8-K
filed March 27, 2023, 7:59 PM ET
ticker RH
CIK 0001528849
other material
confidence high
sentiment negative
materiality 0.85
RH restates FY22 Q1-Q3 EPS on share count error; adjusted EPS also revised after SEC review
RH
- Q1 FY22 basic EPS restated to $8.88 from $15.34; diluted EPS to $7.22 from $12.16.
- Q2 basic EPS restated to $5.00 from $5.95; Q3 diluted EPS unchanged at $3.78 but share count adjusted.
- Non-GAAP adjusted tax rate changed from 0% to projected rates (Q1 14.8%, Q2 24.3%, Q3 24.9%), reducing adjusted net income by $120.8M over nine months.
- Restatements stem from SEC comment letter review; no changes to revenue, gross profit, operating income, or cash flows.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RH reported THREE MONTHS ENDED JULY 30, 2022 results: net income $122,275, EPS $4.54.
- Period
- THREE MONTHS ENDED JULY 30, 2022
- Net income
- $122,275
- EPS
- $4.54
- Result
- reported results
Exact text from the filing
The following updated tables for the first through third quarters of fiscal 2022 reflect this presentation of the completed restatements as well as the Updated Non-GAAP Adjusted Net Income Information and adjusted diluted net income per share results as supplemental information.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RH reported NINE MONTHS ENDED OCTOBER 29, 2022 results: net income $421,746, EPS $15.65.
- Period
- NINE MONTHS ENDED OCTOBER 29, 2022
- Net income
- $421,746
- EPS
- $15.65
- Result
- reported results
Exact text from the filing
The following updated tables for the first through third quarters of fiscal 2022 reflect this presentation of the completed restatements as well as the Updated Non-GAAP Adjusted Net Income Information and adjusted diluted net income per share results as supplemental information.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RH reported THREE MONTHS ENDED OCTOBER 29, 2022 results: net income $98,760, EPS $3.78.
- Period
- THREE MONTHS ENDED OCTOBER 29, 2022
- Net income
- $98,760
- EPS
- $3.78
- Result
- reported results
Exact text from the filing
The following updated tables for the first through third quarters of fiscal 2022 reflect this presentation of the completed restatements as well as the Updated Non-GAAP Adjusted Net Income Information and adjusted diluted net income per share results as supplemental information.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RH reported THREE MONTHS ENDED APRIL 30, 2022 results: net income $200,711, EPS $7.22.
- Period
- THREE MONTHS ENDED APRIL 30, 2022
- Net income
- $200,711
- EPS
- $7.22
- Result
- reported results
Exact text from the filing
The following updated tables for the first through third quarters of fiscal 2022 reflect this presentation of the completed restatements as well as the Updated Non-GAAP Adjusted Net Income Information and adjusted diluted net income per share results as supplemental information.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
RH reported SIX MONTHS ENDED JULY 30, 2022 results: net income $322,986, EPS $11.80.
- Period
- SIX MONTHS ENDED JULY 30, 2022
- Net income
- $322,986
- EPS
- $11.80
- Result
- reported results
Exact text from the filing
The following updated tables for the first through third quarters of fiscal 2022 reflect this presentation of the completed restatements as well as the Updated Non-GAAP Adjusted Net Income Information and adjusted diluted net income per share results as supplemental information.
View on SEC.gov
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