secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001104659-22-075797
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000110465922075797/0001104659-22-075797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000110465922075797/tm2220059d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-075797

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer