RH
(NYSE:RH)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dcor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; a...

Website: https://rh.com/

Founded: 1979

Full Time Employees: 4,400

CEO: Gary G. Friedman

Sector: Consumer Cyclical

Industry: Specialty Retail

Retails Consumer Cyclical Home Improvement

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Premium Home Furnishings Brand with Luxury Positioning: RH operates in the high-end home furnishings market, emphasizing upscale design, curated assortments, and a luxury brand experience.
Demand Sensitive to Housing and High-End Consumer Spending: Revenue and order trends tend to track macro factors like housing turnover, home renovation activity, interest rates, and discretionary spending among affluent consumers.
Ecosystem-Led Strategy Beyond Core Furniture: The company has expanded its concept to include large-format Design Galleries, interior design services, and adjacent categories intended to increase lifetime value and brand engagement.
Margin and Cash Flow Driven by Pricing Power, Inventory, and Supply Chain Execution: Profitability is influenced by product mix, promotional intensity, freight and input costs, and inventory management; execution can meaningfully swing operating margins and cash generation.
Key Investor Watch Items: Orders, New Concepts, and Leverage: Investors often focus on order trends and backlog, the pace and returns of new gallery openings and concept launches, and balance sheet leverage amid cyclical demand.

Bull Thesis:

Strong Luxury Brand Positioning & Pricing Power: RH has successfully cultivated a premium luxury brand image, allowing it to command high prices and maintain strong margins. Its affluent customer base is generally more resilient to economic fluctuations, providing a stable demand foundation even in challenging environments.
Successful Membership Model (RH Members Program): The RH Members Program drives customer loyalty, provides a predictable revenue stream through subscriptions, and simplifies pricing by offering a consistent discount. This model enhances customer engagement, reduces the need for promotional activities, and provides valuable customer data.
Expansion into New Luxury Verticals and Experiences: RH is strategically expanding beyond traditional retail into hospitality (RH Guesthouses), residential real estate (RH Residences), and other luxury services (e.g., RH Contemporary, RH Beach House). This diversification aims to create new revenue streams, enhance brand prestige, and deepen customer relationships, transforming RH into a comprehensive luxury lifestyle brand.
Improving Supply Chain & Inventory Normalization: After pandemic-related disruptions, RH is making progress in normalizing its supply chain and reducing elevated inventory levels. This should lead to improved working capital management, lower carrying costs, and potentially better free cash flow generation in the coming quarters as operations become more efficient.

Bear Thesis:

Sensitivity to Luxury Housing Market & Discretionary Spending: Despite its luxury positioning, RH's sales are highly correlated with the health of the high-end housing market and overall discretionary spending by affluent consumers. A significant downturn in luxury real estate transactions, rising interest rates, or a decline in consumer confidence could severely impact demand for its high-ticket items.
Elevated Inventory Levels & Working Capital Strain: RH has faced challenges with persistently high inventory levels, leading to increased warehousing costs and tying up significant capital. This impacts the company's free cash flow generation and operational efficiency, requiring careful management and potential markdowns to normalize.
High Execution Risk and Capital Intensity of New Ventures: The ambitious expansion into hospitality, residential real estate, and other luxury experiences is highly capital-intensive and carries substantial execution risk. These new ventures may not achieve expected returns, could divert management focus and resources from the core retail business, and might take longer than anticipated to become profitable.
Valuation Concerns Amidst Growth Deceleration: RH often trades at a premium valuation, which may be difficult to sustain if growth rates decelerate significantly or if new initiatives fail to deliver substantial returns. Market skepticism regarding future growth prospects or a miss on earnings could lead to downward pressure on the stock price.

Main Competitors:

Arhaus ($ARHS) (Luxury Home Furnishings), Arhaus directly competes with RH in the luxury home furnishings market, offering a similar aesthetic focused on artisan-crafted, reclaimed, and sustainable materials. Like RH, Arhaus operates large-format showrooms and targets affluent customers seeking high-quality, distinctive furniture and decor, often with a slightly more rustic or globally inspired feel.
Williams-Sonoma, Inc. (Pottery Barn, West Elm, Rejuvenation) ($WSM) (Home Furnishings & Decor), Through its portfolio of brands, particularly Pottery Barn and West Elm, Williams-Sonoma, Inc. competes for a significant share of the home furnishings market. While their price points can be slightly lower than RH, their higher-end collections, focus on design services, and strong online and retail presence appeal to a similar demographic seeking quality, style, and a curated home aesthetic.
Crate & Barrel (Modern & Classic Home Furnishings), Crate & Barrel competes with RH by offering a curated selection of modern and classic furniture, decor, and housewares. It targets customers looking for quality, design-forward pieces at a premium price point, often with a slightly more contemporary or accessible aesthetic than RH, but still vying for the same discretionary spending on home goods and design services.
MillerKnoll (Design Within Reach, Knoll) ($MLKN) (Modern Design Furniture & Decor), Through brands like Design Within Reach (DWR) and Knoll, MillerKnoll competes in the high-end, modern luxury furniture market. DWR specifically targets design-conscious consumers willing to invest in iconic and contemporary pieces, offering a different aesthetic but competing for the same affluent customer base seeking premium quality, design expertise, and investment-grade furniture.

Moat:

RH's primary competitive moat lies in its highly curated, aspirational brand identity, distinctive 'gallery' retail experience, and integrated luxury ecosystem (including hospitality and design services). Competitors like Arhaus directly challenge RH's aesthetic and target market, while broader players like Williams-Sonoma Inc. and Crate & Barrel compete for overall market share and customer wallet by offering diverse styles and price points within the premium home goods sector. MillerKnoll (DWR) targets a similar affluent demographic but with a focus on modern design. RH differentiates itself through its unique product scale, monochromatic design language, and its ability to create an immersive lifestyle brand beyond just furniture retail, fostering strong brand loyalty among its target demographic.

Income Statements:

Quarterly

Annual

Unit: USD	2026-05-02	2026-01-31	2025-11-01	2025-08-02	2025-05-03	2025-02-01	2024-11-02	2024-08-03	2024-05-04	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02	2012-10-27

