RH Reports Q2 Beat, Provides Guidance, Shares Up 3%

RH (NYSE: RH) shares rose more than 3% after-hours following the company’s reported Q2 results, with EPS of $8.08 coming in better than the consensus estimate of $6.63. Revenue was $992 million, beating the consensus estimate of $968.91 million.

Given continued softening in business trends during the remainder of fiscal 2022, the uncertain macro environment and the shift of RH England to the Spring of 2023, the company expects Q3/22 net revenue growth in the range of (15%)-(18%) with an adjusted operating margin in the range of 18.5%-19.0%.

For the full 2022 year, the company expects net revenue growth in the range of (3.5%)-(5.5%) with an adjusted operating margin in the range of 21.0%-21.5%.

By Davit Kirakosyan

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