Forecasts fiscal 2026 revenue growth of 5.5% to 7% with adjusted EBITDA margin of 15% to 16.2%; expects free cash flow and other proceeds of $300 million to $400 million.
RH reports higher revenue and net income in fiscal Q2
RH posted fiscal Q2 GAAP net revenues up 2.6% to $922.2 million; GAAP net income rose 16.36% to $60.2 million.
GAAP operating income fell 16.53% to $107.6 million, as selling, general and administrative expenses climbed to $337.3 million.
Adjusted EBITDA slipped to $178.5 million; normalized adjusted EBITDA dropped to $123.5 million, excluding a $55.1 million IEEPA tariff refund benefit.
Gross margin widened 2.7 percentage points to 48.2%, helped by $55 million of IEEPA tariff refunds; another $14 million inventory benefit is expected later.
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