{
 "company": "Rh",
 "ticker": "RH",
 "sector": "Furnishings, Fixtures & Appliances",
 "fiscalYearEnd": null,
 "revenueUsdM": 812.4,
 "normalizedSga": {
  "pctRevenue": 125.86,
  "peerCount": 8,
  "peerMedianPctRevenue": 32.0,
  "peerLeanQuartilePctRevenue": 29.1,
  "peers": [
   {
    "ticker": "BSET",
    "name": "Bassett Furniture Industries, Incorporated",
    "normalizedSgaPctRevenue": 50.73
   },
   {
    "ticker": "LZB",
    "name": "La-Z-Boy Incorporated",
    "normalizedSgaPctRevenue": 29.54
   },
   {
    "ticker": "ETD",
    "name": "Ethan Allen Interiors Inc.",
    "normalizedSgaPctRevenue": 47.53
   },
   {
    "ticker": "HVT",
    "name": "Haverty Furniture Companies, Inc.",
    "normalizedSgaPctRevenue": 52.15
   },
   {
    "ticker": "HOFT",
    "name": "Hooker Furnishings Corporation",
    "normalizedSgaPctRevenue": 32.01
   },
   {
    "ticker": "ARHS",
    "name": "Arhaus, Inc.",
    "normalizedSgaPctRevenue": 29.13
   },
   {
    "ticker": "WSM",
    "name": "Williams-Sonoma, Inc.",
    "normalizedSgaPctRevenue": 20.94
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 13.05,
   "companiesDisclosing": 8,
   "peersDisclosing": [
    {
     "ticker": "BSET",
     "pctRevenue": 3.07
    },
    {
     "ticker": "LZB",
     "pctRevenue": 6.97
    },
    {
     "ticker": "ETD",
     "pctRevenue": 2.88
    },
    {
     "ticker": "HVT",
     "pctRevenue": 5.73
    },
    {
     "ticker": "HOFT",
     "pctRevenue": 0.92
    },
    {
     "ticker": "ARHS",
     "pctRevenue": 3.31
    },
    {
     "ticker": "WSM",
     "pctRevenue": 7.08
    }
   ],
   "note": "A brand-investment choice; advertising sits outside the normalized SG&A line, so it does not explain the Exhibit 2 gap."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 5.4,
   "companiesDisclosing": 7,
   "peersDisclosing": [
    {
     "ticker": "LZB",
     "pctRevenue": 0.74
    },
    {
     "ticker": "ETD",
     "pctRevenue": 0.24
    },
    {
     "ticker": "HVT",
     "pctRevenue": 0.96
    },
    {
     "ticker": "HOFT",
     "pctRevenue": 0.41
    },
    {
     "ticker": "ARHS",
     "pctRevenue": 0.67
    },
    {
     "ticker": "WSM",
     "pctRevenue": 1.36
    }
   ],
   "note": "Above the peer median; equity compensation adds to the overhead load."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.15,
   "companiesDisclosing": 8,
   "peersDisclosing": [
    {
     "ticker": "BSET",
     "pctRevenue": 0.0
    },
    {
     "ticker": "LZB",
     "pctRevenue": 0.0
    },
    {
     "ticker": "ETD",
     "pctRevenue": 0.05
    },
    {
     "ticker": "HVT",
     "pctRevenue": 0.0
    },
    {
     "ticker": "HOFT",
     "pctRevenue": 0.0
    },
    {
     "ticker": "ARHS",
     "pctRevenue": 0.0
    },
    {
     "ticker": "WSM",
     "pctRevenue": 0.0
    }
   ],
   "note": "$1M of filed restructuring charges run in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 699,
   "bps": 8609
  },
  "toLeanQuartile": {
   "usdM": 783,
   "bps": 9642
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": -53,
   "peerTsrPct": 14,
   "driverPp": {
    "Revenue growth": 9,
    "Gross margin": -4,
    "SG&A": 23.5,
    "Multiple": -88.3,
    "Other": -6.3
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": -36,
   "peerTsrPct": 64,
   "driverPp": {
    "Revenue growth": 12.5,
    "Gross margin": -59.6,
    "SG&A": 44.2,
    "Multiple": -65.2,
    "Other": -32.8
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": -59,
   "peerTsrPct": 152,
   "driverPp": {
    "Revenue growth": 11.6,
    "Gross margin": -92.5,
    "SG&A": -24.2,
    "Multiple": -9.6,
    "Other": -96.5
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/RH",
  "json": "https://sgabenchmarking.com/r/RH.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}