47 annotations
there will be some promotional activity and clearance activity in the business as we always have, that may get bigger
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2022 Q4
24 Sep 23
worst luxury housing market I’ve ever seen
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2022 Q4
24 Sep 23
A 1% share of the global market represents a $70 to $100 billion opportunity.
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2022 Q3
24 Sep 23
we believe there is certain long-term risk of brand erosion and model destruction for those who choose the promotional path
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2022 Q3
24 Sep 23
we continue to resist promoting the business
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2022 Q3
24 Sep 23
a complete collapse of the luxury housing market
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2022 Q3
24 Sep 23
And I think we're probably somewhat too arrogant in our ability to raise pricing in an easy demand environment.
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2023 Q1
26 May 23
we are now forecasting increased markdowns to clear discontinued inventory required to support our product transformation over the next several quarters
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2023 Q1
26 May 23
Our plan to expand the RH ecosystem globally multiplies the market opportunity to $7 to $10 trillion
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2022 Q3
9 Dec 22
widespread discounting continues across our industry
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2022 Q3
9 Dec 22
I’ve never been more uncertain about the present
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2022 Q3
9 Dec 22
we expect our business trends will continue to deteriorate as a result of accelerating weakness in the housing market over the next several quarters and possibly longer due to the Federal Reserve's anticipated monetary policy and the cycling of record COVID-driven sales and backlog reductions. Based on our current trends, we now expect fiscal 2022 revenue growth of negative 3.5% to negative 4.5% versus our prior outlook of negative 3.5% to negative 5.5%, and adjusted operating margin in the range of 21.5% to 22% versus our prior outlook of 21% to 21.5%.
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2022 Q3
9 Dec 22
freight rates are down, but they're still higher than they were historically. Inputs are still high. I mean they started coming down, but most things are higher than they were historically.
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2022 Q2
10 Sep 22
raw materials are stabilizing
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2022 Q2
10 Sep 22
As noted in our updated outlook provided on June 29, 2022, our expectation is for continued softening in our business trends during the remainder of fiscal 2022 as a result of ongoing weakness in the housing market over the next several quarter
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2022 Q2
10 Sep 22
businesses like ours that are going to give business back because COVID was really a big pull forward.
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2022 Q2
10 Sep 22
if revenues were down 20%, we believe that margin -- operating margin will be above 20%
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2022 Q2
10 Sep 22
In the past, you've cited a 20% as the floor for the business.
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2022 Q2
10 Sep 22
supply chain costs, like Gary said. I mean good news is they're coming down
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2022 Q2
10 Sep 22
we expect the next several quarters to pose a short-term challenge as we cycle the extraordinary growth from the COVID-driven spending shift and shed less valuable market share as we continue to raise our quality and navigate through the multiple macro headwinds
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2022 Q2
10 Sep 22