It's time to get excited about Restoration Hardware (NASDAQ:RSTO) again. The specialty retailer was a trendy place to shop for home decor before it stumbled. But in its most recent quarter, Restoration shocked the market by posting better-than-expected results.

Net sales soared 24% higher, fueled by a 4.3% spike in comps and heady growth in its consumer-direct business. The company squeezed out a profit of $0.01 a share.

Not impressed by the penny? You should be. Restoration runs a highly seasonal business. For years, the company's financial performance has been pretty predictable. Restoration posts a loss during the first three fiscal quarters before scoring well with holiday shoppers during its final January quarter.

Last night's report breaks that streak. Restoration expects to close out the current quarter back in the red, but the unlikely profit is encouraging. The company's resurgence is even more impressive because the 4.3% comps were stacked on top of a 5.6% boost a year earlier. In other words, same-store sales have surged 10.1% higher over the past two years.

Restoration's momentum also seems to buck its niche. Last week, Williams-Sonoma (NYSE:WSM) lowered its guidance. Pier 1 (NYSE:PIR) remains in a funk, with last month's comps clocking in a devastating 15% lower. Bombay (NYSE:BBA) saw its July quarter deficit widen on a dip in sales.

Yes, Restoration Hardware is in a good place. With the stock still trading in the single digits, that place also happens to be refreshingly uncrowded.

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Longtime Fool contributor Rick Munarriz has been burned by Restoration Hardware before, but he hasn't been an investor in the stock for years. He does not own shares in any of the companies mentioned in this story. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.The Fool has a disclosure policy.