RH Q1 revenue $739M vs $957M YoY; GAAP EPS $1.76 vs $7.22; FY outlook raised revenue, lowered margins

2023-Q1 EPS reported $1.76 revenue$739,162,000

Q1 GAAP revenue $739M (-23% YoY); GAAP net income $42M vs $201M; GAAP diluted EPS $1.76.
Adjusted diluted EPS $2.21 vs $6.63; adjusted operating margin 14.9% vs 24.7%.
FY2023 revenue outlook raised to $3.0-3.1B; adjusted op margin lowered to 14.5-15.5%.
Q2 forecast: revenue $765-775M, adjusted op margin 14-14.5%, includes $18M incremental ad spend.
Plans to open RH England June 9; global expansion into Brussels, Dusseldorf, Munich, Madrid over 18 months.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RH updated its the first quarter ended April 29, 2023 guidance (raised).

Period: the first quarter ended April 29, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On May 25, 2023, RH released its financial results for the first quarter ended April 29, 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 0001558370-23-010460

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