Arhaus reports third quarter 2024 results

Boston heights, ohio, nov. 07, 2024 (globe newswire) -- arhaus, inc. (“arhaus” or the “company”) (nasdaq: arhs), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, today reported third quarter 2024 results for the period ended september 30, 2024. highlights include: third quarter 2024 net revenue of $319 million comparable growth(1) of (9.2)% net and comprehensive income of $10 million adjusted ebitda of $23 million year-to-date 2024, through september 30 net revenue of $924 million comparable growth of (8.6)% net and comprehensive income of $47 million adjusted ebitda of $92 million 2024 outlook (updated) net revenue of $1.23 billion to $1.25 billion comparable growth of (12.0)% to (11.0)% net and comprehensive income of $55 million to $60 million adjusted ebitda(5) of $115 million to $125 million john reed, co-founder and chief executive officer, said, “our third-quarter results demonstrate our team's commitment to operational excellence in a challenging environment.
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