secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001558370-23-000847
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

RH restates prior quarterly EPS due to debt extinguishment accounting error; updates FY2022 guidance
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- Restating Q1-Q3 FY2022 EPS: basic EPS corrected from $15.34 to $8.88 (Q1), $5.95 to $5.00 (Q2), $25.07 to $17.88 (Q3).
- Diluted EPS corrected from $12.16 to $7.22 (Q1), $5.37 to $4.54 (Q2), $21.70 to $15.65 (Q3). Net income unchanged.
- Identified material weakness in internal controls over financial reporting; disclosure controls also ineffective.
- FY2022 guidance: revenue growth at lower end of prior (3.5%-4.5%) decline; adjusted operating margin toward high end of 21.5%-22.0%.
- Non-GAAP adjusted effective tax rate to increase above 0%, reducing previously reported adjusted diluted EPS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023000847/0001558370-23-000847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023000847/rh-20230201x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000847

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