RH raises 2026 outlook as Q1 net revenue falls 1.7% to $800.3 million
RH reported first quarter 2026 results for the period ended May 2, 2026, with net revenues down 1.7% to $800.3 million and a net loss of $13.7 million, compared with net income of $8.0 million a year earlier. The company raised its full-year 2026 outlook, which matters to shareholders because it signals management expects revenue growth of 4.5% to 8.0% for the year despite the weaker quarter.
Key points
- Q1 net loss of $13.7 million, or $0.73 per diluted share, versus net income of $8.0 million, or $0.40 per diluted share, in the prior-year quarter
- Q1 adjusted EBITDA of $56.9 million, with an adjusted EBITDA margin of 7.1%
- Raised fiscal 2026 outlook: revenue growth of 4.5% to 8.0% and adjusted EBITDA margin of 14.2% to 16.0%
- Second quarter 2026 outlook: revenue growth of 0.5% to 2.5% and adjusted EBITDA margin of 11.5% to 13.0%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 11, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.