The earnings call highlighted strong revenue growth, international expansion, and positive cash flow amidst a challenging housing market and economic uncertainty. However, the disruptions caused by tariffs and a significant debt burden were notable concerns.

Company Guidance -

Q1 2025

During the RH First Quarter 2025 Earnings Call, CEO Gary Friedman highlighted several key metrics and strategic initiatives that are guiding the company forward. Despite facing a challenging housing market, RH reported a 12% increase in revenue for the first quarter, with an adjusted operating margin of 7% and an adjusted EBITDA margin of 13.1%. The company generated a positive free cash flow of $34 million during the quarter. RH's international expansion is proving successful, with RH England's gallery demand up 47% and online demand up 44% in the first quarter. The company forecasts full-year demand at RH England to reach approximately $37 million to $39 million, with online demand at around $8 million. RH is also seeing acceleration in Europe, with 60% demand growth in the first quarter across comparable galleries in Munich and Dusseldorf. For fiscal 2025, RH is maintaining its guidance, projecting revenue growth of 10% to 13%, an adjusted operating margin of 14% to 15%, an adjusted EBITDA margin of 20% to 21%, and free cash flow of $250 million to $350 million. Additionally, the company plans to reduce sourcing from China, expecting receipts to decrease from 16% in Q1 to 2% in Q4, and aims for 52% of its upholstered furniture to be produced in the U.S. by the end of 2025.

Revenue Growth Amidst Housing Market Challenges

Despite the challenging housing market conditions, RH achieved a 12% increase in revenue for the first quarter of fiscal 2025.

Strong International Performance

RH England's gallery demand increased by 47%, and online demand grew by 44% in the first quarter. Additionally, demand growth in Europe accelerated by 60% across RH Munich and RH Dusseldorf.

Positive Free Cash Flow

RH generated positive free cash flow of $34 million in the first quarter, with a forecasted free cash flow of $250 million to $350 million for fiscal 2025.

Expansion and Strategic Growth

RH plans the opening of seven new design galleries in various locations, and significant growth plans in Europe including the launch of RH Paris.

Margin and Cash Flow Projections

Forecasting adjusted operating margin of 14% to 15% and adjusted EBITDA margin of 20% to 21% for fiscal 2025, with reduced capital expenditure planned for future years.

RH (RH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2025 (Q2)	3.23 / -	1.69	―	―	―
Jun 13, 2025	2025 (Q1)	-0.09 / 0.13	-0.4	132.50% (+0.53)	―
Apr 02, 2025	2024 (Q4)	1.92 / 1.58	0.72	119.44% (+0.86)	―
Dec 12, 2024	2024 (Q3)	2.65 / 2.48	-0.42	690.48% (+2.90)	―
Sep 12, 2024	2024 (Q2)	1.56 / 1.69	3.93	-57.00% (-2.24)	―
Jun 13, 2024	2024 (Q1)	-0.13 / -0.40	2.21	-118.10% (-2.61)	―
Mar 27, 2024	2023 (Q4)	1.67 / 0.72	2.88	-75.00% (-2.16)	―
Dec 07, 2023	2023 (Q3)	0.94 / -0.42	5.63	-107.46% (-6.05)	―
Sep 07, 2023	2023 (Q2)	2.65 / 3.93	8.08	-51.36% (-4.15)	―
May 25, 2023	2023 (Q1)	2.12 / 2.21	7.78	-71.59% (-5.57)	―

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

RH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 13, 2025	$189.12	$189.29	+0.09%
Apr 02, 2025	$249.35	$149.39	-40.09%
Dec 12, 2024	$381.38	$446.04	+16.95%
Sep 12, 2024	$256.49	$321.87	+25.49%

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 (RH) report earnings?

RH (RH) is schdueled to report earning on Sep 04, 2025, After Close (Confirmed).

What is RH (RH) earnings time?

RH (RH) earnings time is at Sep 04, 2025, 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 RH EPS forecast?

RH EPS forecast for the fiscal quarter 2025 (Q2) is 3.23.

RH (RH) Earnings News

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RH Crumbles on Earnings Miss

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