RH - RH Q4 Earnings: Revenue Miss EPS Miss Upbeat Guidance On Accelerating Demand Trends And More | Benzinga
RH (NYSE:RH) reported fourth-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: RH reported fourth-quarter revenue of $738.26 million, which missed the consensus estimate of $777.48 million, according to Benzinga Pro. The luxury retailer reported quarterly adjusted earnings of 72 cents per share, which missed analyst estimates of $1.67 per share.
RH said its revenues were negatively impacted by $40 million in the fourth quarter due to the severe January weather and shipping delays related to the ongoing conflict in the Red Sea.
GAAP operating margin was 8.7%, while adjusted operating margin came in at 9.1%. Adjusted EBITDA margin was 15.3% in the fourth quarter.
“Fiscal 2023 was a ...