RH Q1 Revenue Beats Estimates at $800.3M, Adjusted Loss Narrows; Guides for H2 Pickup
RH sits 49% above its 52-week low of $106.304.
Summary
RH reported Q1 GAAP net revenues of $800.3 million, a 1.7% decrease, which still beat analyst estimates of $792.8 million. The company also posted an adjusted loss per share of $1.97, outperforming the expected loss of $2.11. This Q1 performance is better than the 2-4% revenue decline RH had guided for in late March. The company reiterated its raised FY2026 revenue growth guidance of 4.5%-8% and provided Q2 revenue growth guidance of 0.5%-2.5%. The beat on Q1 revenue and EPS, combined with the positive full-year outlook, indicates improving trends. Management noted Q1 revenue was negatively impacted by $45 million due to higher backorder balances, which are expected to normalize by year-end, adding an estimated $75 million to H2 revenue. Investors will be watching Q2 results to confirm the anticipated pickup.
At the time of this announcement, RH was trading at $158.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3B. The 52-week trading range was $106.30 to $257.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.