RH (NYSE:RH) Posts Quarterly Earnings Results, Beats Expectations By $2.32 EPS

Posted by Brenda Bartman on Sep 12th, 2026

RH (NYSE:RH – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $2.32, FiscalAI reports. RH had a return on equity of 198.76% and a net margin of 3.23%.The business had revenue of $922.15 million for the quarter, compared to the consensus estimate of $915.09 million. During the same quarter last year, the business posted $2.93 EPS. The business’s revenue was up 2.6% on a year-over-year basis.

Here are the key takeaways from RH’s conference call:

RH reported second-quarter revenue of $922.2 million, up 2.6% year over year and above the high end of guidance, while normalized adjusted EBITDA margin of 13.4% also exceeded expectations.
Management expects RH Estates, its traditional and classic furniture offering, to materially expand the company’s addressable market, contribute approximately 8 percentage points of fourth-quarter growth, and eventually represent about 50% of the assortment. The collection carries an average price point 45% above the existing assortment and is expected to be margin accretive.
RH raised or provided a fiscal 2026 outlook for 5.5%–7% revenue growth, a 15%–16.2% adjusted EBITDA margin, and $300 million–$400 million in free cash flow, asset sales, and investment distributions. Management also expects international start-up costs to weigh less in 2027 as the flagship-opening cycle ends.
Early demand at RH London was strong, with nearly $7 million in design pipeline generated during its first eight weeks, while new compound and single-story gallery formats are expected to reduce construction costs and improve returns on invested capital.
Management cited a prolonged housing downturn, promotional pressure, and roughly $50 million of unplanned supply-chain costs tied largely to higher oil prices and regional conflict. Tariff benefits are expected to offset much of the impact in fiscal 2026, but executives warned that inflationary cost pressure could persist for the next six to 12 months.

RH Trading Down 0.1%

NYSE:RH opened at $133.91 on Friday. RH has a 1 year low of $106.30 and a 1 year high of $248.44. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.19 and a beta of 1.85. The business has a fifty day moving average of $166.32 and a 200-day moving average of $150.09. The company has a debt-to-equity ratio of 54.96, a quick ratio of 0.32 and a current ratio of 1.13.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RH. Stifel Nicolaus increased their target price on RH from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (d)” rating on shares of RH in a report on Friday, July 24th. Guggenheim restated a “buy” rating and set a $200.00 price target on shares of RH in a research report on Friday. Bank of America dropped their price objective on shares of RH from $156.00 to $114.00 and set an “underperform” rating on the stock in a report on Friday. Finally, Citigroup lifted their price objective on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $165.57.

Get Our Latest Stock Report on RH

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

Positive Sentiment: RH reported quarterly EPS of $2.70, well above the roughly $0.38–$0.42 analyst consensus. Revenue rose 2.6% year over year to approximately $922.2 million, broadly near estimates. A tariff refund helped lift profitability, while gross profit increased 8.7% to $444.9 million. RH Stock Rallies After Mixed Q2 Print
Positive Sentiment: Management is positioning the new RH Estates collection and gallery format as a major long-term growth opportunity, saying it could potentially double the company’s addressable market. RH aims for Estates to represent half of its offering within five years. RH Estates: The Strategy Behind the Vision
Positive Sentiment: Some analysts remain constructive: JPMorgan maintained an overweight rating with a $190 target, TD Cowen kept a buy rating at $190, and Guggenheim reaffirmed its buy rating with a $200 target. Analyst Forecast Revisions

Insider Activity

In related news, Director Carlos Alberini acquired 11,388 shares of RH stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the acquisition, the director directly owned 32,190 shares of the company’s stock, valued at $5,179,371. This trade represents a 54.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary Friedman sold 69,069 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the completion of the sale, the chief executive officer directly owned 3,282,268 shares of the company’s stock, valued at $556,278,780.64. The trade was a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 132,749 shares of company stock valued at $21,856,812. Company insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP lifted its stake in RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in RH by 1,797.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 246,355 shares of the company’s stock worth $44,134,000 after buying an additional 233,373 shares in the last quarter. Alliancebernstein L.P. grew its position in RH by 66.1% in the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after buying an additional 228,229 shares during the last quarter. Alyeska Investment Group L.P. grew its position in RH by 200.5% in the third quarter. Alyeska Investment Group L.P. now owns 297,694 shares of the company’s stock worth $60,480,000 after buying an additional 198,615 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in shares of RH by 30.1% in the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock valued at $150,948,000 after buying an additional 194,773 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

About RH

(Get Free Report)

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.