Loading...
•
Mar 31, 2023
Arhaus Q1 2023 Earnings Report
Arhaus reported a strong first quarter with revenue and earnings growth, reaffirming its full-year outlook.
Key Takeaways
Arhaus reported a 23.7% increase in net revenue to $305 million and a 75.8% increase in Adjusted EBITDA to $55 million. The company reaffirmed its full-year 2023 outlook, expecting net revenue of $1.24 billion to $1.3 billion and Adjusted EBITDA of $180 million to $195 million.
Net revenue increased by 23.7% to $305 million.
Comparable growth was 21.0%.
Net and Comprehensive Income reached $34 million.
Adjusted EBITDA increased by 75.8% to $55 million.
Arhaus
Arhaus
Forward Guidance
Arhaus reaffirmed its full year 2023 outlook. Net revenue of $1,240 million to $1,300 million, Comparable Growth of (4)% to 1%, Net income of $95 million to $110 million, Adjusted EBITDA of $180 million to $195 million