NASDAQ$ARHS

Arhaus Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Arhaus's Q2 2022 financial results were announced, revealing significant growth in net revenue and comparable growth, alongside strong profitability.

Arhaus reported a strong second quarter in 2022, with net revenue increasing by 66.4% to $306 million and comparable growth of 65.2%. The company's profitability also improved, with net income reaching $37 million and adjusted EBITDA increasing by 76.4% to $60 million. Due to this strong performance, Arhaus raised its full-year 2022 outlook.

  • Net revenue increased by 66.4% to $306 million.
  • Comparable growth was 65.2%.
  • Net and comprehensive income reached $37 million.
  • Adjusted EBITDA increased by 76.4% to $60 million.

Headline financials

Total Revenue

$306M

Previous: $184M+66.4%
EPS (adj)

$0.28

Previous: $0.03+833.3%
Comparable Delivered Sales

65.2%

Previous: 71.4%-8.7%
Comparable Written Sales

22.5%

No prior period
Adj EBITDA Margin

19.7%

Previous: 18.6%+5.9%
Capital Expenditures

-$20.4M

Previous: $6.69M-404.5%
Free Cash Flow

$16.3M

Previous: $29.7M-45.2%
Net Income

$36.6M

Previous: $2.89M+1170.0%
Operating Income

$50.3M

Previous: $8.7M+477.9%
Gross Profit

$133M

Previous: $77.8M+70.9%
Cash & Equivalents

$145M

Previous: $139M+3.7%
Total Assets

$877M

No prior period
Stock-Based Comp

$692K

Previous: $351K+97.2%

Revenue & EPS history

Arhaus · Revenue · Quarterly

$306M

Q2 2022+66.4%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Arhaus raised its full year 2022 outlook.

Tailwinds

  • Net revenue of $1,173 million to $1,193 million
  • Comparable growth of 43% to 48%
  • Net income of $92 million to $98 million
  • Adjusted EBITDA of $173 million to $180 million
  • Plans to open two to three new Design Studios over the next several months.

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 Q2 2022

Historical avgQ2 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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