RH FY2022 revenue $3.59B (-4.5% YoY); guides FY2023 revenue $2.9-3.1B, cuts 440 roles

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

FY2022 GAAP diluted EPS $19.90 vs $22.13 prior year; adjusted diluted EPS $20.06 vs $26.12.
Q4 GAAP net revenue $772M (-14.5% YoY); Q4 adjusted diluted EPS $2.88 vs $5.66.
FY2023 revenue guidance $2.9-3.1B (down from $3.59B); adjusted operating margin 15%-17% (down from 22%).
Eliminated ~440 roles; expects ~$50M annual cost savings.
Raised $2.5B long-term debt to capitalize on market dislocation.

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 fourth quarter and fiscal year 2022 ended January 28, 2023.

Period: the fourth quarter and fiscal year 2022 ended January 28, 2023
Result: reported results

Exact text from the filing

On March 29, 2023, RH released its financial results for the fourth quarter and fiscal year 2022 ended January 28, 2023 in a letter to shareholders that is available on the investor relations section of its website.

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Source: SEC EDGAR

accession 0001558370-23-004922

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