Added to YB: 2026-09-14
Pitch date: 2026-09-11
RH [neutral]
RH
Author Info
No bio for this author
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
$2.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.22
P/E
23.67
EV/Sales
1.88
Sector
Specialty Retail
Category
growth
RH: FY26 Depends on Estates, But FY27 Looks More Compelling
RH (earnings): The FY26 thesis has shifted toward 2027: Q2 revenue rose 2.6% to $922M and exceeded guidance, but management attributes essentially all of the Q3 guidance midpoint to discrete initiatives, while Q4 guidance of 16.1-21.2% depends heavily on backlog and an Estates rollout reaching main floors in Galleries representing roughly 80% of RH’s business only in November. Meanwhile, the benefits from lower capex and international costs have shifted into FY27, leaving the near-term case unusually dependent on Estates delivering eight growth points in Q4.
Read full article (5 min)