earnings
confidence high
sentiment neutral
materiality 0.75
RH reports FY2023 revenue $3.029B, adjusted EBITDA margin 18.2%; guides FY2024 demand growth 12-14%
RH
2024-FY EPS reported
$5.91
revenue$3,029,126,000
- GAAP net revenue $3.029B in FY2023; GAAP net income $128M; adjusted net income $147M; adjusted EBITDA margin 18.2%.
- Q4 revenue $738M, GAAP net income $11M, adjusted net income $14M; adjusted EBITDA margin 15.3%.
- Repurchased 7.6M shares (~35% of shares outstanding) during FY2022-2023.
- FY2024 guidance: demand growth 12-14%, revenue growth 8-10%; adjusted operating margin 13-14%, adjusted EBITDA margin 18-19%.
- Q1 FY2024: demand growth mid-single digits, revenue decline low-single digits; adjusted operating margin 6-7%.