secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001558370-22-009666
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RH reports record Q1 revenue $957M (+11% YoY); guides FY22 rev growth 0-2% amid demand softening
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- Q1 GAAP net income $201M (up 54% YoY); GAAP diluted EPS $12.16 vs $4.19; adjusted diluted EPS $7.78 vs $4.89.
- Q1 gross margin 52.1% (+480bps); adjusted operating margin 24.7% (+210bps).
- FY22 guidance: revenue 0-2% growth (vs +32% in FY21); Q2 rev down 1-3%; adj operating margin 23-24% (vs 25.6%).
- Demand softening since Ukraine invasion; company cites macro uncertainty and will shed less valuable market share.
- Board authorized additional $2.0B share repurchase (plus $450M remaining); CEO says shares undervalued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837022009666/0001558370-22-009666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837022009666/rh-20220602x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-009666

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