RH reports Q2 revenue $800M (-19% YoY), EPS $3.36 vs $4.54; repurchases 17% of shares

2023-Q2 EPS reported $5.09 revenue$1,539,641,000

Q2 GAAP net revenue $800M vs $992M prior year; GAAP diluted EPS $3.36 vs $4.54.
Adjusted diluted EPS $3.93 vs $6.12; adjusted operating margin 20.2% exceeded guidance.
Raised low-end of FY2023 revenue guidance to $3.04B-$3.1B; maintains adjusted op margin 14.5%-15.5%.
Repurchased 3.7M shares in Q2 at avg $325.65, representing ~17% of shares outstanding at start of Q2.
Q3 revenue forecast $740M-$760M; expects inflection in H2 2023 with new sourcebooks and gallery openings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RH reported fiscal 2023 results: revenue $3.04 billion to $3.1 billion. Guidance raised.

Period: fiscal 2023
Revenue: $3.04 billion to $3.1 billion
Guidance: raised
Result: guidance update

Exact text from the filing

We are raising the low end of our revenue guidance for the year, and now expect revenue in the range of $3.04 billion to $3.1 billion versus our prior outlook of $3.0 to $3.1 billion, and are maintaining our outlook for adjusted operating margin of 14.5% to 15.5%.

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Source: SEC EDGAR

accession 0001558370-23-015550

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