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RH (RH): A Bear Case Theory

We came across a bearish thesis on RH on Matt McClintock Retail/Consumer Research - M Squared Capital’s Substack by Matthew McClintock. In this article, we will summarize the bulls’ thesis on RH. RH's share was trading at $215.04 as of August 8th. RH’s trailing and forward P/E were 50.96 and 20.12 respectively according to Yahoo Finance.

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Restoration Hardware’s (RH) 1Q25 results reinforced a bearish outlook despite a few positives, notably a 10% YoY rise in...