Arhaus, Inc. (ARHS) Tops Q3 EPS by 11c
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Arhaus Announces Third Quarter 2022 Financial Results
November 10, 2022 6:30 AM ESTNet Revenue Up 57.4% with Comparable Growth of 54.3%Reaffirms Revenue Outlook and Raises Earnings Outlook for Full Year 2022
BOSTON HEIGHTS, Ohio, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Arhaus, Inc. (NASDAQ: ARHS; Arhaus or the Company), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported financial results for the third quarter ended September 30, 2022.
Third Quarter 2022 Highlights
Net revenue increased 57.4% to $320 millionComparable Growth(1) of 54.3%Net and Comprehensive Income of $37 millionAdjusted Net Income of $38 millionAdjusted EBITDA increased 86.6% to $57 millionYear-to-Date 2022 Highlights, through September 30
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