RH (RH) Q4 2026 Earnings Call Transcript

SA Transcripts159.17K FollowersFollow5ShareSaveCommentsQ4: 2026-03-31 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $1.53 misses by $0.67 | Revenue of $842.62M (3.72% Y/Y) misses by $30.63M RH (RH) Q4 2026 Earnings Call March 31, 2026 5:00 PM EDT Company Participants Gary Friedman - Chairman & CEOJack Preston - Chief Financial Officer Conference Call Participants Allison Malkin - ICR Inc.Simeon Gutman - Morgan Stanley, Research DivisionSteven Forbes - Guggenheim Securities, LLC, Research DivisionMaksim Rakhlenko - TD Cowen, Research DivisionSteven Zaccone - Citigroup Inc., Research DivisionMichael Lasser - UBS Investment Bank, Research DivisionBradley Thomas - KeyBanc Capital Markets Inc., Research DivisionMarius Morar - Zelman & Associates LLC Presentation Gary FriedmanChairman & CEO There are pieces that furnish the home. And those who define it. There are places you visit. And those you remember. There are spaces you move through. And those have moved you. Welcome to the world of RH. Albert Einstein's Three Rules of Work: Out of clutter, find simplicity; from discord, find harmony; in the middle of difficulty lies opportunity. Seem especially relevant at this moment. We're compounding clutter from tariffs, global discord as a result of war, and the most dire housing market in decades can make it difficult to separate the signal from the noise. It's important to remember necessity is the mother of invention. And our most important innovations were birthed during the most uncertain times. Transforming a nearly bankrupt Restoration Hardware into RH, the leading luxury home brand in North America was not a feat for the faint of heart. While the external challenges are somewhat familiar, our internal opportunities are massively different. We're not closing stores and fighting to survive. We're building a never seen before brand that's positioned to thrive. Before we get into the details of our strategy, let's start with a few facts that should quiet some of the noise. In 2025, RH achieved revenue growth of 8% and 2-year growth of 15%, far outpacing our furniture industry peers by 8