NASDAQ$ARHS
Arhaus Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Arhaus reported third quarter results, demonstrating commitment to operational excellence amidst a challenging environment.
Arhaus reported a decrease in net revenue to $319 million compared to $326 million in Q3 2023. Net income decreased to $10 million, and adjusted EBITDA was $23 million. The company is adjusting its full-year sales and earnings outlook to reflect a tempered consumer environment.
- Net revenue for the third quarter was $319 million.
- Comparable growth was (9.2)%.
- Net and comprehensive income was $10 million.
- Adjusted EBITDA was $23 million.
Headline financials
Revenue & EPS history
Arhaus · Revenue · Quarterly
$319M
Forward guidance
Arhaus provided its updated expectations for the full year 2024 and Q4 2024.
Tailwinds
- Net revenue is expected to be $1.23 billion to $1.25 billion for the full year and $306 million to $326 million for Q4.
- Net income is projected to be $55 million to $60 million for the full year and $8 million to $13 million for Q4.
- Adjusted EBITDA is anticipated to be $115 million to $125 million for the full year and $23 million to $33 million for Q4.
- Company-funded capital expenditures are estimated at ~$80 million for the full year.
- Depreciation & amortization is projected at ~$40 million for the full year.
Headwinds
- Comparable growth is expected to be (12)% to (11)% for the full year and (22)% to (16)% for Q4.
- Reflects a continued tempered consumer environment.
- Legal costs impacted selling, general, and administrative expenses.
- Net revenue decreased due to the non-recurrence of prior year abnormal backlog deliveries and lower total demand.
- Gross margin decreased due to lower net revenue and higher showroom costs.
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 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 | — | — | — |
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