Arhaus Q4 revenue up 49.6% to $356M, net income $47M; FY2023 guidance $1.24B-$1.3B

Arhaus, Inc.

Q4 net revenue $356M (+49.6% YoY); comparable growth 47.0%; Adjusted EBITDA $74M (+126.4%).
Full year 2022 net revenue $1,229M (+54.2%); net income $137M (+270%); Adjusted EBITDA $223M (+81.1%).
FY2023 guidance: net revenue $1,240M-$1,300M; comparable growth -4% to 1%; Adjusted EBITDA $180M-$195M.
Ended Q4 with $145M cash, no long-term debt; 81 showrooms in 29 states.
Plans 12 new showroom openings and 5 renovation/relocation/expansion projects in 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arhaus, Inc. reported year ended December 31, 2022 results: revenue $1,229 million, net income $137 million.

Period: year ended December 31, 2022
Revenue: $1,229 million
Net income: $137 million
Result: reported results

Exact text from the filing

Net revenue increased 54.2% to $1,229 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arhaus, Inc. reported fourth quarter ended December 31, 2022 results: revenue $356 million, net income $47 million.

Period: fourth quarter ended December 31, 2022
Revenue: $356 million
Net income: $47 million
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Highlights • Net revenue increased 49.6% to $356 million • Comparable Growth (1) of 47.0% • Net and Comprehensive Income of $47 million • Adjusted Net Income of $48 million • Adjusted EBITDA increased 126.4% to $74 million Full Year 2022 Highlights • Net revenue increased 54.2% to $1,229 million • Comparable Growth (1) of 51.6% • Net and Comprehensive Income of $137 million • Adjusted Net Income of $142 million • Adjusted EBITDA increased 81.1% to $223 million Full Year 2023 Outlook Highlights • Net revenue of $1,240 million to $1,300 million • Comparable Growth (1) of (4)% to 1% • Net and Comprehensive Income of $95 million to $110 million • Adjusted EBITDA of $180 million to $195 million CEO Comments John Reed, Co-Founder and Chief Executive Officer, commented, “I am so proud of the tremendous accomplishments of the Arhaus team in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arhaus, Inc. reported Full Year 2023 results: revenue $1,240 million to $1,300 million, net income $95 million to $110 million. Guidance initiated.

Period: Full Year 2023
Revenue: $1,240 million to $1,300 million
Net income: $95 million to $110 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Net revenue of $1,240 million to $1,300 million

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Source: SEC EDGAR

accession 0001875444-23-000015

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