NASDAQ$ARHS
Arhaus Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported strong third-quarter results, driven by exceptional demand and strategic showroom expansions.
Arhaus reported a 1.9% increase in net revenue to $326 million for Q3 2023, with net income at $20 million. The company is raising the midpoint of its full-year outlook for net revenue, net income, and adjusted EBITDA, driven by strong demand across all regions, products, and channels.
- Net revenue increased by 1.9% to $326 million.
- Net and Comprehensive Income reached $20 million.
- Demand comparable growth was up 11.7%.
- The company ended the quarter with 86 showrooms across 29 states.
Headline financials
Revenue & EPS history
Arhaus · Revenue · Quarterly
$326M
Forward guidance
Arhaus anticipates net revenue between $1.265 billion and $1.285 billion, and net income between $112.5 million and $117.5 million for the full year 2023.
Tailwinds
- Net revenue of $1,265 million to $1,285 million
- Comparable Growth of (1)% to 1%
- Net income of $112.5 million to $117.5 million
- Adjusted EBITDA of $192.5 million to $197.5 million
- Company-funded capital expenditures of $60 to $70
Headwinds
- Implied 4Q 2023 Comparable growth(1) (15)% to (9)%
- Implied 4Q 2023 Net income(4) $18.5 to $23.5
- Implied 4Q 2023 Adjusted EBITDA(5) $40.3 to $45.3
- Gross margin decrease primarily driven by the sale of price-actioned products that were receipted with higher container costs
- Adjusted EBITDA as a percent of net revenue declined 740 basis points to 10.3%
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 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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