v3.26.1
SEGMENT REPORTING (Tables)
12 Months Ended
Jan. 31, 2026
SEGMENT REPORTING  
Schedule of net revenues in accordance with ASC 606, significant segment expenses and segment adjusted operating income - reportable segment

YEAR ENDED

JANUARY 31,

FEBRUARY 1,

FEBRUARY 3, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024 

RH SEGMENT

WATERWORKS

TOTAL(1)

RH SEGMENT

WATERWORKS

TOTAL(1)

RH SEGMENT

WATERWORKS

TOTAL(1)

(in thousands)

Net revenues

$

3,241,389

$

198,147

$

3,439,536

$

2,987,818

$

192,935

$

3,180,753

$

2,835,617

$

193,509

$

3,029,126

Cost of goods sold

1,830,472

93,307

1,923,779

1,674,644

91,177

1,765,821

1,549,510

90,597

1,640,107

Advertising expense

102,652

3,012

105,664

119,238

3,243

122,481

103,690

3,210

106,900

Other segment expenses(2)

938,714

79,892

1,018,606

857,742

76,471

934,213

812,959

75,373

888,332

Segment adjusted operating income(1)

$

369,551

$

21,936

$

391,487

$

336,194

$

22,044

$

358,238

$

369,458

$

24,329

$

393,787

Asset impairments

 

3,597

 

36,071

 

3,531

Product recall

 

1,913

 

 

(1,576)

Reorganization related costs

1,233

4,423

7,621

Non-cash compensation

851

4,532

9,640

Contract termination settlement—net

(3,375)

Legal settlements—net

(9,375)

8,500

Operating income

 

387,268

 

322,587

 

366,071

Interest expense—net

 

225,378

 

230,601

 

198,296

Other (income) expense—net

(5,048)

3,395

1,078

Income before taxes and equity method investments

$

166,938

$

88,591

$

166,697

(1)All intercompany transactions are not material and have been eliminated.
(2)Other segment expenses primarily include compensation and occupancy costs classified as selling, general and administrative expenses, and other general and administrative expenses.
Schedule of depreciation and amortization for our segments

YEAR ENDED

JANUARY 31,

FEBRUARY 1,

FEBRUARY 3, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024 

(in thousands)

RH Segment

$

142,644

$

124,156

$

113,695

Waterworks

5,856

6,035

5,294

Real Estate(1)

Total depreciation and amortization

 

$

148,500

 

$

130,191

 

$

118,989

(1)There is no depreciation and amortization for the Real Estate segment since all assets represent construction in progress.
Schedule of balance sheet information for our segments

TRADENAMES,

TRADEMARKS AND

OTHER INTANGIBLE

EQUITY METHOD

TOTAL

GOODWILL(1)

ASSETS(2)

INVESTMENTS

ASSETS

(in thousands)

February 1, 2025

 

RH Segment

$

140,943

$

59,118

$

$

4,228,829

Waterworks

17,000

3,276

165,442

Real Estate

 

 

 

123,633

 

160,418

Total

$

140,943

$

76,118

$

126,909

$

4,554,689

January 31, 2026

RH Segment

$

144,239

$

62,777

$

$

4,499,349

Waterworks

17,000

4,363

184,203

Real Estate

115,391

152,158

Total

$

144,239

$

79,777

$

119,754

$

4,835,710

(1)The Waterworks reporting unit goodwill of $51 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018.
(2)The Waterworks reporting unit tradename is presented net of an impairment charge of $35 million recognized in prior fiscal years.
Schedule of retail locations and outlets outside the United States

COUNT

Canada

6

United Kingdom

3

Germany

2

Belgium

1

France

1

Spain

1

Total(1)

14

(1)Geographic revenues generated outside of the United States did not exceed 10% of total consolidated net revenues in any fiscal period presented.
Schedule of long-lived assets by geography information

JANUARY 31,

FEBRUARY 1,

2026

  ​ ​

2025 

(in thousands)

North America

$

2,700,339

$

2,514,275

All other countries

 

619,424

 

365,678

Total long-lived assets(1)

$

3,319,763

$

2,879,953