News Context

At a glance

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,...
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...
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...

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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.

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.

Breaking News: Business, Breaking News: Earnings, business, Business News, Donald J. Trump, Donald Trump, Gary Friedman, Retail industry, RH, United States

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%

RH Q2 2025 Earnings Report