RH remains a hold as Q1 revenue declined 1.7% and margins compressed, despite management's upgraded FY 2026 guidance. The H2 recovery thesis hinges on backlog normalization, new store growth, and RH Estates, but execution risk remains high. Margin pressures persist due to rising occupancy, international expansion costs, and declining product margins in the core business.
RH (RH) Q1 2027 Earnings Call Transcript
RH NYSE: RH raised its fiscal 2026 outlook after first-quarter revenue and adjusted EBITDA margin exceeded the high end of its expectations, even as the luxury home furnishings company said tariff-related resourcing kept back orders and special orders elevated.
RH (RH) came out with a quarterly loss of $1.97 per share versus the Zacks Consensus Estimate of a loss of $2.13. This compares to earnings of $0.13 per share a year ago.
The furniture retailer said it now expects revenue growth of 4.5% to 8% for the fiscal year, raising the lower end of its prior range of 4% to 8%.
RH's Q1 results are likely to reflect housing weakness, tariffs and expansion costs amid gallery momentum and Milan/London buildout.
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In the most recent trading session, RH (RH) closed at $138.46, indicating a +1.5% shift from the previous trading day.
RH (RH) closed the most recent trading day at $120.72, moving 1.99% from the previous trading session.
In the latest trading session, RH (RH) closed at $129.2, marking a -3.5% move from the previous day.
RH (RH) reported earnings 30 days ago. What's next for the stock?
RH (RH) closed the most recent trading day at $136.05, moving 1.06% from the previous trading session.