secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2026-09-10T20:50:01+00:00
Accession:  0001104659-26-106743
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RH Q2 revenue $922M beats guidance; FY adj EBITDA margin 15-16.2%; RH Estates launch
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- Q2 revenue $922.2M, +2.6% YoY, above guidance; GAAP net income $60.2M.
- Adjusted EBITDA $178.5M (19.4% margin) incl. $55.1M tariff benefit; normalized adj. EBITDA $123.5M (13.4%).
- FY2026 outlook: revenue +5.5-7.0%, adj. EBITDA margin 15.0-16.2%, FCF+asset sales+distributions $300-400M.
- Launched RH Estates brand extension; avg price point 45% higher, potential to double TAM; Q4 revenue growth guided 16.1-21.2%.
- RH London opened June 27; design pipeline ~$7M in 8 weeks; international drag to ease to 250 bps in H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000110465926106743/0001104659-26-106743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000110465926106743/rh-20260910x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-106743

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