net revenues	800,328,000	842,623,000	883,810,000	899,151,000	813,952,000	812,406,000	811,732,000	829,655,000	726,960,000	738,260,000	751,225,000	800,479,000	739,162,000	772,499,000	869,066,000	991,620,000	957,292,000	902,741,000	1,006,428,000	988,859,000	860,792,000	812,436,000	844,013,000	709,282,000	482,895,000	664,976,000	677,526,000	706,514,000	598,421,000	670,891,000	636,558,000	640,798,000	557,406,000	670,295,000	592,473,000	615,326,000	562,080,000	586,706,000	549,328,000	543,381,000	455,456,000	647,208,000	532,411,000	506,942,000	422,445,000	582,727,000	484,675,000	433,766,000	366,254,000	471,694,000	395,832,000	382,098,000	301,337,000	398,055,000	284,171,000
yoy	-1.67%	3.72%	8.88%	8.38%	11.97%	10.04%	8.05%	3.64%	-1.65%	-4.43%	-13.56%	-19.28%	-22.79%	-14.43%	-13.65%	0.28%	11.21%	11.12%	19.24%	39.42%	78.26%	22.18%	24.57%	0.39%	-19.31%	-0.88%	6.44%	10.26%	7.36%	0.09%	7.44%	4.14%	-0.83%	14.25%	7.85%	13.24%	23.41%	-9.35%	3.18%	7.19%	7.81%	11.07%	9.85%	16.87%	15.34%	23.54%	22.44%	13.52%	21.54%	18.50%	39.29%
qoq	-5.02%	-4.66%	-1.71%	10.47%	0.19%	0.08%	-2.16%	14.13%	-1.53%	-1.73%	-6.15%	8.30%	-4.32%	-11.11%	-12.36%	3.59%	6.04%	-10.30%	1.78%	14.88%	5.95%	-3.74%	19.00%	46.88%	-27.38%	-1.85%	-4.10%	18.06%	-10.80%	5.39%	-0.66%	14.96%	-16.84%	13.14%	-3.71%	9.47%	-4.20%	6.80%	1.09%	19.30%	-29.63%	21.56%	5.02%	20.00%	-27.51%	20.23%	11.74%	18.43%	-22.35%	19.17%	3.59%	26.80%	-24.30%	40.08%
cost of goods sold	469,069,000	481,194,000	494,074,000	489,892,000	458,619,000	449,609,000	450,392,000	454,898,000	410,922,000	417,309,000	410,775,000	420,406,000	391,617,000	403,093,000	448,288,000	468,402,000	458,709,000	447,237,000	501,174,000	501,183,000	453,815,000	427,308,000	435,683,000	376,863,000	283,241,000	381,903,000	393,360,000	411,556,000	365,607,000	408,190,000	382,047,000	369,198,000	345,371,000	411,622,000	378,148,000	409,513,000	391,824,000	390,052,000	373,509,000	363,542,000	327,981,000	422,947,000	341,661,000	312,679,000	279,027,000	364,584,000	304,302,000	265,857,000	241,905,000	296,717,000	255,032,000	242,872,000	199,460,000	252,881,000	182,291,000
gross profit	331,259,000	361,429,000	389,736,000	409,259,000	355,333,000	362,797,000	361,340,000	374,757,000	316,038,000	320,951,000	340,450,000	380,073,000	347,545,000	369,406,000	420,778,000	523,218,000	498,583,000	455,504,000	505,254,000	487,676,000	406,977,000	385,128,000	408,330,000	332,419,000	199,654,000	283,073,000	284,166,000	294,958,000	232,814,000	262,701,000	254,511,000	271,600,000	212,035,000	258,673,000	214,325,000	205,813,000	170,256,000	196,654,000	175,819,000	179,839,000	127,475,000	224,261,000	190,750,000	194,263,000	143,418,000	218,143,000	180,373,000	167,909,000	124,349,000	174,977,000	140,800,000	139,226,000	101,877,000	145,174,000	101,880,000
yoy	-6.78%	-0.38%	7.86%	9.21%	12.43%	13.04%	6.14%	-1.40%	-9.07%	-13.12%	-19.09%	-27.36%	-30.29%	-18.90%	-16.72%	7.29%	22.51%	18.27%	23.74%	46.71%	103.84%	36.05%	43.69%	12.70%	-14.24%	7.75%	11.65%	8.60%	9.80%	1.56%	18.75%	31.96%	24.54%	31.54%	21.90%	14.44%	33.56%	-12.31%	-7.83%	-7.42%	-11.12%	2.80%	5.75%	15.70%	15.34%	24.67%	28.11%	20.60%	22.06%	20.53%	38.20%
qoq	-8.35%	-7.26%	-4.77%	15.18%	-2.06%	0.40%	-3.58%	18.58%	-1.53%	-5.73%	-10.43%	9.36%	-5.92%	-12.21%	-19.58%	4.94%	9.46%	-9.85%	3.60%	19.83%	5.67%	-5.68%	22.84%	66.50%	-29.47%	-0.38%	-3.66%	26.69%	-11.38%	3.22%	-6.29%	28.09%	-18.03%	20.69%	4.14%	20.88%	-13.42%	11.85%	-2.24%	41.08%	-43.16%	17.57%	-1.81%	35.45%	-34.26%	20.94%	7.42%	35.03%	-28.93%	24.27%	1.13%	36.66%	-29.82%	42.50%
gross margin %	41.39%	42.89%	44.10%	45.52%	43.66%	44.66%	44.51%	45.17%	43.47%	43.47%	45.32%	47.48%	47.02%	47.82%	48.42%	52.76%	52.08%	50.46%	50.20%	49.32%	47.28%	47.40%	48.38%	46.87%	41.35%	42.57%	41.94%	41.75%	38.90%	39.16%	39.98%	42.38%	38.04%	38.59%	36.17%	33.45%	30.29%	33.52%	32.01%	33.10%	27.99%	34.65%	35.83%	38.32%	33.95%	37.43%	37.22%	38.71%	33.95%	37.10%	35.57%	36.44%	33.81%	36.47%	35.85%
selling, general and administrative expenses	297,016,000	264,878,000	283,806,000	280,383,000	299,422,000	292,468,000	259,872,000	278,630,000	261,375,000	256,696,000	289,214,000	228,733,000	248,305,000	257,201,000	250,528,000	288,804,000	293,295,000	237,738,000	232,715,000	238,688,000	219,089,000	201,512,000	297,109,000	195,851,000	164,201,000	182,093,000	194,929,000	190,977,000	164,181,000	159,463,000	207,495,000	186,225,000	158,434,000	189,553,000	171,163,000	193,690,000	163,360,000	169,544,000	160,433,000	157,824,000	138,950,000	157,028,000	145,874,000	137,840,000	126,389,000	142,818,000	143,685,000	118,974,000	119,571,000	116,717,000	116,940,000	167,006,000	101,366,000	233,769,000	99,886,000
operating income	34,243,000	96,551,000	105,930,000	128,876,000	55,911,000
yoy	-38.75%
qoq	-64.53%	-8.85%	-17.80%	130.50%
operating margin %	4.28%	11.46%	11.99%	14.33%	6.87%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
other expenses
interest expense—net	52,663,000	54,265,000	57,152,000	57,358,000	56,603,000	56,977,000	57,590,000	59,262,000	56,772,000	59,418,000	54,640,000	44,422,000	39,816,000	34,674,000	31,417,000	26,264,000	20,855,000	24,835,000	13,223,000	13,581,000	13,308,000	14,547,000	15,656,000	19,418,000	19,629,000	19,982,000	21,564,000	24,513,000	21,118,000	21,188,000	19,371,000	17,480,000	17,035,000	17,074,000	18,915,000	14,402,000	12,179,000	11,954,000	11,091,000	10,909,000	10,528,000
other expense—net	737,000	-1,515,000	694,000	-574,000	-3,653,000	2,866,000	27,000	-663,000	1,165,000	-3,388,000	5,305,000	-186,000		-4,811,000	1,989,000	3,195,000
total other expenses	53,400,000	52,750,000	57,846,000	56,784,000	52,950,000	59,843,000	57,617,000	58,599,000	57,937,000	56,030,000	59,945,000	44,236,000	39,163,000	29,863,000	33,406,000	52,921,000	166,628,000	34,967,000	31,736,000	16,747,000	13,413,000	14,547,000	15,656,000	19,266,000	40,088,000	20,551,000	28,421,000	23,559,000				18,397,000		50,774,000	23,795,000
income before income taxes and equity method investments	-19,157,000				2,961,000	19,526,250	43,851,000		-3,274,000	39,618,000	-8,709,000	107,104,000	60,077,000
income tax expense	-5,902,000	13,375,000	11,625,000	19,032,000	3,127,000	-6,083,000	9,256,000	3,717,000	-2,091,000	-6,354,000	-9,215,000	27,245,000	16,585,000	-20,491,000	36,162,000	56,397,000	-163,426,000	34,434,000	54,391,000	3,009,000	41,724,000	37,988,000	49,154,000	18,879,000	-1,423,000	11,996,000	8,353,000	16,665,000	11,793,000	13,837,000	5,234,000	2,936,000	8,507,000	18,085,000	6,216,000	5,583,000		5,720,000	1,778,000	4,188,000	-8,533,000	22,312,000	13,163,000	19,082,000	4,224,000	26,861,000	12,049,000	17,336,000	927,000	30,081,000	12,146,000	-11,136,000	-168,000
