RH restates Q1 FY22 EPS; revenue $957M, diluted EPS $7.22

2023-FY EPS reported $19.90 revenue$3,590,477,000

Net income $200.7M on revenue $957.3M (+11% YoY); GAAP diluted EPS $7.22 (restated).
Restatements correct EPS calculation errors and modify non-GAAP adjusted tax rate to 14.8% from 0.0%.
Adjusted net income $181.3M, adjusted diluted EPS $6.63; free cash flow $106.6M.
Items: $146M loss on debt extinguishment, $11.7M payroll taxes on option exercise, $7.2M professional fees.
Restatements limited to GAAP EPS and non-GAAP methodology; no change to cash flow or balance sheet.

item 4.02 item 2.02 item 9.01

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 financial results for the first quarter ended April 30, 2022.

Period: the first quarter ended April 30, 2022
Result: reported results

Exact text from the filing

On March 27, 2023, the Company amended it previously reported financial results for the first quarter ended April 30, 2022.

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Source: SEC EDGAR

accession 0001558370-23-004718

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