RH
184.31-8.94 (-4.63%)
Oct 29, 4:00:02 PM EDT · NYSE · RH · USD
Key Stats
Market Cap
3.45BP/E (TTM)
34.39Basic EPS (TTM)
5.36Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
RH posted solid Q2 FY2025 results, with net revenues up 8.4% y/y to $899M, driven by core business growth from product transformation and new Gallery openings, while Waterworks added 7.6% y/y to $52M. Gross margin expanded 30bps y/y to 45.5%, thanks to shipping and occupancy leverage, though offset by $2.6M inventory impairments and $1.4M product recall costs; operating income rose 34.1% y/y to $129M. Diluted EPS climbed to $2.62 from $1.45, reconciling to 19.7M weighted shares. Operating cash flow for H1 surged to $224M from $67M, yielding $115M free cash flow (derived) after $110M capex; cash stood at $35M with $418M ABL availability, against $2.5B total debt including $1.9B Term Loan B at 6.97%. Closed a $32M cash acquisition of Formations and Dennis & Leen in July 2025, recognizing $2.8M goodwill. Yet competition in luxury home furnishings remains fierce.
8-K
RH Q2 beats amid tariffs
RH posted Q2 revenues up 8.4% to $899.2M and net income surging 79% to $51.7M, with adjusted operating margin hitting 15.1% amid a dismal housing market. Demand jumped 13.7%, fueled by European momentum like RH Paris's strong launch, yet tariff woes prompted revised FY25 guidance: 9-11% revenue growth and $250-300M free cash flow. Tariffs drag margins, but U.S. manufacturing ramps to 52% for upholstery.
8-K
RH extends credit maturity
RH extended its $600 million revolving credit facility's maturity by four years via an amendment on July 31, 2025, adding First-Citizens Bank & Trust Company as a new lender. The deal preserves the $300 million accordion to potentially reach $900 million, secured by inventory, receivables, and IP, while keeping covenants light—mostly a fixed charge coverage ratio kicking in below $40 million availability. Borrowing stays tied to collateral values. Yet risks linger if business falters.
8-K
RH annual meeting results
RH shareholders at the June 26, 2025 annual meeting elected Eri Chaya, Mark Demilio, and Leonard Schlesinger as Class I directors for three-year terms ending in 2028, with strong support for Schlesinger at 13.7 million votes for versus 662,000 withheld. They also approved executive compensation on an advisory basis, with 14 million votes in favor against 354,000 opposed. PricewaterhouseCoopers LLP's appointment as auditor for the fiscal year ending January 31, 2026, passed overwhelmingly at 16.3 million for. Board continuity holds firm.
10-Q
Q1 FY2025 results
RH posted solid Q1 FY2025 results, with net revenues climbing 12.0% year-over-year to $813.952M, fueled by core business growth and new product launches, while gross margin edged up 0.2 points to 43.7% on better occupancy leverage. Operating income held steady at $55.911M, but net income swung to $8.039M from a $3.625M loss, thanks to an $8.205M equity investment gain; diluted EPS improved to $0.40 from -$0.20, reconciling with 19.913M shares. Cash from operations jumped 54% to $86.641M, driving free cash flow of $34.076M after $52.565M capex, with cash at $46.084M and $368M ABL availability against $2.603B debt. No major M&A, but liquidity supports expansion. Yet competition in luxury furnishings remains fierce.
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