RH (RH.US) Fiscal Year 2026 Second Quarter Earnings Conference Call
Live time: Sep 11, 2026 01:30
RH (RH.US) Fiscal Year 2026 Second Quarter Earnings Conference Call
Live time: 09/11/2026 01:30:00
RH (RH.US) 2026 财年第二季度业绩电话会
Summary
00:00
Opening Remarks by Gary Friedman
Gary Friedman opens the call with greetings from New York City, mentioning the event held in Greenwich and inviting participants to visit the Arches gallery showcasing the company's latest collections.
00:27
Gary Friedman Q2 Financial Overview
Gary Friedman highlights Q2 GAAP revenue of $922.2M, exceeding guidance, with a 2.6% year-over-year increase. Adjusted EBITDA margin reaches 13.4%, and $72.3M in cash flow was generated, including $55.1M tariff refunds.
02:55
Gary Friedman FY2026 Outlook
Updated FY2026 outlook includes revenue growth of 5.5%–7% and adjusted EBITDA margin of 15%-16.2%, forecasting $300M-$400M in free cash flow. Pre-opening and expansion costs are expected to impact margins negatively by 340 basis points.
05:22
Gary Friedman Future Expansion Plans
Gary Friedman discusses RH Estates release and the decision to prominently feature estate collections in galleries starting November. He emphasizes RH's efforts to preserve product uniqueness through intellectual property protections.
14:42
Q&A — Analyst: Steven Zaccone (Citigroup)
Gary Friedman elaborates on why the unique design and quality of RH Estates justify the 45% price premium and confirms encountering increasing interest from new clients.
35:46
Q&A — Analyst: Simeon Gutman (Morgan Stanley)
Gary Friedman expresses confidence in RH’s ability to accelerate growth through product transformations and continued investments in modernized gallery formats and inventory build.
40:54
Q&A — Analyst: Stephen Forbes (Guggenheim Securities)
Gary Friedman provides insights on Q4 net revenue growth targets and confirms new galleries featuring core and estate collections will enhance RH's market presence and long-term investments.
1:12:34
Q&A — Analyst: Christina Fernandez (Telsey Advisory Group)
Gary Friedman explains London’s success in attracting high-end clients and outlines plans to expand RH’s European footprint, beginning with flagship gallery openings in Paris and Milan during FY2027.
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