NASDAQ$ARHS
Arhaus Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported net revenue of $310 million and net income of $22 million.
Arhaus reported second quarter net revenue of $310 million and net income of $22 million. The company opened five new showrooms and is adjusting expectations for the second half of the year, lowering the full year outlook due to consumer and demand comparable growth trends.
- Net revenue was $310 million.
- Comparable growth was (7.1)%.
- Net and comprehensive income was $22 million.
- Adjusted EBITDA was $40 million.
Headline financials
Revenue & EPS history
Arhaus · Revenue · Quarterly
$310M
Forward guidance
Arhaus is adjusting its expectations for the second half of the year and lowering its full year outlook. Net revenue is expected to be $1.25 billion to $1.29 billion, comparable growth of (11.0)% to (8.0)%, net income of $55 million to $75 million, and adjusted EBITDA of $125 million to $145 million.
Tailwinds
- Company plans to open nine to eleven new Showrooms in 2024.
- The company also plans to renovate, relocate and expand several locations.
- Strong, debt-free balance sheet allows the company to continue to invest in industry-leading growth.
- Company will continue to expand showroom footprint.
- Company will continue to increase brand awareness and invest to drive operational efficiency.
Headwinds
- Consumer and demand comparable growth trends have softened.
- Full year outlook has been lowered.
- Comparable growth is expected to be (11.0)% to (8.0)%.
- Net income is expected to be $55 million to $75 million.
- Adjusted EBITDA is expected to be $125 million to $145 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 Q2 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro