RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bath ware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.

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RH exceeds Q1 revenue expectations but faces challenges ahead

RH's Q1 performance exceeded expectations, but challenges lie ahead in the luxury housing market and supply chain costs. However, opportunities exist in expanding product lines, global presence, and targeting high net worth individuals. The company is focused on strengthening its balance sheet and transforming its product offerings.

RH Exceeds Q2 Revenue Expectations, Plans Global Expansion and Product Transformation

RH's Q2 performance exceeded expectations, and the company is strategically focused on global expansion, product transformation, and optimizing margins. However, uncertainties related to advertising spend and supplier bankruptcy pose challenges. Despite this, RH sees opportunities in international expansion and market share gains.

RH reports Q3 revenues in line with guidance, focuses on global expansion and margin management amidst market challenges

RH's Q3 performance met revenue guidance but faced challenges from headwinds in the housing market and higher expenses impacting operating margin. The company's strengths lie in its global expansion plans, positioning as a tastemaker, and disruptive pricing capabilities. RH sees opportunities for growth in international markets and aims to return to historical operating margins in the U.S.

RH reports solid fiscal year, anticipates challenges in 2023

RH had a strong fiscal year but anticipates challenges in fiscal 2023.
The company is focused on long-term strategies and cost management.
RH is confident in its ability to withstand market destabilization.
Strategies include product launches, global expansion, and cost savings.

RH exceeds Q1 revenue expectations, eyes global expansion growth

RH's Q1 performance exceeded expectations with a focus on long-term strategies.
Confident in returning to higher operating margins through global expansion and product transformation.
Facing challenges of economic uncertainties and market conditions but optimistic about opportunities.
Strengths lie in luxury brand positioning, disruptive approach, and control over distribution.
Overall, RH remains optimistic about its enduring brand and profitable model.

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Luxury furniture retailer RH reported strong Q2 earnings, but investor sentiment wavered due to concerns about headwinds in the luxury housing market. RH's ambitious expansion plan includes strategic advertising, new collections, and refreshed galleries. Beyond the housing market dynamics, it's worth delving into the spending habits of Britons to analyze the prospects for RH in England and beyond.

RH: Attractive Prospects Overshadowed By Weak Guidance (Rating Upgrade)

CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH), the leading global design and hospitality brand, provided an update regarding its intention to reimagine and restore One Ocean Drive, Miami Beach and the ongoing RFP process for this iconic public property. RH Chairman & CEO Gary Friedman has provided the update regarding the Company's vision for this historic property in a letter to the City of Miami Beach: To The Honorable Mayor and Commission of the City of Miami Beach, While disappoi.

RH Provides an Update Regarding the Proposal to Reimagine and Restore One Ocean Drive Miami Beach

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RH just spent most of its cash on an aggressive repurchase last quarter. The buyback comes amid a big strategy shift for the company and uncertainty in the housing market.

This Luxury Brand Just Repurchased Almost 20% of Its Stock: Genius or Risky?

Macroeconomic factors are hindering growth in the furniture space, which may be why Berkshire Hathaway got rid of its RH stock. RH is making a contrarian bet that improving macro conditions and its new lineup of inventory will catalyze its business to the upside.

Berkshire Hathaway Sold More Than 2 Million Shares of RH. You'll Never Believe What Company Just Bought All Those Shares and More.

Furniture retailers are seeing a slowdown in sales as Americans who are already struggling to afford homes aren't shelling out for a new dining table or couch.

Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools

RH stock fell double digits as the company reported another round of declining sales and profits. Revenue growth is expected to improve over the coming quarters.

1 Stock That Could Soar When the Housing Market Recovers

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U.S. stocks closed slightly higher on Friday but recorded losses last week. The S&P fell 1.3% to record its first negative week in three, while the Dow lost around 0.8% last week.

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Revenue is falling as the luxury retailer's operating environment remains challenging. Management expects a challenging market to persist into next year.

