Arhaus Q1 net revenue $295M, net income $15M; reaffirms FY 2024 outlook

Arhaus, Inc.

2024-Q1 EPS reported $0.11 revenue$295,162,000

Net revenue $295M (down 3% YoY); comparable growth -9.5% but demand comparable growth +1.3%.
Net income $15M vs $34M in Q1 2023; adjusted EBITDA $29M vs $55M.
Reaffirmed FY 2024 guidance: revenue $1.33-1.37B, net income $95-105M, adjusted EBITDA $185-200M.
Cash and equivalents $233M; no long-term debt; client deposits up 16.8% to $203M.
Q2 2024 guidance: revenue $310-320M, net income $14-18M, adjusted EBITDA $33-38M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Arhaus, Inc. reported first quarter ended March 31, 2024 results: revenue $295 million, net income $15 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $295 million
Net income: $15 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ended March 31, 2024. A copy of the release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- ARHAUS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Net Revenue of $295 million, Net Income of $15 million, and Adjusted EBITDA of $29 million Reaffirming Full Year 2024 Outlook BOSTON HEIGHTS, Ohio—May 9, 2024—Arhaus, Inc. (NASDAQ: ARHS; “Arhaus” or the

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Source: SEC EDGAR

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