RH(RH) - 2022 Q1 - Earnings Call Presentation
Exhibit 99.2 FIRST QUARTER 2022 FINANCIAL RESULTS AND SHAREHOLDER LETTER A LETTER FROM OUR CHAIRMAN AND CEO RH REPORTS RECORD FIRST QUARTER RESULTS FIRST QUARTER 2022 HIGHLIGHTS Q1 GAAP NET REVENUES INCREASED 11% TO $957M VS. $861M LY Q1 ADJUSTED NET REVENUES INCREASED 11% TO $957M VS. $861M LY 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 Q1 GAAP OPERATING MARGIN DECREASED 40 BASIS POINTS TO 21.4% VS. 21.8% LY ...