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Sep 30, 2022
Arhaus Q3 2022 Earnings Report
Arhaus reported strong revenue and earnings growth, driven by effective strategy implementation and improved supply chain management.
Key Takeaways
Arhaus reported a significant increase in net revenue and earnings for Q3 2022. Net revenue increased by 57.4% to $320 million, with comparable growth of 54.3%. The company reaffirmed its full-year net revenue and comparable growth outlook while raising its net income and adjusted EBITDA outlook.
Net revenue increased by 57.4% to $320 million.
Comparable growth was 54.3%.
Net and comprehensive income reached $37 million.
Adjusted EBITDA increased by 86.6% to $57 million.
Arhaus
Arhaus
Forward Guidance
Arhaus reaffirmed its full year net revenue and comparable growth outlook for 2022 and raised its full year net income and adjusted EBITDA outlook.
Positive Outlook
- Net revenue of $1,173 million to $1,193 million
- Comparable Growth of 43% to 48%
- Net income of $109 million to $115 million
- Adjusted EBITDA of $185 million to $192 million
- Company-funded capital expenditures of $40 to $50 million