RH (GB:0KTF)
LSE:0KTF
Earnings Data
Report Date
Jun 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-2.08Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong financial improvements (8% revenue growth, adjusted EBITDA growth to $597M, and a $466M swing to positive free cash flow) and articulated a detailed, capital-efficient global expansion and product strategy (RH Estates, immersive galleries, hospitality, manufacturing initiatives and real estate monetization) with credible long-term targets (2030 revenue and margin goals). Near-term headwinds include tariff impacts (noted ~$170–$190M/Q4 and ~90 bps drag), supply-chain and backorder issues, timing delays on Estates and peak investment-driven margin pressure that depress short-term earnings and prompted conservative 2026 guidance. Overall the strategic progress, FCF turnaround and clear long-range targets outweigh the near-term operational and macro risks, but investors should note execution and policy risk in the near term.Company Guidance
Revenue Growth and Peer Outperformance
FY2025 revenue grew 8% year-over-year and 2-year growth was 15%, outpacing furniture industry peers by 8 to 30 percentage points.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA increased to $597 million (17.3% of revenues) in 2025 versus $539 million (16.9% of revenues) in 2024, reflecting margin improvement despite heavy investment.
Free Cash Flow Turnaround
Free cash flow turned positive at $252 million in 2025 versus negative $214 million in 2024, a year-over-year improvement of $466 million.
Strategic Investments and Acquisitions to Enable Growth
2025 was a peak investment year with $289 million of adjusted capital expenditure plus $37 million spent acquiring Michael Taylor, Formations and Dennis & Leen to support the RH Estates launch and product expansion.
RH Estates Launch and Product Expansion
RH Estates (targeting the traditional/classic luxury market) is launching spring with sourcebook mid-May and initial freestanding Estates Galleries in Greenwich and San Francisco; management expects Estates to become the largest and highest-margin brand extension over time.
Physical-First Global Platform and Hospitality Strategy
Company operates 26 restaurants today (driving traffic) and plans to reach 40 by end of 2027; major immersive galleries are opening in Paris, Milan and London, and new formats (design compounds, ecosystems, single-story galleries) are intended to scale the brand more capital efficiently.
Clear Long-Term Financial Targets and Balance Sheet Plan
Guidance includes 2026 revenue growth of 4–8% (14–16% adjusted EBITDA margin), acceleration to 10–12% growth in 2027, 2030 revenue target of $5.4–$5.8 billion, adjusted EBITDA of 25–28% by 2030, projected cash flow $300–$400M in 2026 and $500–$600M in 2027 (including $200–$250M/year asset sales), cumulative cash flow $3B by 2030, and target to be debt-free by 2029.
Real Estate Monetization Opportunity
Management identifies roughly $0.5 billion of real estate assets available for monetization and plans $200–$250 million of asset sales per year (sale-leasebacks and select non-core properties) to improve liquidity and lower interest expense.
GB:0KTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0KTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $138.00 | $110.18 | -20.16% |
Dec 11, 2025 | $153.90 | $165.47 | +7.52% |
Sep 11, 2025 | $230.35 | $218.08 | -5.33% |
Jun 13, 2025 | $192.36 | $189.59 | -1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does RH (GB:0KTF) report earnings?
RH (GB:0KTF) is schdueled to report earning on Jun 04, 2026, After Close (Confirmed).
What is RH (GB:0KTF) earnings time?
RH (GB:0KTF) earnings time is at Jun 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of RH stock?
The P/E ratio of RH is N/A.
What is GB:0KTF EPS forecast?
GB:0KTF EPS forecast for the fiscal quarter 2026 (Q1) is -2.08.
