Arhaus announces second quarter 2024 financial results

Net revenue of $310 million , net income of $22 million and adjusted ebitda of $40 million opened five new showrooms in the second quarter lowering full year 2024 outlook boston heights, ohio, aug. 08, 2024 (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, 2024. second quarter 2024 highlights net revenue of $310 million comparable growth(1) of (7.1)% net and comprehensive income of $22 million adjusted ebitda of $40 million year-to-date 2024 highlights, through june 30 net revenue of $605 million comparable growth of (8.3)% net and comprehensive income of $37 million adjusted ebitda of $69 million 2024 outlook updated net revenue of $1.25 billion to $1.29 billion comparable growth of (11.0)% to (8.0)% net and comprehensive income of $55 million to $75 million adjusted ebitda(8) of $125 million to $145 million ceo comments john reed, co-founder and chief executive officer, commented, “our team delivered another quarter of solid operational execution, with several new showroom openings, successful new product development and important strategic investments to support our long term growth.
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