RH (RH) shares plunged 10.7% in the after-hours trading session on Jun 13 after it reported tepid earnings for first-quarter fiscal 2024 (ended May 4, 2024). While RH expects business conditions to remain challenging until interest rates ease and the housing market begins to rebound, it expects demand trends to accelerate throughout fiscal 2024. The company reported an adjusted loss of 40 cents per share, which missed the consensus mark of a loss of 8 cents by a whopping 400%. Importantly, the reported figu ...

RH's profits disappoint RH continues to open new locations, including expanding into Europe. It also plans to open a showroom for its bathroom brand, Waterworks, later this year. But this is illustrative of why things are difficult for the company right now. Its stores are usually quite large and are intended to showcase the luxury flavor of its offerings. This gives the business high fixed costs, and when sales slump, as they are now, so too does profitability. RH's Q1 ended on May 4. During the quarter, t ...

RH (NYSE:RH) Q1 2024 Earnings Conference Call June 13, 2024 5:00 PM ET Corporate Participants Allison Malkin - ICR, Investor Relations Gary Friedman - Chairman and Chief Executive Officer Jack Preston - Chief Financial Officer Conference Call Participants Steven Forbes - Guggenheim Securities Steven Zaccone - Citi Simeon Guttman - Morgan Stanley Max Rakhlenko - TD Cowen Curtis Nagle - Bank of America Michael Lasser - UBS Jonathan Matuszewski - Jefferies Seth Basham - Wedbush Securities Brian Nagel - Oppenhe ...

The reported revenue represents a surprise of +0.32% over the Zacks Consensus Estimate of $724.67 million. With the consensus EPS estimate being -$0.08, the EPS surprise was -400.00%. Number of locations - RH - Total Galleries: 71 versus the three-analyst average estimate of 70. Number of locations - RH - Modern Gallery: 1 compared to the 1 average estimate based on two analysts. Number of locations - Waterworks Showrooms: 14 versus the two-analyst average estimate of 14. Total leased selling square footage ...

RH (RH) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items. RH, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $726.96 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $739.16 million. The company has topped consensus revenue estim ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35720 (Exact name of registrant as specified in its charter) Delaware 45-3052669 (State or other jurisdiction of ...

Net Revenues of $727M, GAAP Operating Margin of 7.5%, Adjusted Operating Margin of 6.5% Please see the tables below for reconciliations of all GAAP to non-GAAP measures referenced in this press release. There are no adjustments to GAAP net revenues or GAAP gross margin presented in this press release. TO OUR PEOPLE, PARTNERS AND SHAREHOLDERS, FIRST QUARTER 2024 FINANCIAL RESULTS AND SHAREHOLDER LETTER Exhibit 99.2 A LETTER FROM OUR CHAIRMAN AND CEO RH REPORTS FIRST QUARTER RESULTS FIRST QUARTER 2024 HIGHLIG ...

getty Earnings Preview Click on the chart to join MarketSurge The company is expected to report a loss of ($0.08)/share on $724.67 million in revenue. Meanwhile, the socalled Whisper number is a loss of ($0.01)/share. The Whisper number is the Street's unofficial view on earnings. Looking back the company earned 19.90 in 2023 and $26.12 in 2022. In 2024, the company is expected to earning $6.82/share which is a big drop from the last few years. In 2025, earnings are expected to grow to $8.75/share and then ...

In the last reported quarter, this leading luxury home furnishings retailer's earnings and revenues lagged the Zacks Consensus Estimate by 57.9% and 5%, respectively. Also, the earnings and revenues decreased 75% and 4.4%, respectively, from the year-ago level. The company beat earnings expectations in 22 of the last 26 quarters, missed on three occasions, and met once. For the quarter to be reported, the Zacks Consensus Estimate has narrowed to a loss of 8 cents per share from 11 cents over the last seven ...

Analysts on Wall Street project that RH (RH) will announce quarterly loss of $0.08 per share in its forthcoming report, representing a decline of 103.6% year over year. Revenues are projected to reach $724.67 million, declining 2% from the same quarter last year. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently ...