RH Operates in the $143B Furniture Industry --- highly fragmented.
Over the past four years, Compounded revenue growth in excess of 24% (far out pacing the industry) - essentially doubled sales from $636 Million to almost $1.2B -- oh, while Reducing their retail footprint from 95 Stores to 71 Stores.
Now enter the Next Phase (5 years) -- new store format 20,000 sqft vs 6,000 - they only have 5 locations under the new format.. over time, square footage is set to triple or more. And they will still only have a fraction of $150 Billion industry.
Estimates are too low, the Float is tightly held, Mall Owners are chasing them (great for low occupancy costs), Under covered, Under owned... a LONG TERM winner.