RH Continues Loading Up on Its Own Stock. Should You Buy Shares, Too?

RH (RH) shares sank more than 14% in midday trading after the high-end home furnishings retailer posted lower-than-expected guidance as rising mortgage rates affect luxury home sales.

RH Warns High Mortgage Rates Will Crimp Luxury Housing Market, Hurt Furniture Sales

RH's second-quarter fiscal 2023 results reflect the impact of soft housing demand trends and uncertain macroeconomic conditions.

RH's Q2 Earnings Beat Estimates, Margins Down, Q3 View Tepid

RH met expectations for the quarter, but weakness in the luxury retail market is clearly having an impact. The company remains confident about its long-term future, but in the near term it could be hard for RH to outperform.

Why RH Stock Is Down Today

RH (NYSE:RH) is suffering a steep post-earnings slide today.

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RH (NYSE:RH ) Q2 2023 Earnings Call Transcript September 7, 2023 5:00 PM ET Company Participants Allison Malkin - IR, ICR Gary Friedman - Chairman and CEO Jack Preston - CFO Conference Call Participants Steven Forbes - Guggenheim Securities Simeon Guttman - Morgan Stanley Steven Zaccone - Citi Brian Nagel - Oppenheimer Curtis Nagle - Bank of America Seth Basham - Wedbush Securities Max Rakhlenko - TD Cowen Brad Thomas - KeyBanc Capital Markets Jonathan Matuszewski - Jefferies Steve McManus - BNP Paribas Michael Lasser - UBS Cristina Fernandez - Telsey Advisory Group Operator Good afternoon. My name is Krista, and I'll be your conference operator today.

RH (RH) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for RH (RH) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RH (RH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Luxury furniture retailer RH on Thursday reported second-quarter results that topped estimates, but management warned that the higher-end housing market that the company depends on would likely remain rocky up ahead.

RH warns that luxury housing will remain challenging amid higher mortgage rates

RH (NYSE:RH), the parent company of Restoration Hardware, after Thursday's close reported second quarter 2023 revenue of $800 million, down from $992 million a year earlier but better than the Zacks Consensus estimate of $770.1 million.  The luxury home-furnishings company's adjusted earnings per share (EPS) for the period, meanwhile, came in at $3.93, exceeding expectations of $2.63.

RH 2Q financial results beat estimates; stock slides on mixed outlook

CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) has released its financial results for the second quarter ended July 29, 2023, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at ir.rh.com. As previously announced, RH leadership will host a live conference call and audio webcast at 2:00 pm Pacific Time (5:00 pm Eastern Time) today. The live conference call may be accessed by dialing 646.307.1963 or 8.

RH Reports Second Quarter 2023 Results

RH's fiscal Q2 results are likely to reflect subdued demand, supply-chain disruptions, and elevated operational expenses. However, online platforms and the implementation of various strategic initiatives are positives.

RH Queued for Q2 Earnings: Key Factors to Take Into Account

CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH), the leading global design and hospitality brand, announced its intention to reimagine and restore One Ocean Drive, Miami Beach, submitting an RFP and formally entering the bidding process for a long-term lease of this iconic public property. RH Chairman & CEO Gary Friedman has outlined the Company's vision for this historic property in the letter below: One Ocean Drive, Miami Beach. Arguably one of the best addresses in the world. Undeni.

RH Announces Proposal to Reimagine and Restore One Ocean Drive, Miami Beach

CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) today announced that it will report financial results for the second quarter fiscal 2023 ended July 29, 2023, on Thursday, September 7, 2023 after market close. RH's second quarter fiscal 2023 financial results press release will include a shareholder letter from Chairman and Chief Executive Officer, Gary Friedman, highlighting the Company's continued evolution and recent performance. The shareholder letter and financial results will be poste.

RH to Report Second Quarter Fiscal 2023 Financial Results on September 7, 2023

RH is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for RH This Earnings Season?

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News for RH Stock (RH)