earnings
confidence high
sentiment positive
materiality 0.75
RH Q2 revenue +8.4% to $899M, net income +79%; FY25 guidance revised lower on tariffs
RH
2025-Q2 EPS reported
$3.01
revenue$1,713,103,000
- GAAP net income $51.7M, adjusted operating margin 15.1%, adjusted EBITDA margin 20.6%.
- Demand up 13.7%; free cash flow $80.7M in Q2.
- FY25 outlook: revenue growth 9-11%, adj. EBITDA margin 19-20%, free cash flow $250-300M.
- Tariff impact: $30M net cost in H2; Fall Interiors Sourcebook delayed 8 weeks, brand extension pushed to Spring 2026.
- RH Paris opened Sept 5; design pipeline first 6 days exceeded prior 5 European galleries combined.