RH forecasts fiscal Q1 revenue to decline 2%–4% and adjusted EBITDA margins of 5.5%–6.5%, signaling a cautious near-term outlook amid ongoing supply-chain and seasonal pressures. RH reported Q4 adjusted EPS of $1.53, missing estimates by $0.69, and generated $842.6 million in revenue, falling short of the $873.5 million consensus despite a 3.7% year-over-year increase. The company attributed a combined $40 million impact from $30 million in tariff-related sourcing backorders and special orders, plus $10 million in weather-related disruptions late in the quarter. In fiscal 2025, RH achieved 8.1% net revenue growth to $3.44 billion, 72% GAAP net income growth to $125 million and $252 million in free cash flow. For fiscal 2026, the company expects 4%–8% revenue growth, 14%–16% EBITDA margins and $300–$400 million in free cash flow, with a 270 basis-point margin headwind from international store pre-openings.