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Dec 31, 2022
Arhaus Q4 2022 Earnings Report
Arhaus's Q4 2022 performance was marked by substantial revenue growth and increased profitability.
Key Takeaways
Arhaus reported a strong fourth quarter with a 49.6% increase in net revenue to $356 million and a significant rise in net income to $47 million. The company's adjusted EBITDA also saw a substantial increase of 126.4% to $74 million, driven by strong demand and improved supply chain efficiency.
Net revenue increased by 49.6% to $356 million.
Comparable growth was 47.0%.
Net income was $47 million, a 606.1% increase compared to Q4 2021.
Adjusted EBITDA increased by 126.4% to $74 million.
Forward Guidance
Arhaus anticipates net revenue between $1,240 million and $1,300 million, comparable growth between (4)% and 1%, and net income between $95 million and $110 million for the full year 2023. The company also expects adjusted EBITDA between $180 million and $195 million.
Positive Outlook
- Expected net revenue between $1,240 million and $1,300 million.
- Comparable growth between (4)% and 1%.
- Net income between $95 million and $110 million.
- Adjusted EBITDA between $180 million and $195 million.
- Plans to open twelve new showrooms and renovate, relocate and expand five locations.
Challenges Ahead
- Uncertain macroeconomic backdrop.
- Pull-forward of backlog delivery into late 2022 may weigh on net revenue and profitability.
- Investments in business growth may temporarily weigh on net revenue and profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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