RH Q3 net revenues $751M, GAAP net loss $2M, narrows FY guidance

2023-Q3 EPS reported $5.23 revenue$2,290,866,000

Q3 net revenues $751M vs $869M LY; GAAP diluted EPS loss $(0.12) vs $3.78 LY; adjusted diluted EPS loss $(0.42) vs $4.26 LY.
Guidance narrowed: FY revenue $3.06B-$3.08B; adjusted operating margin 13.6%-14.0%.
GAAP gross margin 45.3% vs 48.4% LY; adjusted gross margin 45.3% vs 49.7% LY.
In contract to acquire New York Guesthouse for ~$58M (appraised at $85M); Q4 close expected.
Delaying RH Modern Sourcebook mailing to Q1 2024; cites mortgage rates >8% and geopolitical headwinds.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RH reported the third quarter ended October 28, 2023 results: revenue $751M, net income $(2M), EPS $(0.12). Guidance reaffirmed.

Period: the third quarter ended October 28, 2023
Revenue: $751M
Net income: $(2M)
EPS: $(0.12)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FINANCIAL RESULTS AND SHAREHOLDER LETTER A LETTER FROM OUR CHAIRMAN AND CEO RH REPORTS THIRD QUARTER RESULTS THIRD QUARTER 2023 HIGHLIGHTS Q3 GAAP NET REVENUES OF $751M VS. $869M LY Q3 ADJUSTED NET REVENUES OF $751M VS. $869M LY Q3 GAAP GROSS MARGIN OF 45.3% VS. 48.4% LY Q3 ADJUSTED GROSS MARGIN OF 45.3% VS. 49.7% LY Q3 GAAP OPERATING MARGIN OF

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

RH filing history →

Source: SEC EDGAR

accession 0001558370-23-019626

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.