RH (RH) Tops Q1 EPS by $2.40, Revenues Beat; Sees Q2 Revenue Down 1-3%, FY22 Revenue Up 0-2%
RH (NYSE: RH) reported Q1 EPS of $7.78, $2.40 better than the analyst estimate of $5.38. Revenue for the quarter came in at $957 million versus the consensus estimate of $924.81 million.
- Q1 GAAP GROSS MARGIN INCREASED 480 BASIS POINTS TO 52.1% VS. 47.3% LY Q1
- ADJUSTED GROSS MARGIN INCREASED 480 BASIS POINTS TO 52.1% VS. 47.3% LY
GUIDANCE:
Second quarter net revenue in the range of (1%) to (3%), versus up 39% last year, with adjusted operating margin in the range of 23.0% to 23.5%, versus 26.6% a year ago.
Fiscal 2022 net revenue growth in the range of 0% to 2%, versus up 32% last year, with adjusted operating margin in the range of 23.0% to 24.0%, versus 25.6% a year ago.
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