Overview
- RH reported first-quarter results that beat expectations, posting a loss of $1.97 per share and revenue of $800.328 million.
- The company nudged up its fiscal 2026 sales range to $3.594 billion–$3.715 billion from $3.577 billion–$3.715 billion.
- RH projected second-quarter revenue of $903.6 million to $921.6 million, a range that sits below the Wall Street consensus and tightened near-term visibility.
- Shares fell about 5.8% on the trading day after the release while several analysts raised price targets, reflecting divided views on risk and upside.
- Analysts highlighted operating strength—adjusted EBITDA came in roughly 30% above expectations—and flagged catalysts such as RH Estates and the planned London opening that could reshape the company’s trajectory over the next 12 months.