secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001558370-23-010460
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023010460/0001558370-23-010460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023010460/rh-20230525x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010460

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