loss before equity method investments	-13,255,000				-166,000
share of equity method investments net loss	442,000
net income	-13,697,000	28,775,000	36,265,000	51,708,000	8,039,000	13,917,000	33,168,000	28,952,000	-3,625,000	11,381,000	-2,187,000	76,477,000	41,890,000	106,896,000	98,760,000	122,275,000	200,711,000	147,045,000	184,099,000	226,746,000	130,656,000	130,193,000	46,411,000	98,423,000	-3,212,000	68,433,000	52,463,000	63,757,000	35,722,000	36,127,000	22,411,000	64,042,000	28,059,000	261,000	13,151,000	-7,862,000	-3,370,000	9,436,000	2,517,000	6,918,000	-13,470,000	33,302,000	20,710,000	29,935,000	7,156,000	42,525,000	19,429,000	27,253,000	1,795,000	26,642,000	9,549,000	-17,835,000	-161,000	-28,362,000	1,685,000
yoy	-270.38%	106.76%	9.34%	78.60%	-321.77%	22.28%	-1616.60%	-62.14%	-108.65%	-89.35%	-102.21%	-37.45%	-79.13%	-27.30%	-46.35%	-46.07%	53.62%	12.94%	296.67%	130.38%	-4167.75%	90.25%	-11.54%	54.37%	-108.99%	89.42%	134.09%	-0.45%	27.31%	13741.76%	70.41%	-914.58%	-932.61%	-97.23%	422.49%	-213.65%	-74.98%	-71.67%	-87.85%	-76.89%	-288.23%	-21.69%	6.59%	9.84%	298.66%	59.62%	103.47%	-252.81%	-1214.91%	-193.94%	466.71%
qoq	-147.60%	-20.65%	-29.87%	543.21%	-42.24%	-58.04%	14.56%	-898.68%	-131.85%	-620.39%	-102.86%	82.57%	-60.81%	8.24%	-19.23%	-39.08%	36.50%	-20.13%	-18.81%	73.54%	0.36%	180.52%	-52.85%	-3164.23%	-104.69%	30.44%	-17.71%	78.48%	-1.12%	61.20%	-65.01%	128.24%	10650.57%	-98.02%	-267.27%	133.29%	-135.71%	274.89%	-63.62%	-151.36%	-140.45%	60.80%	-30.82%	318.32%	-83.17%	118.87%	-28.71%	1418.27%	-93.26%	179.00%	-153.54%	10977.64%	-99.43%	-1783.20%
net income margin %	-1.71%	3.41%	4.10%	5.75%	0.99%	1.71%	4.09%	3.49%	-0.50%	1.54%	-0.29%	9.55%	5.67%	13.84%	11.36%	12.33%	20.97%	16.29%	18.29%	22.93%	15.18%	16.03%	5.50%	13.88%	-0.67%	10.29%	7.74%	9.02%	5.97%	5.38%	3.52%	9.99%	5.03%	0.04%	2.22%	-1.28%	-0.60%	1.61%	0.46%	1.27%	-2.96%	5.15%	3.89%	5.91%	1.69%	7.30%	4.01%	6.28%	0.49%	5.65%	2.41%	-4.67%	-0.05%	-7.13%	0.59%
weighted-average shares used for eps calculation	18,845,313,000	18,753,509,000	18,760,088,000	18,737,234,000	18,729,005,000	18,487,319,000	18,534,815,000	18,458,207,000	18,324,454,000	19,880,576,000	18,371,545,000	20,960,329,000	22,047,029,000	23,523,065,000	23,681,482,000	24,475,373,000	22,608,537,000	21,270,448,000	21,430,557,000	21,166,638,000	21,003,244,000	19,668,976,000	19,552,836,000	19,386,115,000	19,242,641,000	19,082,303,000	18,765,769,000	18,465,876,000	19,976,858,000	21,613,678,000	22,082,141,000	21,925,702,000	21,545,025,000	27,053,616,000	21,221,848,000	28,398,307,000	37,609,516,000	40,691,483,000	40,730,059,000	40,646,124,000	40,588,081,000	40,190,448,000	40,282,734,000	40,045,850,000	39,913,946,000		39,507,272,000	39,436,255,000	39,152,923,000		38,888,208,000	38,712,000,000	38,076,026,000
basic net income per share	-0.73	1.53	1.93	2.76	0.43	0.75	1.79	1.57	-0.2	0.74	-0.12	3.65	1.9	-2.6	4.17	5.95	15.34	6.83	8.59	10.71	6.22	6.52	2.37	5.08	-0.17	3.58	2.8	3.45	1.79	1.73	1.01	2.92	1.3	0.01	0.62	-0.28		0.23	0.06	0.17	-0.33	0.83	0.51	0.75	0.18	1.08	0.49	0.69	0.05	0.69	0.25
diluted net income per share	-0.73	1.47	1.83	2.62	0.4	0.69	1.66	1.45	-0.2	0.68	-0.12	3.36	1.76	-1.8	3.78	5.37	12.16	4.94	5.88	7.09	4.19	4.59	1.64	3.71	-0.17	2.69	2.17	2.86	1.43	1.41	0.81	2.33	1.11	0.01	0.56	-0.28		0.23	0.06	0.17	-0.33	0.79	0.49	0.71	0.17	1.02	0.47	0.66	0.04	0.67	0.23
income before taxes and equity method investments		43,801,000	48,084,000	72,092,000				37,528,000
income before equity method investments		30,426,000	36,459,000	53,060,000		16,569,000	34,595,000	33,811,000	-1,183,000	14,579,000	506,000	79,859,000	43,492,000	102,833,000	100,682,000	125,096,000	202,086,000	148,365,000	186,412,000	229,232,000	132,751,000
share of equity method investments loss—net		-1,664,750	194,000	1,352,000	-8,205,000	2,652,000	1,427,000	4,859,000	2,442,000
income from operations						70,329,000	101,468,000	96,127,000	54,663,000	64,255,000	51,236,000	151,340,000	99,240,000	112,205,000	170,250,000	234,414,000	205,288,000	217,766,000	272,539,000	248,988,000	187,888,000	183,616,000	111,221,000	136,568,000	35,453,000	100,980,000	89,237,000	103,981,000	68,633,000	103,238,000	47,016,000	85,375,000	53,601,000	69,120,000	43,162,000	12,123,000	6,896,000	27,110,000	15,386,000	22,015,000	-11,475,000	67,233,000	44,876,000	56,423,000	17,029,000	75,325,000	36,688,000	48,935,000	4,778,000	58,260,000	23,860,000	-27,780,000	511,000	-88,595,000	1,994,000
loss on extinguishment of debt																23,462,000	146,116,000	7,354,000	18,513,000	3,166,000	105,000							-954,000				917,000			4,880,000
share of equity method investments loss										3,198,000	2,693,000	3,382,000	1,602,000
other income—net													-653,000				-343,000
income before income taxes														89,249,250	136,844,000	181,493,000	38,660,000	182,799,000	240,803,000	232,241,000	174,475,000	169,069,000	95,565,000	117,302,000	-4,635,000	80,429,000	60,816,000	80,422,000	47,515,000	49,964,000	27,645,000	66,978,000	36,566,000	18,346,000	19,367,000	-2,279,000	-5,283,000	15,156,000	4,295,000	11,106,000	-22,003,000	55,614,000	33,873,000	49,017,000	11,380,000	69,386,000	31,478,000	44,589,000	2,722,000	56,723,000	21,695,000	-28,971,000	-329,000	-89,773,000	450,000
share of equity method investments losses														8,173,000	-1,922,000	-2,821,000	-1,375,000	-1,320,000	-2,313,000	-2,486,000	-2,095,000
tradename impairment																						5,114,750			20,459,000
loss on extinguishment of debt—net																										569,000	6,857,000
gain on extinguishment of debt																								-152,000
other incomes
total other incomes																														13,700,750	19,371,000
income tax benefit																																					-1,913,000																	-153,000	-1,235,000
basic net loss per share																																					-0.09
diluted net loss per share																																					-0.09
interest expense																																										6,014,500	11,003,000	7,406,000	5,649,000	29,163,000	-5,210,000	-4,346,000	-2,056,000	-1,537,000	-2,165,000	-1,191,000	-840,000	-1,178,000	-1,544,000
basic and diluted net income per share																																																				-0.46		-155,731.36	16,850
basic and diluted net loss per share
shares used in computing basic and diluted net income per share																																																						25	100
pro forma shares used in computing basic and diluted net income per share																																																						8,047,222.75	32,188,891
pro forma basic and diluted net income per share																																																						0.12	0.05

