---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-075797"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2022-06-29T23:59:59+00:00"
generated_at: "2026-06-24T22:21:12.449146+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RH cuts FY2022 guidance: expects net revenue decline of 2-5%, adjusted operating margin 21-22%

## Summary
- FY2022 net revenue growth guidance revised to (2%) to (5%) vs. prior; adjusted operating margin forecast 21.0%-22.0%.
- Q2 net revenue growth expected (1%) to (3%); adjusted operating margin 23.0%-23.5% unchanged from prior.
- CEO cites deteriorating macro: mortgage rates double, luxury home sales down 18% in Q1, demand expected to slow.
- No share repurchases executed since stock buyback authorization expansion on June 2, 2022.

## SEC filing metadata
- accession: 0001104659-22-075797
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2022-06-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000110465922075797/0001104659-22-075797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000110465922075797/tm2220059d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-075797
- JSON: https://secwatch.observer/filing/0001104659-22-075797.json
- Plain text: https://secwatch.observer/filing/0001104659-22-075797.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.