RH (NYSE:RH) Q1 2023 Results Conference Call May 25, 2023 5:00 PM ET

Company Participants

Allison Malkin - IR, ICR

Gary Friedman - Chairman and CEO

Jack Preston - CFO

Conference Call Participants

Steven Zaccone - Citi

Simeon Gutman - Morgan Stanley

Curtis Nagle - Bank of America

Steve Forbes - Guggenheim

Michael Lasser - UBS

Seth Sigman - Barclays

Jonathan Matuszewski - Jefferies

Brad Thomas - KeyBanc Capital Markets

Brian Nagel - Oppenheimer

Max Rakhlenko - Cowen

Seth Basham - Wedbush

Operator

Thank you for standing by. My name is Riana and I will be your conference operator today. At this time, I would like to welcome everyone to the RH First Quarter 2023 Q&A Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I will now turn the call over to Allison Malkin of ICR. You may begin your conference.

Allison Malkin

Thank you, Riana. Good afternoon, everyone. Thank you for joining us for our first quarter fiscal 2023 earnings conference call. Joining me today are Gary Friedman, Chairman and Chief Executive Officer; and Jack Preston, Chief Financial Officer.

Before we start, I would like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about the outlook of our business and other matters referenced in our press release issued today. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially.

Please refer to our SEC filings as well as our press release issued today for a more detailed description of the risk factors that may affect our results. Please also note that these forward-looking statements reflect our opinion only as of the date of this call and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.

Also, during this call, we may discuss non-GAAP financial measures, which adjust our GAAP results to eliminate the impact of certain items. You will find additional information regarding these non-GAAP financial measures and a reconciliation of these non-GAAP to GAAP measures in today’s financial results press release. A live broadcast of this call is also available on the Investor Relations section of our website at ir.rh.com.