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-05-02	2026-01-31	2025-11-01	2025-08-02	2025-05-03	2025-02-01	2024-11-02	2024-08-03	2024-05-04	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02	2012-10-27

assets
cash and cash equivalents	53,803,000	41,191,000	43,086,000	34,560,000	46,084,000	30,413,000	87,012,000	78,333,000	101,787,000	123,688,000	380,695,000	417,047,000	1,516,689,000	1,508,101,000	2,150,466,000	2,085,081,000	2,243,255,000	2,177,889,000	2,198,961,000	291,461,000	229,527,000	100,446,000	89,884,000	17,387,000	17,208,000	47,658,000	38,253,000	11,555,000	37,550,000	5,803,000	7,755,000	22,199,000	20,796,000	17,907,000	22,162,000	21,637,000	80,150,000	87,023,000	55,426,000	37,677,000	237,156,000	349,897,000	226,979,000	304,948,000	103,767,000	148,934,000	157,127,000	181,493,000	10,942,000	13,389,000	8,197,000	15,012,000	9,669,000	8,354,000	15,568,000
accounts receivable—net	72,435,000	63,447,000	63,138,000	61,248,000	63,781,000	63,484,000	63,004,000	66,644,000	62,800,000	55,058,000	56,053,000	54,447,000	60,233,000	59,763,000	58,563,000	55,538,000	65,602,000	57,914,000	60,621,000	59,798,000	60,212,000		59,065,000	55,916,000	49,099,000	48,979,000	45,312,000	44,287,000	48,882,000	40,224,000	42,748,000	40,706,000	38,614,000	31,412,000	34,447,000	34,752,000	34,116,000	34,191,000	35,974,000	34,962,000	32,080,000	28,567,000	32,366,000	22,834,000	25,509,000	25,965,000	27,646,000	24,136,000	18,922,000	22,028,000	22,041,000	22,605,000	17,712,000	17,040,000	19,045,000
merchandise inventories	802,438,000	818,550,000	874,914,000	956,947,000	1,007,843,000	1,019,591,000	978,553,000	917,331,000	802,209,000	754,126,000	718,959,000	737,663,000	766,301,000	801,841,000	819,299,000	859,078,000	817,327,000	734,289,000	633,591,000	645,987,000	593,946,000		497,076,000	487,639,000	494,260,000	438,696,000	429,189,000	480,688,000	530,190,000	531,947,000	566,117,000	551,343,000	530,657,000	527,026,000	557,345,000	608,048,000	683,984,000	752,304,000	776,586,000	807,389,000	763,055,000	725,392,000	760,854,000	707,516,000	601,739,000	559,297,000	610,497,000	547,103,000	483,530,000	453,845,000	448,150,000	406,676,000	365,716,000	353,329,000	333,825,000
prepaid expense and other current assets	195,205,000	184,474,000	143,262,000	148,911,000	162,225,000	177,843,000	149,182,000	156,975,000	149,230,000	169,030,000	129,213,000	143,831,000	129,083,000	139,297,000	234,247,000	251,621,000	272,877,000	121,350,000	120,666,000	140,570,000	105,723,000		88,875,000	60,497,000	65,154,000	61,619,000	46,725,000	99,297,000	118,648,000	104,719,000	77,418,000	78,254,000	60,064,000	68,585,000	75,041,000	77,679,000	108,241,000	117,162,000	113,665,000	98,282,000	112,049,000	79,020,000	89,772,000	81,622,000	99,925,000	87,976,000	101,592,000	127,801,000	126,872,000	103,153,000	88,181,000	96,126,000	121,335,000	77,029,000	91,907,000
total current assets	1,123,881,000	1,107,662,000	1,124,400,000	1,201,666,000	1,279,933,000	1,291,331,000	1,277,751,000	1,219,283,000	1,116,026,000	1,101,902,000	1,286,880,000	1,356,526,000	2,475,844,000	2,512,664,000	3,266,457,000	3,251,318,000	3,399,061,000	3,091,442,000	3,013,839,000	1,137,816,000	989,408,000		734,900,000	621,439,000	625,721,000	596,952,000	559,479,000	657,622,000	822,065,000	682,693,000	694,038,000	692,502,000	650,131,000	644,930,000	688,995,000	742,116,000	914,670,000	1,138,257,000	1,151,804,000	1,149,164,000	1,244,435,000	1,313,677,000	1,297,713,000	1,294,760,000	934,382,000	912,244,000	918,262,000	901,933,000	661,666,000	613,815,000	603,562,000	577,403,000	551,438,000	492,758,000	460,345,000
property and equipment—net	2,219,579,000	2,158,718,000	2,175,433,000	2,018,159,000	1,905,097,000	1,883,176,000	1,797,308,000	1,753,727,000	1,693,190,000	1,685,858,000	1,665,483,000	1,655,326,000	1,640,596,000	1,635,984,000	1,577,900,000	1,554,880,000	1,357,064,000	1,227,920,000	1,196,335,000	1,131,501,000	1,103,668,000		1,051,825,000	1,053,435,000	953,738,000	967,599,000	969,090,000	950,594,000	954,142,000	863,562,000	856,230,000	833,232,000	811,369,000	800,698,000	778,320,000	744,460,000	702,741,000	682,056,000	656,569,000	600,685,000	558,431,000	515,605,000	556,594,000	503,456,000	458,113,000	390,844,000	331,988,000	261,872,000	241,053,000	214,909,000	190,069,000	154,008,000	123,091,000	111,406,000	93,663,000
operating lease right-of-use assets	835,074,000	795,352,000	726,556,000	638,085,000	654,978,000	617,103,000	599,836,000	624,641,000	605,664,000	625,801,000	616,571,000	532,090,000	528,010,000	527,246,000	536,452,000	540,396,000	544,797,000	551,045,000	551,731,000	553,834,000	541,841,000		405,776,000	404,508,000	392,934,000	410,904,000	415,912,000	421,001,000	432,212,000
goodwill and intangible assets—net	224,214,000
deferred tax assets	128,364,000	128,375,000	147,941,000	147,954,000	147,902,000	147,723,000	138,574,000	143,975,000	143,980,000	143,986,000	126,094,000	123,405,000	150,539,000	167,039,000	63,105,000	63,257,000	63,256,000	56,843,000	49,870,000	50,047,000	49,869,000		38,839,000	39,013,000	38,875,000	45,005,000	36,506,000	35,946,000	35,752,000	30,033,000	29,049,000	29,437,000	30,014,000	23,311,000	29,214,000	29,394,000
equity method investments	119,311,000	119,754,000	121,404,000	121,599,000	122,951,000	126,909,000	129,561,000	130,790,000	128,908,000	128,668,000	128,112,000	130,211,000	132,997,000	101,468,000	97,005,000	98,135,000	100,550,000	100,810,000	97,976,000	97,412,000	99,131,000
other non-current assets	297,254,000	301,833,000	274,544,000	346,128,000	319,343,000	271,386,000	303,729,000	286,740,000	281,705,000	240,722,000	200,736,000	198,748,000	175,674,000	149,207,000	127,506,000	108,553,000	208,629,000	298,149,000	296,226,000	282,826,000	240,011,000		240,941,000	196,801,000	228,772,000	214,845,000	170,628,000	112,253,000	91,290,000	19,345,000	21,521,000	16,438,000	14,920,000	21,332,000	28,758,000	27,097,000	27,268,000	36,169,000	24,657,000	27,633,000	27,302,000	27,560,000	26,348,000	17,490,000	18,858,000	22,906,000
total assets	4,947,677,000	4,835,710,000	4,793,741,000	4,697,021,000	4,650,256,000	4,554,689,000	4,464,222,000	4,376,396,000	4,186,539,000	4,143,897,000	4,240,619,000	4,212,831,000	5,319,830,000	5,309,289,000	5,883,715,000	5,831,447,000	5,887,937,000	5,540,470,000	5,420,025,000	3,467,152,000	3,237,317,000	2,898,313,000	2,679,250,000	2,506,409,000	2,429,893,000	2,445,694,000	2,362,013,000	2,387,808,000	2,545,832,000	1,806,034,000	1,843,325,000	1,814,107,000	1,748,961,000	1,732,866,000	1,801,566,000	1,819,409,000	1,948,386,000	2,192,520,000	2,156,301,000	2,088,641,000	2,051,008,000	2,088,472,000	2,059,110,000	1,996,988,000	1,602,302,000	1,525,999,000	1,452,323,000	1,366,728,000	1,099,956,000	1,025,103,000	992,098,000	929,364,000	859,622,000	789,613,000	742,232,000
liabilities and stockholders’ equity
accounts payable and accrued expenses	411,554,000	386,736,000	376,628,000	380,533,000	398,330,000	413,406,000	411,832,000	495,961,000	407,494,000	366,585,000	399,727,000	357,479,000	321,743,000	374,949,000	389,965,000	376,132,000	428,949,000	442,379,000	395,148,000	426,785,000	389,411,000		368,552,000	340,266,000	284,980,000	330,309,000	288,937,000	289,713,000	289,146,000	320,441,000	306,860,000	284,942,000	264,173,000	318,765,000	252,569,000	271,837,000	233,395,000	226,980,000	231,079,000	222,812,000	248,971,000	280,714,000	300,888,000	291,381,000	240,422,000	235,159,000	262,381,000	248,336,000	215,381,000	206,778,000	209,228,000	205,551,000	179,420,000	145,353,000	156,382,000
deferred revenue and customer deposits	382,421,000	338,504,000	348,932,000	351,502,000	346,394,000	291,815,000	307,922,000	302,526,000	315,647,000	282,812,000	302,976,000	331,031,000	344,944,000	325,754,000	361,113,000	390,710,000	436,765,000	387,933,000	385,070,000	397,161,000	363,404,000		274,958,000	230,089,000	189,048,000	162,433,000	167,014,000	165,511,000	174,252,000	152,595,000	165,065,000	164,979,000	172,379,000	149,404,000	166,579,000	176,310,000	168,177,000	145,918,000	144,574,000	137,277,000	117,741,000	106,769,000	88,844,000	86,322,000	76,596,000	73,550,000	69,927,000	71,191,000	53,933,000	48,927,000	51,250,000	52,764,000	43,095,000	41,643,000	41,948,000
operating lease liabilities	110,255,000	110,280,000	107,011,000	105,866,000	93,170,000	100,944,000	88,221,000	86,106,000	85,875,000	85,523,000	89,492,000	83,489,000	81,262,000	80,384,000	77,858,000	75,289,000	74,309,000	73,834,000	74,706,000	74,074,000	72,442,000		64,879,000	63,866,000	61,997,000	58,924,000	55,753,000	57,162,000	56,601,000
