RH Class A

RH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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RH Earnings: Financial Improvement in 2026's Back Half Expected; Shares Attractive

Jaime M Katz , Divya Banerjee

Sep 11, 2026

RH's second-quarter sales rose 2.6% to $922 million, above the firm's guidance for 0.5%-2.5% growth. Adjusted EBITDA margin fell 120 basis points to 19.4%, including a 600-basis-point tariff refund benefit. Excluding the refund, RH beat the high end of its EBITDA outlook by 40 basis points.

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RH Class A

RH Earnings: Financial Improvement in 2026's Back Half Expected; Shares Attractive

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