RH ($RH) Earnings Miss & Short Thesis Update: Q4 2026 Results, Guidance Cut & Why the Bull Case Is Broken
RH missed Q4 on both lines, adjusted EPS of $1.53 vs. Street's $2.22, revenue $30M short of consensus. Management blames tariffs and weather, but the real story is record capex into a frozen housing market, a guidance cut, key executive departures, and 2030 targets that require...