secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001558370-23-004922
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023004922/0001558370-23-004922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023004922/rh-20230329x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-004922

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer