NASDAQ$ARHS

Arhaus Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Arhaus reported a strong Q1 2022, marked by significant revenue growth and increased profitability.

Arhaus reported a 43.8% increase in net revenue to $246 million and a comparable growth of 40.3% in Q1 2022. Net income was $16 million. The company also raised its full-year 2022 outlook.

  • Net revenue increased by 43.8% to $246 million.
  • Comparable growth was 40.3%.
  • Net and Comprehensive Income reached $16 million.
  • Adjusted EBITDA increased 22.4% to $31 million.

Headline financials

Total Revenue

$246M

Previous: $171M+43.8%
EPS (adj)

$0.12

Previous: $0.03+300.0%
Comparable Delivered Sales

40.3%

Previous: 37.6%+7.2%
Adjusted EBITDA

$31M

Previous: $25M+24.0%
Adj EBITDA Margin

12.7%

Previous: 14.9%-14.8%
Capital Expenditures

-$10.2M

Previous: $7.01M-244.9%
Free Cash Flow

$5.91M

Previous: $66.1M-91.1%
Net Income

$16.1M

Previous: $9.21M+74.3%
Operating Income

$22.9M

Previous: $11.3M+102.7%
Gross Profit

$97.7M

Previous: $70.3M+38.9%
Cash & Equivalents

$149M

Previous: $124M+19.7%
Total Assets

$814M

No prior period
Stock-Based Comp

$697K

Previous: $76K+817.1%

Revenue & EPS history

Arhaus · Revenue · Quarterly

$246M

Q1 2022+43.8%vs Q1 2021
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Forward guidance

Arhaus provided its updated expectations for the full year 2022 financial outlook.

Tailwinds

  • Net revenue of $1,145 million to $1,185 million.
  • Comparable growth of 36% to 46%.
  • Net income of $73 million to $83 million.
  • Adjusted EBITDA of $151 million to $161 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+7.6%

Avg return

Earnings day

+7.3%

Avg return

5 days after

+5.0%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+30.4%

Q3 2020

Best reaction

-26.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.9%-22.3%-16.6%
Q4 2025+10.6%-4.5%-22.4%
Q3 2025-3.5%-2.4%+8.0%
Q1 2025-5.3%+4.3%+4.8%
Q4 2024-8.1%-24.7%-28.0%
Q3 2024+6.1%+7.5%+15.4%
Q2 2024-8.5%-15.4%-20.4%
Q1 2024+23.4%+28.3%+48.9%
Q4 2023+16.2%+18.1%+22.5%
Q3 2023+5.1%+10.5%+19.8%
Q2 2023+6.0%+3.3%-17.4%
Q1 2023+10.2%+15.3%-2.4%
Q4 2022-26.3%-31.0%-40.9%
Q3 2022-4.4%-1.8%+4.8%
Q2 2022+25.2%+44.7%+41.6%
Q2 2021+25.2%+44.7%+41.6%
Q1 2021-9.2%-10.9%-18.9%
Q1 2022-9.2%-10.9%-18.9%
Q4 2021+18.2%+24.7%-0.4%
Q4 2019+18.2%+24.7%-0.4%
Q3 2021+30.4%+21.8%+31.3%
Q4 2020+30.4%+21.8%+31.3%
Q3 2020+30.4%+21.8%+31.3%
Q2 2020
Q1 2020

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