---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015550"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:46:20.478158+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-015550
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837023015550/0001558370-23-015550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837023015550/rh-20230907x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015550
- JSON: https://secwatch.observer/filing/0001558370-23-015550.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015550.txt

## Key facts
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528849/000155837023015550/0001558370-23-015550-index.htm

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