$RH(RH.US)(RH.US) missed on 2Q Revs ($899M vs $905M est) and Adj EPS ($2.93 vs $3.22 est) and guided to lower 3Q revs (+8-10% YoY vs +11% est) and FY’26 revs (+9-11% YoY growth vs prior est of +10-13% YoY growth). Remarkably, RH is down just -3% AH, perhaps because mgmt blamed the FY Rev guidance cut on new tariffs that caused a seasonal catalogue to be delayed by 8 weeks so the company could finalize pricing, which will cause $40M in revs to be pushed to next year. We expect $RH(RH.US)(RH.US) stock to trend lower after the earnings call, which begins at 5pm ET. No position.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
