Earnings ·
RH reports $922.2M Q2 revenue, raises full-year outlook on tariff refunds
RHRH
RH reported second quarter fiscal 2026 financial results for the period ended August 1, 2026. GAAP net revenues increased 2.6% to $922.2 million, while GAAP net income was $60.2 million and diluted EPS reached $3.06. The company recognized a $55.1 million benefit from IEEPA tariff refunds, contributing to an adjusted EBITDA of $178.5 million. RH updated its full-year fiscal 2026 outlook, projecting revenue growth of 5.5% to 7.0%, an adjusted EBITDA margin of 15.0% to 16.2%, and free cash flow plus distributions between $300 million and $400 million. The company also provided third and fourth quarter guidance, anticipating significant revenue acceleration in the final quarter driven by backlog conversion and new gallery openings. RH operates as a global luxury lifestyle retailer offering home furnishings, decor, and hospitality experiences through its galleries and online platforms.