NASDAQ$ARHS

Arhaus Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Arhaus reported a strong first quarter with revenue and earnings growth, reaffirming its full-year outlook.

Arhaus reported a 23.7% increase in net revenue to $305 million and a 75.8% increase in Adjusted EBITDA to $55 million. The company reaffirmed its full-year 2023 outlook, expecting net revenue of $1.24 billion to $1.3 billion and Adjusted EBITDA of $180 million to $195 million.

  • Net revenue increased by 23.7% to $305 million.
  • Comparable growth was 21.0%.
  • Net and Comprehensive Income reached $34 million.
  • Adjusted EBITDA increased by 75.8% to $55 million.

Headline financials

Total Revenue

$305M

Previous: $246M+23.7%
EPS (adj)

$0.25

Previous: $0.12+108.3%
Comparable Delivered Sales

21.0%

Previous: 40.3%-47.9%
Adj EBITDA Margin

18.0%

Previous: 12.7%+41.7%
Capital Expenditures

-$8.51M

Previous: -$10.2M+16.2%
Free Cash Flow

$25.6M

Previous: $5.91M+333.3%
Net Income

$34.1M

Previous: $16.1M+112.3%
Operating Income

$45.5M

Previous: $22.9M+98.8%
Gross Profit

$128M

Previous: $97.7M+31.2%
Cash & Equivalents

$145M

Previous: $149M-2.9%
Total Assets

$966M

Previous: $814M+18.6%
Stock-Based Comp

$4.6M

Previous: $697K+559.8%

Revenue & EPS history

Arhaus · Revenue · Quarterly

$305M

Q1 2023+23.7%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Arhaus reaffirmed its full year 2023 outlook. Net revenue of $1,240 million to $1,300 million, Comparable Growth of (4)% to 1%, Net income of $95 million to $110 million, Adjusted EBITDA of $180 million to $195 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 2023

Historical avgQ1 2023

+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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