Rh (RH)
NYSE:RH
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Earnings Data
Report Date
Sep 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.46Last Year’s EPS
2.93Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call mixed a clear operating beat and an upgraded FY26 outlook with an ambitious strategic push (RH Estates and major European galleries) and a concrete plan to convert backorders and drive H2 acceleration. However, material near-term margin headwinds from international preopening/start-up costs (hundreds of basis points), elevated backorders (~$75M), post‑COVID capital cost inflation, and macro weakness temper the optimism. Management emphasized long-term upside (IP, unique product assortment, trade program, and deleveraging actions) while acknowledging short-term execution and cost pressures.Company Guidance
Q1 Revenue and EBITDA Beat
Reported first quarter revenue of $800.3 million and adjusted EBITDA margin of 7.1%, both exceeding the high end of company expectations.
Raised Fiscal Year 2026 Outlook
Management raised FY26 guidance to revenue growth of 4.5%–8.0%, adjusted EBITDA margin of 14.2%–16.0%, and adjusted free cash flow of $300M–$400M (note: guidance includes estimated headwind from international preopening/start-up costs).
RH Estates Launch and International Expansion
Announced RH Estates (bespoke furniture and RH Couture upholstery) and openings in Madrid and Milan with London upcoming; management expects Estates to contribute ~500 basis points (~$100M) to the back half of the year and to materially expand addressable luxury market share.
Concrete Bridge to Second-Half Acceleration
Management outlined a three-part plan to accelerate from flat H1 to ~+12% H2: backlog reduction (~4.5 percentage points), new store growth (~2.5 points), and new-concept (Estates) growth (~5 points).
Intellectual Property and Exclusive Assortment
Company disclosed patent pendings and claimed 65%–80% of the Estates book is protected; acquisitions (e.g., Dmitriy & Co., Joseph Jeup) and exclusive sourcing position RH with unique high-end assortments not broadly available at retail.
Balance Sheet and Deleveraging Plan
Management reiterated priority to reduce debt (targeting being debt-free by 2029), plans for asset monetization with expected asset sales roughly $200M–$250M per year over next two years, and completed transactions gaining 100% control of 8 Aspen properties to accelerate monetization.
RH 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
RH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 11, 2026 | $159.32 | $153.04 | -3.94% |
Mar 31, 2026 | $139.82 | $112.85 | -19.29% |
Dec 11, 2025 | $153.31 | $162.01 | +5.67% |
Sep 11, 2025 | $228.12 | $217.62 | -4.60% |
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 03, 2026, After Close (Confirmed).
What is Rh (RH) earnings time?
Rh (RH) earnings time is at Sep 03, 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 RH EPS forecast?
RH EPS forecast for the fiscal quarter 2026 (Q2) is 0.46.
