Loading...
•
Jun 30, 2023
Arhaus Q2 2023 Earnings Report
Arhaus reported an increase in net revenue and strong net income and adjusted EBITDA.
Key Takeaways
Arhaus reported a 2.2% increase in net revenue to $313 million for the second quarter of 2023. Net and comprehensive income reached $40 million, with adjusted EBITDA increasing by 5.5% to $64 million. The company is narrowing its full year 2023 net revenue outlook and increasing its net income and adjusted EBITDA outlook.
Net revenue increased 2.2% to $313 million.
Net and Comprehensive Income of $40 million.
Adjusted EBITDA increased 5.5% to $64 million.
Comparable growth was (0.8)%.
Forward Guidance
Arhaus updated its full year 2023 outlook, narrowing the net revenue outlook and increasing the net income and adjusted EBITDA outlook.
Positive Outlook
- Net revenue of $1,250 million to $1,290 million.
- Comparable Growth of (2)% to 1%.
- Net income of $102.5 million to $112.5 million.
- Adjusted EBITDA of $187.5 million to $197.5 million.
- Company plans to open six more showrooms this year.
Challenges Ahead
- One Showroom opening planned for 2023 delayed into 2024.
- Comparable Growth of (2)% to 1%.
- Net revenue of $1,250 million to $1,290 million.
- Company-funded capital expenditures of $70 million to $80 million.
- Effective tax rate Unchanged ~ 26%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...