Arhaus Q3 revenue up 1.9% to $326M; raises FY2023 guidance midpoint

Arhaus, Inc.

2023-Q3 EPS reported $0.67 revenue$943,696,000

Net revenue $326M (+1.9% YoY); comparable growth (2.1)%; demand comparable growth +11.7%.
Net income $20M vs $37M YoY; adjusted EBITDA $34M vs $57M, down 40.6%.
Gross margin decreased to $131M from $136M; $10M donation to The Nature Conservancy impacted SG&A.
Full-year 2023 outlook raised: revenue $1,265M-$1,285M; adjusted EBITDA $192.5M-$197.5M.
Ended Q3 with 86 Showrooms, $237M cash, no long-term debt; client deposits up 4.8% to $212M.

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 0.95

Arhaus, Inc. reported the third quarter ended September 30, 2023 results: revenue $326 million, net income $20 million. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $326 million
Net income: $20 million
Guidance: raised
Result: reported results

Exact text from the filing

retailer of premium artisan-crafted home furnishings, reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights • Net revenue of $326 million • Comparable Growth (1) of (2.1)% • Net and Comprehensive Income of $20 million • Adjusted Net Income of $20 million • Adjusted EBITDA of $34 million Year-to-Date 2023

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Arhaus, Inc. filing history →

Source: SEC EDGAR

accession 0001875444-23-000134

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.