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RH Q2 2025 Earnings Report

RH Q2 2025 Earnings Report

September 15, 2025 Victoria Sterling -Business Editor Business

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RH Shares Dip After Q2 Miss, Outlook Cut‌ Amid⁣ Tariff Concerns

Shares of RH (formerly ​Restoration Hardware) experienced a slight ​decline on Friday, November ⁢3, 2023, following the release of its fiscal second-quarter earnings report on Thursday, November 2, 2023. The luxury furniture retailer significantly ⁢underperformed revenue expectations ⁢and substantially lowered its​ full-year revenue guidance, citing ongoing impacts from​ tariffs and a softening luxury market. The news triggered investor concern ‌about⁤ the company’s ⁤growth trajectory.

What: RH (RH) reported disappointing Q2 ​earnings and reduced‌ its full-year revenue outlook.
​ ‍ ⁣
Where: ‍ RH is headquartered in Corte Madera, California. the impact is felt⁤ across​ its retail locations and online sales channels.
‍ ‌
when: Earnings reported November 2, ⁤2023; share price ​reaction November ​3,⁣ 2023.
⁢
Why it ⁢Matters: RH’s ⁣performance is a bellwether for the luxury home goods ‌market. The miss signals​ potential headwinds for ‍the sector.
What’s Next: Investors will be closely watching RH’s‌ strategies to navigate⁤ tariff challenges and stimulate demand.
⁣ ⁣

Q2 ​Earnings breakdown

RH reported net revenue of $803.6 million for the second quarter of ⁢fiscal year 2023, a decrease of 2% compared to $818.1 million in the same period last year (RH investor ⁤relations,november 2,2023). This fell short of analyst expectations of $838.4 million, according to Refinitiv data (CNBC, November 2, 2023). Comparable sales decreased 4.3% year-over-year.

The company’s ⁣net income‍ for the quarter was $67.5 million, or $1.17 per share, compared to $72.1 million, or $1.24‌ per share,in the prior-year ⁤period.Adjusted earnings per share were $1.13, ​also below consensus⁤ estimates.

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Metric Q2 2023 Q2 2022 Change (%)
Net Revenue $803.6M $818.1M -2.0%
Comparable Sales -4.3% – –
Net Income $67.5M $72.1M -6.4%
EPS $1.17 $1.24 -5.6%