other current liabilities	92,627,000	95,086,000	113,676,000	116,000,000	96,200,000	98,961,000	88,292,000	84,071,000	85,613,000	96,113,000	100,972,000	100,667,000	101,860,000	103,190,000	104,538,000	115,068,000	107,801,000	146,623,000	131,779,000	92,336,000	101,604,000		174,196,000	150,759,000	137,336,000	140,714,000	106,432,000	131,883,000	143,693,000	101,347,000	53,441,000	51,354,000	59,944,000	51,166,000	50,609,000	47,602,000	42,349,000	43,271,000	43,768,000	45,160,000	40,225,000	65,072,000	39,269,000	47,789,000	36,054,000	35,587,000	44,551,000	43,016,000	33,227,000	61,598,000	50,465,000	38,691,000	32,666,000	32,428,000	31,255,000
total current liabilities	996,857,000	930,606,000	946,247,000	953,901,000	934,094,000	905,126,000	896,267,000	1,010,554,000	936,491,000	872,868,000	934,974,000	872,666,000	851,503,000	885,973,000	935,176,000	958,903,000	1,361,530,000	1,063,758,000	1,096,310,000	1,229,000,000	1,016,172,000		882,585,000	784,980,000	968,935,000	982,912,000	903,706,000	924,957,000	1,011,610,000	918,172,000	865,073,000	836,945,000	496,496,000	519,335,000	469,757,000	495,749,000	443,921,000	416,169,000	419,421,000	405,249,000	406,937,000	452,555,000	429,131,000	426,686,000	353,072,000	344,429,000	377,003,000	362,686,000	302,684,000	317,448,000	310,943,000	297,006,000	255,181,000	219,424,000	229,585,000
asset based credit facility	30,000,000	20,000,000	65,000,000	135,000,000	185,000,000	200,000,000	190,000,000	25,000,000																91,600,000	10,000,000			145,000,000		57,500,000	107,500,000		219,000,000	199,970,000	341,000,000	283,000,000
term loan b—net	1,882,171,000	1,886,370,000	1,890,567,000	1,894,761,000	1,898,954,000	1,903,144,000	1,907,333,000	1,911,519,000	1,915,703,000	1,919,885,000	1,924,002,000	1,928,180,000	1,932,356,000	1,936,529,000	1,940,701,000	1,944,870,000
term loan b-2—net	467,112,000	467,299,000	467,483,000	467,665,000	467,843,000	468,019,000	468,193,000	468,363,000	468,531,000	468,696,000	468,775,000	468,934,000	469,091,000	469,245,000	469,396,000	469,546,000
real estate loan—net	15,112,000
non-current operating lease liabilities	733,340,000	705,084,000	658,328,000	588,083,000	610,053,000	573,468,000	559,518,000	573,204,000	555,651,000	576,166,000	570,073,000	506,535,000	504,479,000	505,809,000	521,093,000	527,445,000	533,074,000	540,513,000	538,886,000	542,510,000	532,142,000		405,432,000	406,012,000	395,641,000	409,930,000	412,247,000	415,803,000	427,961,000
non-current finance lease liabilities	734,159,000	718,837,000	721,613,000	657,784,000	625,463,000	630,655,000	588,766,000	584,677,000	562,804,000	566,829,000	642,726,000	646,900,000	648,792,000	653,050,000	656,643,000	661,001,000	594,728,000	560,550,000	549,098,000	523,797,000	501,118,000		488,660,000	492,136,000	439,470,000	442,988,000	431,379,000	433,591,000	436,228,000
deferred tax liabilities	17,561,000	17,731,000	11,360,000	11,433,000	11,256,000	10,394,000	8,496,000	8,540,000	8,419,000	8,442,000	6,139,000	6,401,000	6,402,000	6,315,000																																									21,893,000
other non-current liabilities	14,438,000	13,984,000	14,517,000	13,934,000	12,920,000
total liabilities	4,890,750,000	4,775,110,000	4,790,395,000	4,737,921,000	4,761,024,000	4,718,278,000	4,647,231,000	4,611,113,000	4,476,460,000	4,441,291,000	4,573,833,000	4,497,413,000	4,480,444,000	4,524,628,000	4,589,768,000	4,611,203,000	4,546,147,000	4,370,193,000	4,398,650,000	2,630,294,000	2,642,855,000		2,382,381,000	2,377,918,000	2,410,761,000	2,427,043,000	2,425,233,000	2,565,726,000	2,793,205,000	1,828,996,000	1,811,305,000	1,668,046,000	1,740,319,000	1,740,202,000	1,826,842,000	1,866,193,000	1,325,608,000	1,272,651,000	1,254,123,000	1,195,683,000	1,171,480,000	1,202,312,000	1,219,800,000	1,194,710,000	883,793,000	823,083,000	813,968,000	752,475,000	557,729,000	479,831,000	483,189,000	429,991,000	404,572,000	338,002,000	474,994,000
commitments and contingencies
stockholders’ equity
preferred stock—0.0001 par value per share...
common stock—0.0001 par value per share...	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000		2,000	2,000	2,000	2,000	2,000
additional paid-in capital	425,102,000	410,461,000	399,809,000	387,582,000	375,521,000	362,348,000	340,616,000	321,214,000	300,189,000	287,806,000	270,928,000	261,803,000	257,616,000	247,076,000	313,887,000	334,054,000	575,635,000	620,577,000	602,571,000	583,112,000	597,329,000		566,436,000	444,378,000	436,799,000	430,662,000	416,946,000	355,010,000	362,986,000	356,422,000	934,199,000	944,610,000	870,751,000	860,288,000	843,965,000	834,885,000	798,467,000	790,866,000	783,050,000	775,373,000	767,643,000	763,566,000	748,710,000	732,357,000	677,208,000	668,989,000	645,914,000	641,074,000	595,419,000	584,641,000	574,428,000	571,714,000	509,514,000	505,883,000	293,112,000
accumulated other comprehensive income	31,585,000	36,202,000	18,375,000	22,621,000	16,522,000		1,142,000	2,004,000			-8,996,000	3,272,000					-5,555,000	-1,410,000	1,168,000	3,265,000	3,913,000																				61,000					-502,000	537,000	704,000	693,000	629,000	935,000	1,138,000	1,180,000	1,211,000	1,251,000
accumulated deficit	-399,762,000	-386,065,000	-414,840,000	-451,105,000	-502,813,000	-510,852,000	-524,769,000	-557,937,000	-586,889,000												-6,782,000		-267,631,000	-314,042,000	-412,465,000	-409,253,000	-477,687,000	-530,150,000	-356,816,000																			-8,244,000	-35,497,000	-37,292,000	-63,934,000	-73,483,000	-55,648,000	-55,487,000	-27,125,000
total stockholders’ equity	56,927,000	60,600,000	3,346,000							-297,394,000	-333,214,000	-284,582,000	839,386,000	784,661,000	1,293,947,000	1,220,244,000	1,341,790,000	1,170,277,000	1,007,804,000	806,343,000	594,462,000	447,026,000	296,869,000	128,491,000	19,132,000						32,020,000	146,061,000	8,642,000	-7,336,000	-25,276,000	-46,784,000	622,778,000	919,869,000	902,178,000	892,958,000	879,528,000	886,160,000	839,310,000	802,278,000	718,509,000	702,916,000	638,355,000	614,253,000	542,227,000	545,272,000	508,909,000	499,373,000	455,050,000	451,611,000	267,238,000
total liabilities and stockholders’ equity	4,947,677,000	4,835,710,000	4,793,741,000							4,143,897,000	4,240,619,000	4,212,831,000	5,319,830,000	5,309,289,000	5,883,715,000	5,831,447,000	5,887,937,000	5,540,470,000			3,237,317,000		2,679,250,000	2,506,409,000	2,429,893,000						1,843,325,000	1,814,107,000	1,748,961,000	1,732,866,000	1,801,566,000	1,819,409,000	1,948,386,000	2,192,520,000	2,156,301,000	2,088,641,000	2,051,008,000	2,088,472,000	2,059,110,000	1,996,988,000	1,602,302,000	1,525,999,000	1,452,323,000	1,366,728,000	1,099,956,000	1,025,103,000	992,098,000	929,364,000	859,622,000	789,613,000	742,232,000
goodwill		144,239,000	143,755,000	143,774,000	141,002,000	140,943,000	140,990,000	140,997,000	141,013,000	141,033,000	140,997,000	141,053,000	141,026,000	141,048,000	141,021,000	141,098,000	141,092,000	141,100,000	141,141,000	141,132,000	141,152,000		135,306,000	124,350,000	124,290,000	124,367,000	124,376,000	124,370,000	124,349,000	124,379,000	141,824,000	141,835,000	141,849,000	141,893,000	175,553,000	175,592,000	174,158,000	173,603,000	175,946,000	175,980,000	124,435,000	124,301,000	124,382,000	124,389,000	124,483,000	124,424,000	124,592,000	124,634,000	124,627,000	122,424,000	122,529,000	122,538,000	122,581,000	122,601,000	122,604,000
tradenames, trademarks and other intangible assets—net		79,777,000	79,708,000	79,656,000	79,050,000
real estate loans—net		15,199,000	15,280,000	15,360,000	15,441,000	15,524,000	17,519,000	17,596,000	17,679,000	17,766,000
liabilities and stockholders’ deficit
stockholders’ deficit:
total stockholders’ deficit				-40,900,000	-110,768,000	-163,589,000	-183,009,000	-234,717,000	-289,921,000																		-63,220,000	-177,918,000	-247,373,000	-22,962,000
total liabilities and stockholders’ deficit				4,697,021,000	4,650,256,000	4,554,689,000	4,464,222,000	4,376,396,000	4,186,539,000																		2,362,013,000	2,387,808,000	2,545,832,000	1,806,034,000
tradenames, trademarks and other intangible assets						76,118,000	76,473,000	76,243,000	76,053,000	75,927,000	75,746,000	75,472,000	75,144,000	74,633,000	74,269,000	73,810,000	73,488,000	73,161,000	72,907,000	72,584,000	72,237,000
convertible senior notes due 2024—net								41,890,000	41,862,000	41,835,000	41,807,000	41,779,000	41,751,000		41,696,000	41,668,000	80,388,000	3,600,000	56,365,000	66,503,000	285,721,000	284,182,000	277,247,000	273,100,000	269,012,000	264,982,000	261,010,000
