It's Thursday, September 10th. Welcome to Market Flory. I'm Chris Hill with me today.

First time and a long time, it's Maria Gallagher. Good to see you.

Nice to see you, too, Chris.

We are going to talk about a recent IPO. We have got a high

profile CEO change, but we're going to start today with R.H. The company formerly known as Restoration Hardware.

R.H. had a monster second quarter, profits much higher than expected, strong overall sales,

and shares of R.R.H. are up more than 22% today in the stocks

hitting at all-time high. I think our each is kind of interesting because a lot of

what we're talking about right now is people will look at revenue growth if we

look at Zoom's if we look at

zooms growth in the quarter or all of these different companies.

And our each only increased revenue less than a percent,

but the really impressive thing was, like you said,

Chris, the increase in their gross

margin their operating margin and their net margin and their earnings

for share so I think it's kind of a different look than a different response than

we've been seeing a lot for these high growth tech stocks.

This is more of a company that's showing they have a lot of pricing power and

they are growing in a less a way that we haven't seen very a lot recently.

Yeah, R.H. is, for anyone who's ever been in a restoration hardware,

you know, it's one of those stores you walk in, it's like,

well, it's clearly nice stuff. It's quality merchandise. Some of it is exceptionally pricey, but I think this this probably goes along with the narrative in the same direction as the narrative that we've seen in the last six months with companies like Wayfair and Home Depot and Lowe's where more people are looking around the

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