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Jun 30, 2022
Arhaus Q2 2022 Earnings Report
Arhaus's Q2 2022 financial results were announced, revealing significant growth in net revenue and comparable growth, alongside strong profitability.
Key Takeaways
Arhaus reported a strong second quarter in 2022, with net revenue increasing by 66.4% to $306 million and comparable growth of 65.2%. The company's profitability also improved, with net income reaching $37 million and adjusted EBITDA increasing by 76.4% to $60 million. Due to this strong performance, Arhaus raised its full-year 2022 outlook.
Net revenue increased by 66.4% to $306 million.
Comparable growth was 65.2%.
Net and comprehensive income reached $37 million.
Adjusted EBITDA increased by 76.4% to $60 million.
Arhaus
Arhaus
Forward Guidance
Arhaus raised its full year 2022 outlook.
Positive Outlook
- Net revenue of $1,173 million to $1,193 million
- Comparable growth of 43% to 48%
- Net income of $92 million to $98 million
- Adjusted EBITDA of $173 million to $180 million
- Plans to open two to three new Design Studios over the next several months.