RH Q3 revenue $869M (-14% YoY); adj. EPS $5.67 vs $7.03; FY22 outlook improved

2023-Q3 EPS reported $21.70 revenue$2,817,978,000

Q3 GAAP net revenue $869M (vs $1,006M LY); GAAP net income $99M vs $184M LY.
Q3 adjusted diluted EPS $5.67 (vs $7.03 LY); adjusted operating margin 20.8% (down from 27.7%).
FY2022 revenue growth outlook improved to -3.5% to -4.5%; adjusted operating margin raised to 21.5%-22.0%.
Acquired Dmitriy & Co (custom upholstery) and Jeup Inc. (bespoke furniture); hired Margaret Russell for RH Media.
Generated $102M adjusted free cash flow; cash $2.15B, net debt $375M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RH reported the third quarter ended October 29, 2022 results: revenue $869M, net income $99M, EPS $3.78. Guidance raised.

Period: the third quarter ended October 29, 2022
Revenue: $869M
Net income: $99M
EPS: $3.78
Guidance: raised
Result: reported results

Exact text from the filing

Q3 GAAP NET REVENUES OF $869M VS. $1,006M LY Q3 ADJUSTED NET REVENUES OF $869M VS. $1,006M LY Q3 GAAP GROSS MARGIN OF 48.4% VS. 50.2% LY Q3 ADJUSTED GROSS MARGIN OF 49.7% VS. 50.2% LY Q3 GAAP OPERATING MARGIN OF 19.6% VS. 27.1% LY Q3 ADJUSTED OPERATING MARGIN OF 20.8% VS. 27.7% LY Q3 GAAP NET INCOME OF $99M VS. $184M LY Q3 ADJUSTED NET INCOME OF $147M VS. $209M LY (1) Q3 GAAP DILUTED EPS OF $3.78 VS. $5.88 LY Q3 ADJUSTED DILUTED EPS OF $5.67 VS. $7.03 LY (1)

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Source: SEC EDGAR

accession 0001558370-22-018482

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