Professional
Added to YB: 2025-06-19
Pitch date: 2025-06-16
RH [neutral]
RH
-13.36%
current return
Author Info
M Squared Capital is a former sell-side analyst in the Retail/Consumer industry sharing analysis on retail/consumer stocks. Sign up for the newsletter.
Company Info
RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.
Market Cap
$3.7B
Pitch Price
$187.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.92
P/E
37.22
EV/Sales
2.28
Sector
Specialty Retail
Category
N/A
RH: Time For A Resto In Hype
RH (earnings update - bearish): Maintaining negative view after Q1 results. Lowering EPS range to $7-11. Skeptical of intl growth claims (60% Germany growth misleads w/ low base, no Brussels data). Design compound concept untested, capex cut conflicts w/ 7-9 gallery openings. Tariffs, 30% discounts, inventory issues ($200-300M excess) threaten margins. Street model Q2-Q4 unrealistic.
Read full article (9 min)