Earnings Edge

Earnings Edge

Recaps

2Q Guide Another Disaster: Recapping RH Actuals vs. Consensus

Consensus Media's avatar
Consensus Media
Jun 11, 2026
∙ Paid

The quarter itself looks excellent relative to muted expectations for RH, somehow achieving nearly a ~180% incremental gross margin in furniture sales. The problem though, and why we sold back so much lower = the 2Q guide. Throw out the FY guide, Gary always guides optimistically:

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Consensus Media · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture