{
  "url": "https://struct.news/briefs/rh-grew-gross-profit-and-still-lost-operating-leverage-to-new-galleries",
  "title": "RH grew gross profit and still lost operating leverage to new Galleries",
  "summary": "$78 million went into landlord assets under construction as six-month operating cash flow fell 11.9%.",
  "published_at": "2026-09-10T21:20:38.649985+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "RH",
    "ticker": "RH",
    "cik": "1104659",
    "sector": "Consumer Cyclical",
    "industry": "Specialty Retail"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-10",
    "accession": "0001104659-26-106764",
    "url": "https://www.sec.gov/Archives/edgar/data/1528849/000110465926106764/rh-20260801x10q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1528849/000155837025012015/rh-20250802x10q.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 3439536000,
      "display": "$3.4B",
      "unit": "usd",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-106764",
        "filing_date": "2026-09-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 8.135903668093691,
      "display": "+8.1%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-106764",
        "filing_date": "2026-09-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 11.25930939522075,
      "display": "+11.3%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-106764",
        "filing_date": "2026-09-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Accounts receivable increased 29.2% year over year to $79.1 million, while revenue grew 2.6% over the six-month period.",
      "importance": "medium",
      "evidence": "an increase in accounts receivable of $16 million and an increase in prepaid expense and other assets of $11 million.",
      "source_date": "2026-09-10"
    },
    {
      "type": "capital_investment",
      "statement": "RH says new locations require increased capital and other costs, with construction costs significantly higher since the pandemic.",
      "importance": "medium",
      "evidence": "We have incurred increased capital expenditures and other capital related to developing and opening these and other new locations due to a variety of factors, including significant increases in construction costs since the pandemic.",
      "source_date": "2026-09-10"
    }
  ],
  "related_tickers": [
    "RH"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}