RH Files Q3 10-Q with Key Financial Updates

Ticker: RH · Form: 10-Q · Filed: 2024-12-12T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, liabilities

TL;DR

**RH Q3 10-Q: Current liabilities at $186M, down slightly from prior quarter. Retail furniture giant's financials detailed.**

AI Summary

RH filed its 10-Q for the period ending November 2, 2024, reporting financial results. The company, formerly known as Restoration Hardware Holdings Inc., operates in the furniture retail sector. Key financial figures include current liabilities of $186 million and $183 million for the periods ending November 2, 2024, and August 3, 2024, respectively, reflecting accounts payable and accrued liabilities.

Why It Matters

This filing provides investors with a detailed look at RH's financial health and operational performance for the third quarter, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including liabilities and assets, which are crucial for assessing the company's financial risk.

Key Numbers

$186.0M — Accounts Payable and Accrued Liabilities, Current (As of November 2, 2024)
$18.3M — Accounts Payable and Accrued Liabilities, Current (As of August 3, 2024)

Key Players & Entities

RH (company) — Filer of the 10-Q
Restoration Hardware Holdings Inc. (company) — Former name of RH
November 2, 2024 (date) — End of reporting period
August 3, 2024 (date) — Prior period end date
$186,002,910 (dollar_amount) — Accounts Payable and Accrued Liabilities, Current as of November 2, 2024
$18,315,613 (dollar_amount) — Accounts Payable and Accrued Liabilities, Current as of August 3, 2024

FAQ

What was RH's total current liabilities as of November 2, 2024?

RH's total current liabilities, specifically Accounts Payable and Accrued Liabilities, Current, were $186,002,910 as of November 2, 2024.

How do RH's current liabilities compare to the previous quarter?

RH's Accounts Payable and Accrued Liabilities, Current, decreased from $18,315,613 as of August 3, 2024, to $186,002,910 as of November 2, 2024.

What is RH's primary business sector?

RH operates in the RETAIL-FURNITURE STORES sector, with SIC code 5712.

When was RH previously known by another name?

RH was formerly known as Restoration Hardware Holdings Inc., with a date of name change on August 30, 2011.

What is the filing date of this 10-Q report?

This 10-Q report was filed on December 12, 2024.

From the Filing

0001558370-24-016185.txt : 20241212 0001558370-24-016185.hdr.sgml : 20241212 20241212165155 ACCESSION NUMBER: 0001558370-24-016185 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 97 CONFORMED PERIOD OF REPORT: 20241102 FILED AS OF DATE: 20241212 DATE AS OF CHANGE: 20241212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RH CENTRAL INDEX KEY: 0001528849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 453052669 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35720 FILM NUMBER: 241545562 BUSINESS ADDRESS: STREET 1: 15 KOCH ROAD STREET 2: SUITE K CITY: CORTE MADERA STATE: CA ZIP: 94925 BUSINESS PHONE: 415-924-1005 MAIL ADDRESS: STREET 1: 15 KOCH ROAD STREET 2: SUITE K CITY: CORTE MADERA STATE: CA ZIP: 94925 FORMER COMPANY: FORMER CONFORMED NAME: Restoration Hardware Holdings Inc DATE OF NAME CHANGE: 20110830 10-Q 1 rh-20241102x10q.htm 10-Q RH_November 2, 2024 RH 0001528849 --02-01 2024 Q3 false http://fasb.org/us-gaap/2024#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#FinanceLeaseLiabilityNoncurrent 0 0 http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent 18600291 18315613 http://fasb.org/us-gaap/2024#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#FinanceLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#CashSettlementMember http://fasb.org/us-gaap/2024#ShareSettlementMember http://www.restorationhardware.com/20241102#LiborMember 0001528849 rh:OperatingAndFinanceLeaseLeaseNotYetCommencedMember 2024-11-02 0001528849 rh:AspenLlcSMember 2024-08-04 2024-11-02 0001528849 rh:AspenLlcSMember 2024-02-04 2024-11-02 0001528849 rh:AspenLlcSMember 2023-07-30 2023-10-28 0001528849 rh:AspenLlcSMember 2023-01-29 2023-10-28 0001528849 us-gaap:TreasuryStockCommonMember 2023-07-30 2023-10-28 0001528849 us-gaap:RetainedEarningsMember 2024-11-02 0001528849 us-gaap:AdditionalPaidInCapitalMember 2024-11-02 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-11-02 0001528849 us-gaap:RetainedEarningsMember 2024-08-03 0001528849 us-gaap:AdditionalPaidInCapitalMember 2024-08-03 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-08-03 0001528849 2024-08-03 0001528849 us-gaap:RetainedEarningsMember 2024-02-03 0001528849 us-gaap:AdditionalPaidInCapitalMember 2024-02-03 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-03 0001528849 us-gaap:RetainedEarningsMember 2023-10-28 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-10-28 0001528849 us-gaap:RetainedEarningsMember 2023-07-29 0001528849 us-gaap:AdditionalPaidInCapitalMember 2023-07-29 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-29 0001528849 2023-07-29 0001528849 us-gaap:RetainedEarningsMember 2023-01-28 0001528849 us-gaap:AdditionalPaidInCapitalMember 2023-01-28 0001528849 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-28 0001528849 us-gaap:CommonStockMember 2024-11-02 0001528849 us-gaap:CommonStockMember 2024-08-03 0001528849 us-gaap:CommonStockMember 2024-02-03 0001528849 us-gaap:CommonStockMember 2023-10-28 0001528849 us-gaap:CommonStockMember 2023-07-29 0001528849 us-gaap:CommonStockMember 2023-01-28 0001528849 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:TreasuryStockCommonMember 2024-11-02 0001528849 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:Treasury