Arhaus, Inc. (ARHS) Tops Q2 EPS by 4c; Offers FY23 Revenue Guidance
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Arhaus Announces Second Quarter 2023 Financial Results
August 9, 2023 6:30 AM EDTNet Revenue Up with Strong Net Income and Adjusted EBITDARobust Demand Comparable Growth in the Second Quarter
BOSTON HEIGHTS, Ohio, Aug. 09, 2023 (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 second quarter ended June 30, 2023.
Second Quarter 2023 Highlights
Net revenue increased 2.2% to $313 millionComparable Growth(1) of (0.8)%Net and Comprehensive Income of $40 millionAdjusted Net Income of $40 millionAdjusted EBITDA increased 5.5% to $64 millionYear-to-Date 2023 Highlights, through June 30
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