secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001558370-24-009144
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RH Q1 revenue $727M, adjusted op margin 6.5%; maintains FY demand growth guidance 12-14%
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- Q1 net revenues $727M; GAAP operating margin 7.5%, adjusted 6.5%; adjusted EBITDA margin 12.3%.
- Demand up 3% in Q1; FY demand growth guided 12-14%, revenue growth 8-10% (52-wk basis).
- Q2 demand growth guided 9-10%, revenue growth 3-4%; adjusted op margin 11-12%.
- Backlog expected to increase ~$110-130M by year-end; international expansion a ~200bp margin drag.
- CEO cites challenging housing market but sees momentum from product transformation and new galleries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837024009144/0001558370-24-009144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837024009144/rh-20240613x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009144

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