Added to YB: 2026-09-14
Pitch date: 2026-09-11
RH [bearish]
RH
Author Info
M Squared Capital is a former sell-side analyst in the Retail/Consumer industry sharing analysis on retail/consumer stocks. Sign up for the newsletter.
Company Info
RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.
Market Cap
$2.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.22
P/E
23.67
EV/Sales
1.88
Sector
Specialty Retail
Category
N/A
Restoration Hardware: 2Q26 Immediate Call Postmortem
RH (earnings): RH beat quarterly revenue and earnings but necessarily lowered full-year guidance, while the implied fourth-quarter acceleration still does not look conservative. The strongest support is a mechanical easing of international drag from 450 bps in 1H26 to 250 bps in 2H26 and 150 bps in 2027. However, management avoided detailing recent European performance, and continued promotional activity could challenge the higher-priced Estates assortment.
Read full article (4 min)