IMMEDIATE CALL POSTMORTEMS

The first take, while it still matters.

After earnings, most sell-side research takes a day or more to publish, and much of it repeats the press release. An Immediate Call Postmortem is our unfiltered first read: posted on X within minutes of the call ending, then archived here and on Substack. It’s free, it’s short, and it focuses on what actually changed. We only write one when a call gives us something worth saying, and a much more thoughtful Upon Further Review report tends to follow within 3–5 business days.

Why speed matters: read Confessions of a Sell-Side Analyst →

Matthew McClintock 9/10/26 Matthew McClintock 9/10/26

Restoration Hardware: 2Q26 Immediate Call Postmortem

They might have beat revenue and earnings this quarter, but we also got a necessary guide down for the rest of the year.

Matthew McClintock 6/11/26 Matthew McClintock 6/11/26

Restoration Hardware 1Q26 Immediate Call Postmortem

Gary sounded a lot more upbeat right off the bat. Still a ton of “trust me” for a guy that has said that for many years now only to not deliver on anything new in over a decade (international in particular).

Matthew McClintock 12/11/25 Matthew McClintock 12/11/25

Restoration Hardware 3Q25 Immediate Call Postmortem

Am I the only person that read the shareholder letter and felt like Gary was angrily typing various sentences in all caps because he thinks everyone else is stupid?