Management keeps calling this the worst market in three decades.Shares of luxury furniture company RH (RH -17.69%) cratered on Friday after the company reported financial results for its fiscal first quarter of 2024. Management says it's "investing aggressively" in the business during "the worst housing market in 30 years," which is a tough way to inspire investors. As of 11:50 a.m. ET, RH stock was down 18%.RH's profits disappointRH's Q1 ended on May 4. During the quarter, the company generated net revenue ...

Key TakeawaysRH reported a quarterly loss and current-quarter sales guidance that missed estimates as the tight housing market pulled down demand.The upscale home furnishings retailer said it faced the toughest housing market in three decades, and that Federal Reserve monetary tightening will impact it through 2024 and possibly into next year.The news sent RH shares to their lowest point since last November. Shares of RH (RH) sank Friday, a day after the upscale home furnishings retailer posted a bigger-tha ...

财务数据和关键指标变化 - 第一季度收入为7.27亿美元,调整后营业利润率为6.5%,调整后EBITDA利润率为12.3% [13] - 需求增长3%,略低于指引,因为4月利率再次超过7%后需求增长放缓 [13] 各条业务线数据和关键指标变化 - 户外家具新品系列在第一季度推出14个新系列,户外家具需求保持强劲 [17] - 现代家具系列在6月初推出30个新系列,预计将在第二季度和下半年进一步推动需求 [18] - 家居系列第二次发行计划在7月开始,新品和库存改善将带来额外需求提升 [19] - 当代家具系列将在8月初发行更新版,预计也会加速需求 [20] - 现代家具和家居系列还将在下半年再次发行新品 [21] 各个市场数据和关键指标变化 - 在欧洲,布鲁塞尔和马德里门店已开业,表现良好 [27][28] - 公司计划在未来几年内在英国、欧洲、澳大利亚和中东等地区进一步扩张 [12] 公司战略和发展方向及行业竞争 - 公司正经历有史以来最大规模的产品转型和平台扩张,以获得北美市场份额并为全球扩张奠定基础 [12] - 公司认为在市场动荡中大幅投资有利于把握长期机遇,许多在线家具品牌已经停止运营 [14] - 公司计划通过开设设计画廊、推出Waterworks品牌、开设设计工作室等方式扩大平台 [26][27][28] - 公司长期战略是建立产品、场所、服务和空间的生态系统,将RH打造成全球品味引领者 [40][45] 管理层对经营环境和未来前景的评论 - 预计直到利率下降和房地产市场反弹,经营环境将保持挑战性 [30] - 但相信产品转型和平台扩张将带来长期价值 [15] - 预计2024财年需求增长12%-14%,收入增长8%-10% [33] - 预计2024财年Q2需求增长9%-10%,收入增长3%-4% [34] 其他重要信息 - 公司将在2024财年末增加约1.1-1.3亿美元的订单积压,将拖累利润率约140个基点 [32] - 国际扩张的启动成本预计将拖累2024财年利润率约200个基点 [32] 问答环节重要的提问和回答 问题1 **Steven Forbes 提问** 询问新品系列的表现和公司对此的反应 [57][58] **Gary Friedman 回答** 公司正在密切关注新品系列的表现,并根据数据调整和优化产品组合 [58][59] 问题2 **Steven Zaccone 提问** 询问公司在定价方面的策略和考虑 [65][66] **Gary Friedman 回答** 公司认为定价应该以设计和质量为先,并根据市场反馈不断优化,目前定价处于合理水平 [66] 问题3 **Max Rakhlenko 提问** 询问新品在门店中的占比以及未来的展示计划 [81][82] **Gary Friedman 回答** 目前大型门店新品占比约50%,公司会根据销售反馈动态调整新品在门店的展示 [82][83]

For the quarter ended April 2024, RH (RH) reported revenue of $726.96 million, down 1.7% over the same period last year. EPS came in at -$0.40, compared to $2.21 in the year-ago quarter.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%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

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.This quarterly report represents an earnings surprise of -400%. A quarter ago, it was expected that this furniture and housewares company would post earnings of $1.71 per share when it actually produced earnings of $0.72, delivering a surprise of -57.89%.Over the last four quarters, the co ...

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 ...

财务表现 - 第一季度2024年净收入为7.27亿美元，GAAP运营利润率为7.5%，调整后运营利润率为6.5%[2] - 第一季度需求增长3%，略低于预期，收入为7.27亿美元，调整后EBITDA利润率为12.3%[4] - 2024财年第一季度净收入为72.6960亿美元，同比下降1.6%[59] - 第一季度毛利为31.6038亿美元，毛利率为43.5%[59] - 第一季度运营利润为5.4663亿美元，运营利润率为7.5%[59] - 第一季度净亏损为3.625亿美元，净亏损率为0.5%[59] - 第一季度现金及现金等价物为10.1787亿美元[60] - 第一季度经营活动产生的净现金流为5.613亿美元[61] - 第一季度投资活动产生的净现金流为-6.8943亿美元[61] - 第一季度融资活动产生的净现金流为-0.8916亿美元[61] - 2024年第一季度自由现金流为负10131千美元[62] - 2024年第一季度调整后资本支出为75043千美元[64] - 2024年第一季度调整后净收入为负7331千美元[66] - 2024年第一季度调整后稀释每股净收入为负40美分[69] - 2024年第一季度调整后销售、一般和管理费用为268803千美元[75] - 2024年第一季度调整后营业收入为47235千美元[78] - 公司净收入较上一年同期有所下降，但调整后的EBITDA利润率也有所下降[81] - 公司在2024年首季度实现净收入82,046千美元，EBITDA为428,929千美元，调整后的EBITDA为493,388千美元[86] - 公司总债务为2,484,719千美元，净债务为2,382,932千美元，总净债务与调整后的EBITDA比率为4.8[88] 公司计划 - 预计货币政策的不断变化将继续对房地产市场产生影响，可能持续到2025年[6] - 公司计划在2024年推出新的RH户外目录，预计在2024财年获得显著市场份额[9] - 公司计划在2024年推出新的RH现代目录，预计将在第二季度和2024财年下半年进一步加速需求趋势[10] - 公司计划在2024年第四季度在加利福尼亚州新港海滩开设一个3500平方英尺的Waterworks展厅[18] - 公司计划在2024年开设五家北美设计画廊，包括克利夫兰和帕洛阿尔托，以及拉利、新港海滩和蒙特西托[21] - 公司预计2024财年第二季度需求增长9%至10%，收入增长3%至4%[29] - 公司计划在2024年推出RH住宅，完全配备的豪华住宅、公寓和公寓，提供集味道和时间价值于一体的服务[40] 展望 - 公司展望2024财年，包括净收入和调整后运营利润率[54]

Newport Beach, CA, USA - July 10, 2022: A RH store is shown in Newport Beach, CA, USA. RH is an ... [+] upscale American home-furnishings company.getty RH is scheduled to report earnings after Thursday’s close. The stock just hit a record high of $744.56 in 2021 and is currently trading near $277. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the ...

RH (RH) is scheduled to report first-quarter fiscal 2024 (ended May 4, 2024) results on Jun 13, after market close.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.Trend in Estimate Revision ...

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.The consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a ...