Matthew McClintock 9/24/26 Matthew McClintock 9/24/26

Upon Further Review – Post 2Q26 Thoughts

After 2Q26: RH Estates should help, but Europe keeps dragging on profits; we see 2026 EPS of $5.00 to $7.00.

Matthew McClintock 4/1/26 Matthew McClintock 4/1/26

Putting “Hard” In Hardware, “Ouch” In Couch

4Q25 was RH's first quarter since 2014 with no adjustments to operating income, and what that rare change may signal.

Matthew McClintock 3/6/26 Matthew McClintock 3/6/26

RH's restaurant push, compared with Ralph Lauren's Chicago spot, plus our visit to RH Paris.

Matthew McClintock 10/9/25 Matthew McClintock 10/9/25

A month in, RH Paris traffic looks soft and RH's long-term goal to double the business looks stretched.

Matthew McClintock 6/16/25 Matthew McClintock 6/16/25

Takeaways from RH's 1Q25 results, focused on its international expansion; our view on the stock stays negative.

Matthew McClintock 6/8/25 Matthew McClintock 6/8/25

What to watch as RH reports 1Q25, with sentiment turning negative and heavy discounting looking permanent.

Matthew McClintock 10/23/24 Matthew McClintock 10/23/24

RH's Aspen Guesthouse is delayed again after a contested historical commission vote; a city council hearing follows.

Matthew McClintock 9/24/24 Matthew McClintock 9/24/24

Audited UK filings back our doubts about RH's European expansion against the $50 to $250 million first-year sales forecast.