NASDAQ$ARHS
Arhaus Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Arhaus reported an increase in net revenue and strong net income and adjusted EBITDA.
Arhaus reported a 2.2% increase in net revenue to $313 million for the second quarter of 2023. Net and comprehensive income reached $40 million, with adjusted EBITDA increasing by 5.5% to $64 million. The company is narrowing its full year 2023 net revenue outlook and increasing its net income and adjusted EBITDA outlook.
- Net revenue increased 2.2% to $313 million.
- Net and Comprehensive Income of $40 million.
- Adjusted EBITDA increased 5.5% to $64 million.
- Comparable growth was (0.8)%.
Headline financials
Revenue & EPS history
Arhaus · Revenue · Quarterly
$313M
Forward guidance
Arhaus updated its full year 2023 outlook, narrowing the net revenue outlook and increasing the net income and adjusted EBITDA outlook.
Tailwinds
- Net revenue of $1,250 million to $1,290 million.
- Comparable Growth of (2)% to 1%.
- Net income of $102.5 million to $112.5 million.
- Adjusted EBITDA of $187.5 million to $197.5 million.
- Company plans to open six more showrooms this year.
Headwinds
- One Showroom opening planned for 2023 delayed into 2024.
- Comparable Growth of (2)% to 1%.
- Net revenue of $1,250 million to $1,290 million.
- Company-funded capital expenditures of $70 million to $80 million.
- Effective tax rate Unchanged ~ 26%
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 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
| Quarter | Report date | Reaction (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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