RH corrects Q2 diluted share count; revenue down 19% to $800M, adj. EPS $3.93

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

Corrected fiscal 2023 estimated adjusted diluted shares: 21.61M–21.91M across stock prices $318–$418.
Q2 GAAP net revenue $800M vs $992M LY; GAAP diluted EPS $3.36 vs $4.54 LY.
Q2 adjusted operating margin 20.2% (down from 24.7%); adjusted diluted EPS $3.93 vs $6.12 LY.
FY2023 revenue guidance raised to $3.04–$3.1B; adj. op. margin maintained at 14.5%–15.5%.
Repurchased 3.7M shares in Q2 at avg $325.65 (~17% of shares outstanding).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

RH updated its the second quarter ended July 29, 2023 guidance (raised).

Period: the second quarter ended July 29, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On September 7, 2023, RH released its financial results for the second quarter ended July 29, 2023 by posting the Original Shareholder Letter on the investor relations section of the Company’s website.

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Source: SEC EDGAR

accession 0001558370-23-015615

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