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.
Key points
- 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
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 March 27, 2024.
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.