secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001558370-23-019626
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023019626/0001558370-23-019626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837023019626/rh-20231207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019626

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