RH reports Q1 revenue down 1.7% to $800M, raises full-year outlook on new Estates line

Filed June 11, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  Q1 revenues fell 1.7% to $800.3M with a GAAP net loss of $13.7M, driven by ~$75M in elevated backorders from tariff-related resourcing that the company expects to normalize by year-end.

  Exhibit 99.2 view on EDGAR →
• high

  RH raised full-year guidance to 4.5%–8.0% revenue growth and 14.2%–16.0% adjusted EBITDA margin, expecting acceleration in H2 from backlog reduction and the new RH Estates concept.

  Exhibit 99.2 view on EDGAR →
• high

  Launched RH Estates, bringing trade-only luxury furniture brands to the public market with custom sizing options; management expects it to contribute 5 percentage points to second-half revenue growth.

  Exhibit 99.2 view on EDGAR →