RH Stock Under Pressure After Q4 Double Miss, Weak Full-Year Forecast

RH reported Q4 adjusted earnings per share of $1.53, missing the consensus estimate of $2.22, and revenue of $842.62 million, below the expected $873.32 million. The company attributed a $30 million revenue reduction to higher backorders and $10 million to adverse weather conditions. For fiscal year 2026, RH forecasts revenue between $3.57 billion and $3.71 billion, below the consensus estimate of $3.77 billion, and expects first-quarter revenue of $781.39 million to $797.69 million, also below estimates. Following the report, RH shares fell 22.97% to $107.77.