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Store Count
Tracks total physical locations, signaling RH’s scale and geographic reach. Growth suggests room to capture more in-store sales and strengthen brand presence; a flat or shrinking count can cut operating costs but may limit exposure to customers who value the showroom experience.After a long period of relative stability, RH clearly stepped on the expansion gas in 2025–26 — a deliberate shift toward new galleries and large-format RH Estates openings. Management admits these openings are a material near-term EBITDA headwind (pre‑opening/start‑up drag) but expects them to contribute meaningful H2 revenue upside; investors should weigh the shorter-term margin compression and elevated build costs against the company’s plan for asset sales and deleveraging and the risk that a weak housing macro could delay payback.
Date | Total Stores |
|---|---|
Jun 30, 2026 | 138.00 |
Mar 31, 2026 | 134.00 |
Dec 31, 2025 | 134.00 |
Sep 30, 2025 | 132.00 |
Jun 30, 2025 | 130.00 |
Mar 31, 2025 | 126.00 |
Dec 31, 2024 | 124.00 |
Sep 30, 2024 | 124.00 |
Jun 30, 2024 | 126.00 |
Mar 31, 2024 | 127.00 |