RH Estates launch and strong Q2 results support growth push
RH Estates launched targeting the traditional luxury home market. RH reported Q2 net revenues of $922.2 million, up 2.6% year-over-year, with adjusted EBITDA margin exceeding guidance.
2 million, and adjusted EBITDA margin came in above guidance. RH Estates was launched to target the traditional luxury home market, with the company saying it is expected to drive significant incremental growth and margin accretion. The company also pointed to international expansion and new real estate strategies.