other non-current obligations						11,948,000	11,139,000	11,660,000	11,182,000	10,639,000	9,300,000	8,116,000	8,165,000	8,074,000	7,151,000	7,770,000	7,731,000	8,706,000	11,346,000	15,458,000	15,827,000		27,558,000	28,206,000	28,017,000	28,520,000	28,693,000	30,148,000	31,685,000	50,346,000	52,073,000	47,847,000	73,248,000	76,367,000	70,395,000	56,652,000	44,301,000	44,684,000	41,384,000	41,822,000	29,326,000	29,349,000	29,273,000	29,327,000	28,855,000	28,944,000	116,545,000
accumulated other comprehensive loss						-15,087,000			-3,223,000	-1,938,000			-108,000	-2,403,000	-12,685,000	-7,795,000							-1,938,000	-1,842,000	-5,132,000	-2,760,000	-2,481,000	-2,780,000	-3,270,000	-2,333,000	-2,300,000	-1,918,000	-1,436,000	-171,000	-1,527,000	-804,000	-2,873,000	-1,692,000	-2,131,000	-1,157,000		-2,700,000	-1,392,000	-1,361,000	-284,000
restricted cash											1,960,000	3,538,000	3,538,000	3,662,000	3,882,000														65,000,000
convertible senior notes due 2023													1,694,000
retained earnings										-583,264,000	-595,148,000	-549,659,000	581,876,000	539,986,000	992,743,000	893,983,000	771,708,000	551,108,000	404,063,000	219,964,000										-376,810,000	245,870,000	223,459,000	159,417,000	152,394,000	152,133,000	138,982,000	146,844,000	150,214,000	140,778,000	138,261,000	131,343,000	144,813,000	111,511,000	90,801,000	60,866,000	53,710,000	11,185,000
real estate loans											17,844,000	17,902,000	17,905,000	17,909,000	17,912,000
stockholders’ equity:
convertible senior notes due 2023—net														1,696,000	1,702,000	1,704,000	19,658,000	9,389,000	53,242,000	172,141,000	288,136,000	287,936,000	280,536,000	275,837,000	271,211,000	266,658,000	262,177,000	257,766,000	253,424,000	249,151,000	244,944,000	240,804,000
convertible senior notes due 2024
convertible senior notes repurchase obligation																	313,706,000
term loan—net																	1,949,038,000	1,953,203,000	1,957,366,000														79,528,000	79,499,000	79,471,000
current assets:
current liabilities:
equipment promissory notes—net																			1,625,000	2,115,000	3,739,000		20,363,000	26,047,000	28,475,000	31,053,000	36,613,000	42,113,000	40,208,000
mezzanine equity—convertible senior notes																			13,571,000	30,515,000
total liabilities, mezzanine equity and stockholders’ equity																			5,420,025,000	3,467,152,000
federal and state tax payable																					89,311,000
balance sheet data:
short-term and long-term investments
working capital																						-97,199,000
financing obligations under build-to-suit lease transactions																														228,928,000	220,708,000	225,700,000	227,979,000	229,323,000	230,259,000	226,231,000	220,019,000	203,015,000	193,277,000	156,930,000	154,953,000	146,621,000	206,180,000	186,367,000	172,174,000	124,770,000
convertible senior notes due 2019—net																													347,918,000	343,789,000	339,707,000	335,670,000	331,678,000	327,731,000	323,828,000	319,969,000	316,153,000	312,379,000	308,649,000	304,959,000	301,311,000	298,267,000	294,739,000	291,249,000
convertible senior notes due 2020—net																									295,574,000	290,532,000	285,570,000	280,688,000	275,884,000	271,157,000	266,506,000	261,929,000	257,425,000	252,994,000	248,633,000	244,342,000	240,120,000	235,965,000	231,876,000	227,854,000	223,895,000	221,534,000	217,774,000	214,075,000
term loan																																																							14,833,000
equipment promissory notes																						37,532,000
promissory notes
notes payable for share repurchases																						755,000
total debt																						610,405,000
net income																						271,815,000
adjustments pre-tax:
non-cash compensation																						117,084,000
amortization of debt discount																						37,055,000
goodwill and tradename impairment																						20,459,000
asset impairments and lease losses																						12,851,000
loss on sale leaseback transaction																						9,352,000
recall accrual																						7,370,000
reorganization related costs																						7,027,000
loss on extinguishment of debt—net																						-152,000
legal settlements
gain on sale of building and land
distribution center closures
impact of inventory step-up
anti-dumping exposure
legal claim
acquisition related costs
subtotal adjusted items																						211,046,000
impact of income tax items																						-20,845,000
share of equity method investments losses																						888,000
adjusted net income																						462,904,000
tradenames, trademarks and domain names																							71,663,000	66,863,000	65,563,000	86,022,000	86,022,000	86,022,000	86,022,000	86,022,000
treasury stock																								-5,000	-72,000				-250,275,000	-243,000	-1,145,751,000	-1,020,092,000	-1,020,092,000	-1,019,849,000	-1,019,849,000	-1,019,849,000	-319,663,000	-19,523,000	-19,523,000	-19,523,000	-19,523,000	-19,523,000	-19,523,000	-19,523,000	-19,285,000	-19,285,000	-19,285,000	-19,285,000	-18,392,000	-2,710,000	-2,524,000
asset held for sale																												21,795,000	21,795,000								8,179,000	4,900,000
stockholders’
total stockholders’																										18,651,000
total liabilities and stockholders’																										2,445,694,000
assets held for sale
filo term loan—net																											89,408,000	119,086,000	119,065,000
second lien term loan—net																												197,262,000	197,140,000
preferred stock, 0.0001 par value per share...
common stock, 0.0001 par value per share...																												2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	3,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000
other intangible assets—net																																		39,000				133,000				227,000				691,000	858,000	1,071,000	1,335,000	1,298,000	1,541,000	1,782,000	2,134,000	2,713,000	3,495,000
deferred rent and lease incentives																														53,742,000	54,501,000	54,821,000	54,965,000	54,983,000	63,499,000	63,887,000	61,094,000	60,439,000	59,516,000	58,869,000	55,058,000	53,986,000	42,703,000	42,052,000	41,893,000	40,552,000	39,406,000	38,838,000	38,356,000	37,727,000	34,151,000	31,453,000	30,867,000	30,784,000	30,037,000
trademarks and other intangible assets																															100,663,000	100,663,000	100,678,000		100,726,000	100,750,000	100,734,000		100,622,000	100,646,000	48,570,000		48,442,000	48,530,000	48,535,000
short-term investments																																						142,677,000	170,153,000	170,854,000	100,095,000	130,801,000	160,670,000	149,692,000	75,507,000	62,168,000
long-term investments																																						33,212,000	21,056,000	9,102,000	10,859,000	22,054,000	2,005,000		9,277,000	18,338,000
trademarks and domain names																																		100,663,000				100,624,000				48,309,000				47,863,000	47,833,000	47,662,000	47,410,000		47,410,000	47,410,000	47,410,000
term loans—net																																				176,363,000
non-current deferred tax assets																																					28,815,000	28,466,000	25,647,000	25,431,000	36,976,000	36,739,000	3,626,000	8,363,000	8,654,000	8,689,000	17,702,000	18,071,000	16,985,000	16,980,000	19,741,000	19,988,000	6,868,000	6,873,000
non-current deferred tax liabilities																																												4,954,000
current deferred tax assets																																											27,072,000	28,148,000	27,935,000	27,904,000	21,400,000	21,400,000	21,400,000	21,400,000	36,993,000	36,984,000	37,006,000	37,006,000
current deferred tax liabilities																																											130,000	1,194,000		133,000	144,000	143,000	143,000	145,000
convertible senior notes—net																																													287,799,000	284,388,000	281,014,000	277,678,000
revolving line of credit																																																	149,146,000	85,425,000	108,245,000	87,575,000	113,994,000	82,501,000	172,696,000
other assets																																															11,088,000	11,485,000	6,880,000	8,267,000	7,246,000	6,235,000	6,100,000	5,852,000	14,715,000
other long-term obligations																																																73,273,000	67,543,000	39,231,000	29,850,000	13,957,000	4,530,000	5,293,000	5,950,000
trademarks																																																		47,410,000				47,410,000
trademarks and domain name																																																							47,410,000
common stock, 0.01 par value...

