Arhaus Q2 adjusted EBITDA +5.5% to $64M; raises FY net income guidance; COO departs

Arhaus, Inc.

2023-Q2 EPS reported $0.53 revenue$617,467,000

Net revenue $313M (+2.2% YoY); demand comparable growth +11.6%; delivered comparable growth -0.8%.
Net income $40M vs. $37M; adjusted net income $40M vs. $39M.
Updated FY2023 guidance: net income $102.5M-$112.5M (prev. $95M-$110M); revenue $1.25B-$1.29B.
COO Tim Kuckelman left effective Aug 8; company thanked him for contributions.
No long-term debt; cash $177M; committed $10M donation to The Nature Conservancy.

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. updated its full year 2023 guidance (raised).

Period: full year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

The table below presents our updated expectations for selected full year 2023 financial operating results.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Arhaus, Inc. reported second quarter ended June 30, 2023 results: revenue $313 million, net income $40 million.

Period: second quarter ended June 30, 2023
Revenue: $313 million
Net income: $40 million
Result: reported results

Exact text from the filing

premium artisan-crafted home furnishings, reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Net revenue increased 2.2% to $313 million • Comparable Growth (1) of (0.8)% • Net and Comprehensive Income of $40 million • Adjusted Net Income of $40 million • Adjusted EBITDA increased 5.5% to $64 million Year-to-Date

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Arhaus, Inc. filing history →

Source: SEC EDGAR

accession 0001875444-23-000118

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