings to Q4 profit; plans seven new stores
Cortre Madera, Calif. – Restoration Hardware Holdings Inc. (RH) swung to a profit in the fourth quarter of fiscal 2013 amid ongoing sales growth. The retailer posted net earnings of $26.64 million, compared to a net loss of $28.36 in the year-ago period.
Net revenues grew 18.5% to $471.69 million, from $398.05 million. Same-store sales grew 17%.