RH Q4 net revenues fell to $738.3 million; net income dropped to $11.4 million
RH reported fourth-quarter fiscal 2023 net revenues of $738.3 million, down from $772.5 million a year earlier, and net income of $11.4 million, down from $106.9 million. For the full year, net revenues were $3.03 billion versus $3.59 billion, and net income was $127.6 million versus $528.6 million. The company forecast fiscal 2024 revenue growth of 8% to 10% and adjusted operating margin of 13% to 14%, while saying revenue will lag demand during the year.
- Q4 net revenues $738.3 million vs. $772.5 million a year earlier; net income $11.4 million vs. $106.9 million
- Fiscal 2023 net revenues $3.03 billion vs. $3.59 billion; net income $127.6 million vs. $528.6 million
- Fiscal 2024 forecast: revenue growth of 8% to 10% and adjusted operating margin of 13% to 14%
- First-quarter fiscal 2024 revenues forecast to be negative low-single digits