RH Has Strong Second Quarter Income

RH had net revenue of $709.3 million for the second quarter of 2020 compared to net revenue of $706.5 million in the second quarter of 2019. Gross margin for the quarter increased 520 basis points to 46.9 per cent versus 41.7 per cent last year. Net income was $98.4 million, up 54 per cent from $63.8 million in the year-ago period and adjusted net income increased 72 per cent to $123 million from $71.4 million last year.