secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001558370-23-015550
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023015550/0001558370-23-015550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023015550/rh-20230907x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015550

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