---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-004729"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T14:49:38.352134+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RH restates FY22 Q1-Q3 EPS on share count error; adjusted EPS also revised after SEC review

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-004729
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/rh-20230327x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-004729
- JSON: https://secwatch.observer/filing/0001558370-23-004729.json
- Plain text: https://secwatch.observer/filing/0001558370-23-004729.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023004729/0001558370-23-004729-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.