Arhaus Reports Q4 Revenue $344M, Net Income $31M, Declares $0.50 Special Dividend

Arhaus, Inc.

Q4 2023 net revenue fell 3.5% to $344M compared to $356M in Q4 2022, with comparable growth of -6.8%.
Full year 2023 net revenue was a record $1.3B, up 4.8% year-over-year; net income was $125M.
Board declared a special cash dividend of $0.50 per share, payable April 4 to shareholders of record March 21.
Company had $223M cash, no long-term debt; full-year 2024 net revenue guidance $1.33B-$1.37B.
Adjusted EBITDA was $51M in Q4 (down 30.9%) and $203M for full year (down 8.6%).

item 2.02 item 7.01 item 8.01 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 the fourth quarter and year ended December 31, 2023 guidance (initiated).

Period: the fourth quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 7, 2024, Arhaus, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Arhaus, Inc. filing history →

Source: SEC EDGAR

accession 0001875444-24-000018

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