---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010460"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:28:50.381378+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-010460
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837023010460/0001558370-23-010460-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837023010460/rh-20230525x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010460
- JSON: https://secwatch.observer/filing/0001558370-23-010460.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010460.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023010460/0001558370-23-010460-index.htm

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