NASDAQ$ARHS

Arhaus Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Arhaus reported strong revenue and earnings growth, driven by effective strategy implementation and improved supply chain management.

Arhaus reported a significant increase in net revenue and earnings for Q3 2022. Net revenue increased by 57.4% to $320 million, with comparable growth of 54.3%. The company reaffirmed its full-year net revenue and comparable growth outlook while raising its net income and adjusted EBITDA outlook.

  • Net revenue increased by 57.4% to $320 million.
  • Comparable growth was 54.3%.
  • Net and comprehensive income reached $37 million.
  • Adjusted EBITDA increased by 86.6% to $57 million.

Headline financials

Total Revenue

$320M

Previous: $203M+57.4%
EPS (adj)

$0.27

Previous: $0.13+107.7%
Comparable Delivered Sales

54.3%

No prior period
Adj EBITDA Margin

17.7%

Previous: 14.9%+18.8%
Capital Expenditures

-$37M

Previous: -$29.5M-25.1%
Free Cash Flow

-$14K

Previous: -$15.1M+99.9%
Net Income

$36.9M

Previous: $14.4M+156.8%
Operating Income

$47.1M

Previous: $16.2M+190.6%
Gross Profit

$136M

Previous: $84.8M+60.7%
Cash & Equivalents

$146M

Previous: $149M-2.4%
Total Assets

$907M

Previous: $495M+83.2%
Stock-Based Comp

$1.22M

Previous: $708K+72.9%

Revenue & EPS history

Arhaus · Revenue · Quarterly

$320M

Q3 2022+57.4%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Arhaus reaffirmed its full year net revenue and comparable growth outlook for 2022 and raised its full year net income and adjusted EBITDA outlook.

Tailwinds

  • Net revenue of $1,173 million to $1,193 million
  • Comparable Growth of 43% to 48%
  • Net income of $109 million to $115 million
  • Adjusted EBITDA of $185 million to $192 million
  • Company-funded capital expenditures of $40 to $50 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 Q3 2022

Historical avgQ3 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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