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Mar 31, 2024
Arhaus Q1 2024 Earnings Report
Arhaus reported a solid start to 2024, exceeding top and bottom line outlook for the quarter.
Key Takeaways
Arhaus reported net revenue of $295 million and net income of $15 million for Q1 2024. The company reaffirmed its full-year 2024 outlook, driven by strategic investments and new product introductions.
Net revenue reached $295 million.
Comparable growth was (9.5)%.
Net income amounted to $15 million.
Adjusted EBITDA totaled $29 million.
Forward Guidance
Arhaus reaffirms its full year 2024 outlook with net revenue expected to be between $1.33 billion and $1.37 billion and net income between $95 million and $105 million.
Positive Outlook
- Net revenue of $1.33 billion to $1.37 billion
- Comparable growth of (4.0)% to (2.0)%
- Net income of $95 million to $105 million
- Adjusted EBITDA of $185 million to $200 million
- Company-funded capital expenditures of $80 million to $100 million
Challenges Ahead
- Net revenue of $310 million to $320 million for Q2 2024
- Comparable growth of (9)% to (7)% for Q2 2024
- Net income of $14 million to $18 million for Q2 2024
- Adjusted EBITDA of $33 million to $38 million for Q2 2024
Historical Earnings Impact
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Avg. Return Before/After Earnings
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