异动解读 | RH盘前大跌8.38%,业绩不及预期且下调全年指引

异动解读
Sep 12

高端家居零售商RH(原Restoration Hardware)在盘前交易中大跌8.38%,主要受到公司最新财报及业绩展望的影响。

RH公布的2025财年第二季度业绩未能达到分析师预期。公司报告调整后每股收益为2.93美元,低于分析师预期的3.18美元。营收为8.99亿美元,略低于市场共识的9.07亿美元,但同比增长8.4%。更令投资者担忧的是,RH将2025财年的收入增长目标从之前预测的10%至13%下调至9%至11%。

此外,RH预计下半年将面临3000万美元的增量关税净成本,这可能对公司的利润率造成压力。公司还表示,预计年度调整后息税折旧摊销前利润率为19%至20%,低于之前20%至21%的目标。RH还计划在未来几年降低资本支出,预计2026年降至2亿至2.5亿美元,2027年及以后降至1.5亿至2亿美元,这引发了投资者对公司长期增长前景的担忧。面对这些挑战,RH董事长兼首席执行官Gary Friedman表示,公司正积极应对最近对来自印度的进口商品征收的50%关税,这影响了RH 7%的业务,主要是手工打结地毯。

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