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Stock impact report

Arhaus Reports Third Quarter 2024 Results

Arhaus, Inc. (ARHS) 
Company Research Source: GlobeNewswire
BOSTON HEIGHTS, Ohio, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, today reported third quarter 2024 results for the period ended September 30, 2024. Highlights include: Third Quarter 2024 Net revenue of $319 millionComparable growth(1) of (9.2)%Net and comprehensive income of $10 millionAdjusted EBITDA of $23 million Year-to-Date 2024, through September 30 Net revenue of $924 millionComparable growth of (8.6)%Net and comprehensive income of $47 millionAdjusted EBITDA of $92 million 2024 Outlook (Updated) Net revenue of $1.23 billion to $1.25 billionComparable growth of (12.0)% to (11.0)%Net and comprehensive income of $55 million to $60 millionAdjusted EBITDA(5) of $115 million to $125 million John Reed, Co-Founder and Chief Executive Officer, said, “Our third-quarter results demonstrate our team’s commitment to operational ex Show less Read more
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