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Gross profit rose 22% to $139.2 million, while gross margin contracted 260 basis points to 36.4%. Adjusted EBITDA soared 42% to $40.8 million, whereas adjusted operating income jumped 56% to $34.2 million. Encouraged by the strong quarterly results, Restoration Hardware raised its fiscal 2013 guidance for the second time. The company now expects top line improvement in the range of 31% to 32% to $1.56 $1.58 billion, up from its earlier guidance range of a 23% to 27% increase. Moreover, earnings are forecast in the range of $1.65 to $1.70 per share, significantly rising from its previous guidance range of $1.41 to $1.47.
Earlier this month, for instance, rock musician and gun advocate Ted Nugent compared film producer Harvey Weinstein to a Nazi propagandist, staging that those who watch Weinstein's planned film about the National Rifle Association "will see that Joseph Goebbels and Saul Alinsky is alive in the form of a fat punk named Harvey Weinstein."Last June, an MSNBC pundit characterized Supreme Court Justice Clarence Thomas's vote with the majority overturning a key provision of the Voting Rights Act of 1965 as, "A symbolic Jew has invited a metaphoric Hitler to commit holocaust and genocide upon his own people." And more recently, a state representative www.ercc.co.uk in Arizona referred to President Obama as "Der Fuhrer" and went on to say in a newspaper interview that "America under Obama is looking a lot like the early days of Germany under Hitler."There is an epidemic of invoking offensive Holocaust analogies in discussions of controversial subjects.
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