secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001558370-22-014280
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RH Q2 revenue $992M flat YoY, adj EPS $8.08; Q3 revenue outlook -15% to -18%
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- GAAP net income $122M ($5.37 diluted EPS) vs $227M ($7.09) last year; adjusted net income $217M ($8.08) vs $252M ($8.48).
- Adjusted operating margin 24.7% (down 190 bps); gross margin expanded 350 bps to 52.8% on pricing discipline.
- Q3 net revenue guidance -15% to -18%; FY 2022 revenue -3.5% to -5.5%, adjusted operating margin 21-21.5%.
- Repurchased 1M shares at ~$255 and $57M convertible notes for $82M cash in Q2.
- RH England delayed to Spring 2023; RH Palo Alto to Q1 2023 amid macro headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837022014280/0001558370-22-014280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837022014280/rh-20220908x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014280

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