earnings
confidence high
sentiment neutral
materiality 0.80
RH reports record FY2021: rev $3.76B (+32%), adj EPS $26.12; guides FY22 rev growth 5-7%
RH
2021-FY EPS reported
$22.13
revenue$3,758,820,000
- FY GAAP net revenue $3.759B (+32% YoY); GAAP diluted EPS $22.13 (+122%), adj diluted EPS $26.12 (+46%).
- Q4 GAAP net revenue $903M (+11% YoY), adj diluted EPS $5.66 (+12%).
- Free cash flow $477M for year; net debt $90M; ROIC 73%.
- FY2022 guidance: net revenue growth 5-7%, adj operating margin 25-26% (vs 25.6% in 2021).
- Demand softened in Q1 coinciding with Russia-Ukraine invasion; backlog ~$200M.