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-05-03	2024-11-02	2024-08-03	2024-05-04	2023-10-28	2023-07-29	2023-04-29	2022-10-29	2022-07-30	2022-04-30	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	2014-02-01	2013-11-02	2013-08-03	2013-05-04	2013-02-02


prepaid expenses	34,391,000	23,878,000	27,318,000	38,668,000			27,893,000
federal and state tax receivable	21,710,000	19,094,000	18,075,000	7,901,000			13,203,000					15,863,000
vendor deposits	17,870,000	19,544,000	28,196,000	19,297,000			19,700,000				15,077,000	27,796,000	12,689,000
value added tax (vat) receivable	15,700,000	10,510,000	7,748,000	7,447,000			6,264,000
capitalized catalog costs	13,731,000	23,258,000	25,866,000	33,348,000			23,124,000				16,535,000	17,606,000	13,826,000
tenant allowance receivable	12,199,000	13,111,000	7,701,000	8,717,000			4,765,000				16,558,000
capitalized cloud computing costs	11,003,000
right of return asset for merchandise	5,989,000	5,880,000	5,750,000	5,432,000			4,674,000				7,118,000	6,502,000	8,173,000
promissory notes receivable, including interest	1,135,000	3,306,000	3,261,000	3,217,000			4,533,000				16,119,000	14,083,000	13,816,000
other current assets	28,497,000	30,601,000	33,060,000	25,203,000			22,190,000
total prepaid expense and other current assets	162,225,000	149,182,000	156,975,000	149,230,000			129,083,000				120,666,000	140,570,000	105,723,000
net cash from operating activities					67,817,000			143,505,000						153,507,000	218,988,000	145,143,000	-16,868,000		113,864,000	58,309,000	38,824,000	172,964,000	57,363,000	62,473,000	7,756,000	168,340,000	70,364,000	191,343,000	125,055,000	107,969,000	62,441,000	14,727,000	-106,292,000	159,516,000	-31,250,000	27,999,000	-14,379,000	105,249,000	6,967,000	27,494,000	-57,219,000	57,066,000	-974,000	51,052,000	-19,623,000	16,154,000
net cash from investing activities					-50,838,000			-42,623,000						-130,299,000	-41,726,000	-8,943,000	-16,632,000		-45,253,000	-17,367,000	-7,916,000	-32,333,000	-43,191,000	-34,091,000	-27,121,000	-37,281,000	-44,914,000	-21,007,000	167,245,000	-58,119,000	-44,864,000	-211,183,000	-7,331,000	-44,556,000	-56,930,000	-92,213,000	-33,698,000	-130,435,000	-31,061,000	-22,537,000	-16,515,000	-36,246,000	-27,006,000	-20,879,000	-9,737,000	-23,427,000
net cash from financing activities					-53,905,000			-31,525,000						-13,088,000	-97,838,000	-136,170,000	3,182,000		-41,985,000	-131,856,000	65,833,000	-143,582,000	-30,356,000	-26,055,000	16,792,000	-135,444,000	-24,892,000	-228,990,000	-299,087,000	70,000	282,000	-2,587,000	-6,000	8,242,000	10,213,000	265,490,000	2,837,000	17,158,000	-247,000	165,606,000	71,283,000	-15,519,000	21,161,000	-24,790,000	30,653,000	64,000
net decrease in cash and cash equivalents, restricted cash and restricted cash equivalents					-37,930,000
cash, cash equivalents and restricted cash at end of period
cash and cash equivalents, restricted cash and restricted cash equivalents at end of period
interest income receivable							2,737,000
net increase in cash and cash equivalents, restricted cash and restricted cash equivalents
net increase in cash and cash equivalents and restricted cash equivalents														10,287,000					26,698,000	-90,995,000	96,747,000
cash and cash equivalents and restricted cash equivalents at end of period
assets
property and equipment—net										1,227,920,000
deferred tax assets										56,843,000
liabilities
convertible senior notes due 2023—net										59,002,000
convertible senior notes due 2024—net										184,461,000
equity
additional paid-in capital										620,577,000
retained earnings										551,108,000
prepaid expense and other current assets											44,509,000	53,970,000	52,819,000																													-12,766,000	8,318,000	25,936,000	-44,307,000	10,716,000
acquisition related escrow deposits											4,750,000	4,750,000	4,400,000
cash flows from operating activities
net income														130,193,000	46,411,000	98,423,000	-3,212,000		52,463,000	63,757,000	35,722,000	36,127,000	22,411,000	64,042,000	28,059,000	261,000				9,436,000	2,517,000	6,918,000	-13,470,000	33,302,000	20,710,000	29,935,000	7,156,000	42,525,000	19,429,000	27,253,000	1,795,000	26,642,000	9,549,000			-28,362,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization														23,352,000	26,476,000	25,342,000	24,870,000		23,435,000	25,321,000	27,189,000	21,166,000	18,377,000	17,756,000	17,047,000	19,043,000	18,546,000	16,526,000	16,020,000	15,747,000	15,036,000	13,658,000	12,554,000	12,490,000	11,231,000	10,895,000	9,979,000	9,468,000	9,017,000	8,338,000	7,640,000	7,695,000	6,731,000	6,598,000	6,630,000	7,263,000
non-cash operating lease cost														17,063,000	15,714,000	15,448,000	15,907,000		15,628,000
goodwill and tradename impairment
asset impairments														1,701,000	0	0	4,783,000
asset held for sale loss
amortization of debt discount														8,562,000	8,432,000	12,462,000	12,916,000		10,566,000	10,585,000	12,377,000	12,199,000	12,024,000	9,764,000	7,881,000	7,772,000	7,667,000	7,560,000	7,458,000	7,355,000	7,254,000	7,156,000	7,057,000	6,961,000	6,865,000	5,038,000	3,250,000	3,215,000	3,178,000
accretion of debt discount upon settlement of debt														0	0				0
stock-based compensation expense														14,232,000	118,783,000	6,861,000	5,828,000		5,116,000	5,298,000	5,695,000	6,206,000	3,685,000	6,095,000	7,997,000	7,780,000	6,763,000	30,877,000	5,289,000	7,503,000	7,408,000	10,305,000	3,998,000	6,568,000	6,075,000	6,281,000	5,299,000	5,412,000	4,910,000	4,519,000	2,231,000	1,775,000	1,565,000	60,651,000	3,631,000	115,081,000
non-cash finance lease interest expense														6,124,000	6,158,000	5,948,000	5,781,000		5,678,000
product recalls														1,809,000	781,000				-1,410,000	-320,000	-1,786,000
deferred income taxes														-5,037,000																								2,384,000				18,474,000	236,000			-4,426,000
loss on extinguishment of debt—net														0
share of equity method investments losses
other non-cash items														724,000	870,000
change in assets and liabilities:
accounts receivable														-4,415,000	361,000	-7,985,000	1,554,000		-2,305,000	6,714,000	-7,218,000	2,515,000	-2,048,000	-2,107,000	-7,243,000	3,077,000	298,000	-625,000	8,000	2,033,000	-1,023,000	3,082,000	-3,504,000	3,776,000	-9,533,000	2,656,000	472,000	1,635,000	-3,517,000	-5,215,000	3,106,000	8,000	563,000	-4,894,000	-672,000	2,005,000
merchandise inventories														-46,840,000	-8,797,000	6,853,000	-55,837,000		51,599,000	49,536,000	1,653,000	32,416,000	-14,820,000	-20,963,000	-4,032,000	30,147,000	50,289,000	74,264,000	66,067,000	18,957,000	25,457,000	-11,490,000	-37,228,000	35,169,000	-53,364,000	-106,057,000	-42,253,000	50,624,000	-63,475,000	-63,554,000	-29,631,000	-5,957,000	-41,497,000	-41,046,000	-12,437,000	-19,521,000
prepaid expense and other assets														-20,061,000	-36,981,000	-1,983,000	-8,324,000		45,060,000	14,964,000	-17,846,000	-26,160,000	-9,120,000	-16,993,000	-26,181,000	7,118,000	1,090,000	28,675,000	8,654,000	-6,511,000	-13,975,000	16,695,000	-33,098,000		-9,093,000	16,603,000	-11,189,000		26,765,000	-2,704,000	-19,665,000
landlord assets under construction—net of tenant allowances														-24,587,000	-21,987,000	-15,334,000	-7,600,000
accounts payable and accrued expenses														52,739,000	23,971,000	39,862,000	-52,989,000		-1,401,000	-1,478,000	-38,595,000	23,149,000	19,116,000	14,498,000	-57,215,000	53,969,000	-19,383,000	28,655,000	1,219,000	23,267,000	7,825,000	-50,853,000	-30,546,000	-3,637,000	314,000	40,028,000	7,673,000	-19,348,000	9,237,000	31,235,000	4,346,000	9,060,000	2,445,000	19,835,000	25,978,000	-12,350,000
deferred revenue and customer deposits														4,769,000	43,789,000	40,968,000	26,679,000		1,419,000	-8,654,000	21,641,000	-12,480,000	93,000	-7,359,000	28,159,000	-17,251,000	-9,732,000	8,117,000	22,232,000	1,325,000	7,340,000	4,340,000	10,972,000	17,918,000	2,522,000	9,727,000	3,046,000	3,623,000	-1,264,000	17,258,000	338,000	-2,325,000	-1,514,000	9,669,000	1,452,000	-305,000
other current liabilities														14,703,000	20,376,000	4,081,000	4,696,000		-56,195,000	-12,052,000	15,231,000	39,545,000	1,775,000	-3,943,000	13,838,000	232,000	-1,821,000	3,355,000	-1,086,000	1,552,000	-2,062,000	1,833,000	-25,143,000	29,263,000	-5,645,000	14,518,000	1,444,000	7,677,000	1,734,000	10,280,000	-22,822,000	12,028,000	12,364,000	5,620,000	339,000	1,532,000
current and non-current operating lease liabilities														-22,110,000	-18,422,000	-11,323,000	-7,065,000
other non-current obligations														-302,000	-6,912,000	-5,868,000	-6,459,000		-5,293,000	-7,313,000	-6,448,000	-1,545,000	-796,000	-1,263,000	-569,000	590,000	-912,000	-549,000	-426,000	232,000	-474,000	8,931,000	20,000	142,000	14,000	42,000	17,000	-98,000
cash flows from investing activities
capital expenditures					0			0						-39,371,000	-24,224,000	-30,899,000	-16,632,000		-39,331,000	-17,367,000	-7,916,000	-32,333,000	-43,191,000	-34,091,000	-27,121,000	-35,666,000	-37,427,000	-25,906,000	-13,456,000	-53,492,000	-33,153,000	-25,723,000	-45,276,000	-42,660,000	-30,540,000	-17,034,000	-29,227,000	-40,669,000	-30,890,000	-22,285,000	-16,515,000	-36,246,000	-27,006,000	-20,879,000	-9,737,000	-23,427,000
free cash flows					67,817,000			143,505,000						114,136,000	194,764,000	114,244,000	-33,500,000		74,533,000	40,942,000	30,908,000	140,631,000	14,172,000	28,382,000	-19,365,000	132,674,000	32,937,000	165,437,000	111,599,000	54,477,000	29,288,000	-10,996,000	-151,568,000	116,856,000	-61,790,000	10,965,000	-43,606,000	64,580,000	-23,923,000	5,209,000	-73,734,000	20,820,000	-27,980,000	30,173,000	-29,360,000	-7,273,000
equity method investments
acquisition of business and assets
deposits on asset under construction
proceeds from sale of assets														0	0
cash flows from financing activities
borrowings under asset based credit facility														1,000	76,200,000	212,100,000	71,100,000
repayments under asset based credit facility														-1,000	-167,800,000	-130,500,000	-61,100,000		-165,500,000	-63,000,000	-151,500,000	-260,500,000	-38,500,000	-395,000,000	-314,970,000	-295,030,000	-65,000,000
borrowings under term loans																			0	0	320,000,000					0	0
repayments under term loans																						0	0			0
borrowings under promissory and equipment security notes
repayments under promissory and equipment security notes														-23,584,000	-5,464,000	-242,000	-5,166,000		-5,287,000	-4,010,000	-983,000	0	0	-30,483,000	-1,491,000	-1,478,000
debt issuance costs																			0	-137,000	-4,499,000					0	-359,000
proceeds from issuance of convertible senior notes																						0	0											0	0			0	0
proceeds from issuance of warrants																						0	0											0	0			0	0
purchase of convertible note hedges																						0	0											0	0				0
debt issuance costs related to convertible senior notes																						0	0											0	0
repayments of convertible senior notes														0	0				0
principal payments under finance leases														-3,697,000	-4,160,000	-2,573,000	-2,068,000		-2,737,000	-2,270,000	-2,129,000
repurchases of common stock—including commissions																			0	0	-250,032,000	-104,818,000				0	0
proceeds from exercise of stock options														2,256,000	3,996,000	7,328,000	797,000		11,286,000	5,997,000	1,226,000	8,197,000	6,618,000	26,286,000	2,923,000	9,527,000	4,199,000	8,603,000	2,567,000	1,670,000	1,303,000	-8,000	296,000	5,141,000	8,794,000	9,450,000	2,221,000
tax withholdings related to issuance of stock-based awards														-920,000	-610,000	-6,437,000	-381,000		-304,000	-5,984,000	-250,000	-555,000	-1,084,000	-7,512,000	-351,000	-878,000	-1,775,000	-2,957,000	-149,000	-238,000	-419,000	-805,000	-141,000	-732,000	-1,341,000	-2,578,000	-376,000			-989,000	-317,000	0	0
effects of foreign currency exchange rate translation														167,000	-27,000	149,000	-132,000		72,000	-81,000	6,000	6,000	-12,000	-62,000	-62,000	130,000	-33,000	141,000	-86,000	107,000	-110,000	-436,000	888,000	-284,000	-2,000	-95,000	73,000	-165,000	-25,000	-12,000	4,000	-109,000	4,000	-40,000	22,000	-6,000
