RH Q2 revenue up 2.6% to $922.1M, but operating income falls 17% as SG&A jumps

Filed September 10, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 11, 2025 · ~1 min read

Key Changes

• high

  Operating income fell, driven by a 20.3% jump in SG&A expenses, outpacing revenue growth.

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• high

  Net income rose 16.4% to $60.2M despite the operating decline, as a smaller below-the-line deduction (taxes/interest) offset the operating weakness.

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• high

  Gross margin expanded to 48.2% from 45.5%, helped by a reduction in cost of goods sold from IEEPA tariff refunds.

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