Retailer and direct marketer Restoration Hardware posted a net revenue increase of 21% for the first quarter ended May 1, 2004, to $98.9 million, versus $81.8 million for the quarter ended May 3, 2003.
Net revenue for the direct-to-customer division increased 94% to $21.9 million in the first quarter of fiscal 2004, compared to $11.3 million in the first quarter of last year.
Net results for the first quarter improved to a net loss of $4.0 million ($0.12 per share) as compared to a net loss of $5.2 million ($0.17 per share) in the first quarter of the prior year.
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