cash and cash equivalents and restricted cash equivalents
beginning of period—cash and cash equivalents														0	0	0	47,658,000		0	0	5,803,000	0	0	0	17,907,000
beginning of period—restricted cash equivalents																						0	0	0	7,407,000
end of period—cash and cash equivalents														10,562,000	72,497,000	179,000	17,208,000		26,698,000	-25,995,000	37,550,000	-1,952,000	-14,444,000	1,403,000	20,796,000
end of period—restricted cash equivalents														-275,000									-1,752,000	862,000	1,883,000
end of period—cash and cash equivalents and restricted cash equivalents														10,287,000					26,698,000			-2,945,000	-16,196,000	2,265,000	22,679,000
cash paid for interest
cash paid for taxes
non-cash transactions:
property and equipment additions in accounts payable and accrued expenses at period-end														5,100,000	3,299,000	17,043,000	2,935,000		984,000	2,346,000	8,529,000	-7,733,000	2,815,000	6,336,000	18,560,000	1,101,000	221,000	9,362,000	14,498,000	-14,239,000	537,000	12,182,000	10,721,000	-16,332,000	9,128,000	10,932,000	8,380,000
landlord asset additions in accounts payable and accrued expenses at period-end														-353,000	2,781,000	-5,974,000	23,489,000		-580,000	1,574,000	19,481,000
landlord asset additions from unpaid construction related deposits																	195,000		0	-1,861,000	2,056,000
reclassification of assets from landlord assets under construction to finance lease right-of-use assets														0	18,000
promissory notes forgiven in exchange for assets
conversion of loan receivables into equity method investments
shares issued on settlement of convertible senior notes														0	0
shares received on exercise of call option under bond hedge upon settlement of convertible senior notes														0	0
tradename impairment															0	0	20,459,000
loss on sale leaseback transaction															0
acquisition of business
investments in joint ventures															-4,450,000
deposit on asset under construction
payments under promissory notes related to share repurchases																			0
net increase in cash and cash equivalents																														50,027,000	17,749,000			122,918,000	-77,969,000			-8,193,000	-24,366,000	170,551,000	-2,447,000	5,192,000	-6,815,000	5,343,000	1,315,000	-7,215,000
cash and cash equivalents
other non-cash interest expense																	1,145,000		1,055,000	1,162,000	1,089,000	165,000	1,343,000	1,964,000	938,000	411,000	2,600,000	1,430,000	884,000	150,000	749,000	1,096,000	1,126,000	403,000	819,000	715,000	536,000
net increase in cash and cash equivalents and restricted cash																	-30,450,000
cash, cash equivalents and restricted cash
end of period—restricted cash																					65,000,000
end of period—cash, cash equivalents and restricted cash																	17,208,000
issuance of non-current notes payable related to share repurchases from former employees																	72,000					0	0	0	243,000									0	0			0
provided by operating activities
from investing activities
used in financing activities
increase in cash and cash equivalents and restricted cash equivalents
asset held for sale gain
net non-cash charges resulting from inventory step-up																												480,000	1,380,000	1,648,000
current and non-current operating lease liability																			-17,374,000	-17,382,000	-27,131,000
beginning of period—cash and cash equivalents and restricted cash equivalents																			0	0	5,803,000	0	0	0	25,314,000
loss on extinguishment of debt																						0	0
landlord assets under construction																				-23,013,000	-4,542,000
borrowing under asset based credit facility																				208,000,000	94,000,000	210,500,000	146,000,000	176,000,000	334,000,000	154,000,000	123,000,000
borrowing under equipment security notes																				9,000,000	60,000,000
non-cash amortization of operating lease right-of-use asset																					16,279,000
finance leases interest expense																					5,514,000
end of period—cash and cash equivalents, restricted cash and restricted cash equivalents																					102,550,000
assets impairments and lease losses
amortization of purchase premiums and accretion of purchases discount—net
excess tax shortfall from exercise of stock options
change in assets and liabilities—net of acquisition:
deferred rent and lease incentives																						-758,000	-272,000	-125,000	44,000	213,000	-320,000	440,000	726,000	1,709,000	696,000	1,363,000	894,000	11,389,000	660,000	282,000	1,266,000	1,371,000	1,139,000	471,000	593,000	3,720,000	2,712,000	649,000	115,000	752,000
purchase of trademarks and domain names																										0	0			-158,000	0	0	-164,000	-121,000	-50,000			-30,000
proceeds from sale of assets held for sale—net																										0	0
purchase of investments																										0	0	0	-16,109,000	-61,518,000	-50,168,000	-92,195,000	-44,604,000	-61,324,000	-51,448,000	-85,136,000	-19,471,000
maturities of investments																										0	0	0	46,890,000	71,400,000	38,625,000	22,945,000	54,368,000	70,743,000	38,087,000	20,000,000	15,000,000
sales of investments																										0	0	0	145,020,000	5,200,000	0	0	31,896,000
acquisition of business—net of cash acquired																														0	0
borrowing under promissory and equipment security notes																										0
borrowing on build-to-suit lease transactions
payments on build-to-suit lease transactions																						281,000	-1,543,000	-2,983,000	-3,207,000	-1,466,000	-4,133,000	-3,312,000	-1,289,000
other financing activities
net decrease in cash and cash equivalents and restricted cash equivalents																						-2,945,000	-16,196,000	2,265,000	-2,635,000
property and equipment additions due to build-to-suit lease transactions																						-1,668,000	6,834,000	591,000	1,887,000	-77,000	8,123,000	9,057,000	18,283,000	9,798,000	36,517,000	1,901,000	7,775,000	14,990,000	19,736,000	14,193,000	47,404,000
property and equipment additions from unpaid construction related deposits																						1,998,000	292,000	-2,133,000	2,650,000
property and equipment acquired under capital lease																						0	343,000			94,000	0											-6,798,000	6,798,000	-55,000	93,000
property and equipment reduction due to build-to-suit lease transaction termination																						0
lease impairment adjustment																							5,595,000	0	-1,157,000
non-cash charges resulting from inventory step-up																							0	190,000	190,000
borrowing under term loans
borrowing on build-to-suit financing obligations
payments on capital leases																							-204,000	-178,000	-112,000		-100,000	-82,000	-76,000		-96,000	-81,000	-85,000	-46,000	-65,000	-54,000	-83,000	-148,000	-177,000	-493,000	-985,000		-658,000	80,000	-840,000
goodwill impairment
excess tax (benefit) shortfall from exercise of stock options																														1,013,000	506,000	1,693,000	76,000
non-cash loss on extinguishment of debt																										0
acquisition of buildings and land																																		0
construction related deposits																										-1,615,000	-7,487,000			-19,551,000	-168,000	-110,000	-3,551,000	-11,194,000
excess tax benefit (shortfall) from exercise of stock options																														-1,013,000	-506,000	-1,693,000	-76,000
beginning of period																										0	0	0	87,023,000	-18,430,000	0	0	349,897,000	0	0	0	148,934,000	0	0	0	13,389,000	0	0	0	8,354,000	1,000
end of period																										-4,255,000	525,000	-58,513,000	80,150,000	31,597,000	17,749,000	-199,479,000	237,156,000	122,918,000	-77,969,000	201,181,000	103,767,000	-8,193,000	-24,366,000	170,551,000	10,942,000	5,192,000	-6,815,000	5,343,000	9,669,000	-7,214,000
property and equipment reduction due to effected sale leaseback
property and equipment additions from use of construction related deposits																										7,947,000	7,739,000	10,514,000	8,824,000	6,755,000	1,306,000	919,000	1,740,000	5,915,000	673,000	4,385,000	2,942,000
trademarks and domain names additions in accounts payable and accrued expenses at period-end
net decrease in cash and cash equivalents																											525,000	-58,513,000	-6,873,000				-112,741,000				-45,167,000
net loss																												-7,862,000	-3,370,000																-161,000
adjustments to reconcile net loss to net cash from operating activities:
borrowing under promissory note
repayments under promissory note
proceeds from sale of asset held for sale—net																													4,900,000
repurchases of common stock																													-300,140,000
impairments
gross borrowings under revolving line of credit																																						0	0	280,351,000	469,594,000	480,698,000	439,802,000	397,118,000	353,258,000
gross repayments under revolving line of credit																																						0	0	-429,497,000	-405,873,000	-503,518,000	-419,132,000	-423,537,000	-321,765,000
revolving line of credit deferred financing fees
borrowings under build-to-suit lease transactions
building acquired under capital lease
acquisition of building and land
impairment of long-lived assets
excess tax benefit from exercise of stock options																																		-3,879,000	-2,825,000	-2,664,000	-1,075,000	-8,484,000	-325,000	-2,248,000	-5,364,000	-2,245,000	-408,000
prepaid expense
release of valuation allowance
amortization of deferred financing fees and debt issuance costs																																						548,000	363,000
other assets																																										-1,209,000	-1,292,000	-228,000	-400,000	361,000
repayment of term loan
purchase of convertible notes hedges
proceeds from issuance of common stock—net of issuance costs
property and equipment acquired under build-to-suit lease transactions																																						35,648,000	36,645,000
convertible debt issuance costs																																							0
proceeds from the exercise of stock options																																							414,000
excess tax benefit from the exercise of stock options																																							325,000
tax withholdings related to the issuance of stock-based awards
property and equipment additions in accounts payable and accrued expenses at period end
other long-term obligations																																								22,000	46,000	1,007,000	-1,308,000	70,000	41,000	202,000
purchase of trademarks
property and equipment additions in accounts payable																																								1,710,000	11,944,000					1,323,000
non-cash interest expense																																									168,000	-226,000
stock options exercised																																									3,500,000	6,193,000	741,000
property and equipment acquired under build-to-suit transactions																																									12,587,000
loss on disposal of property and equipment
capital contribution—executive compensation
capital contribution—management fee paid by home holdings on behalf of the company
purchase of trademarks and other intangible assets
proceeds from issuance of term loan
payments on capital leases and other long-term obligations
capitalization of restoration hardware holdings, inc.
property and equipment acquired under build-to-suit
capitalized initial public offering costs
capital expenditures included in accounts payable and accrued expenses at period end																																											1,242,000
amortization of financing fees																																												167,000	168,000	391,000
amounts capitalized under build-to-suit transactions
capital expenditures included in accounts payable at period end																																													8,107,000
impairment of property and equipment
non-cash compensation—executive loan
purchase of domain name
gross borrowings under line of credit
gross repayments under line of credit

RH(NYSE:RH)

RH
(NYSE:RH)