Arhaus announces third quarter 2023 financial results

Robust demand comparable growth continues in the third quarter raises midpoint of full year 2023 outlook boston heights, ohio, nov. 02, 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 third quarter ended september 30, 2023. third quarter 2023 highlights net revenue of $326 million comparable growth(1) of (2.1)% net and comprehensive income of $20 million adjusted net income of $20 million adjusted ebitda of $34 million year-to-date 2023 highlights, through september 30 net revenue of $944 million comparable growth(1) of 4.8% net and comprehensive income of $94 million adjusted net income of $95 million adjusted ebitda of $152 million 2023 outlook updated net revenue of $1,265 million to $1,285 million comparable growth(1) of (1)% to 1% net and comprehensive income of $112.5 million to $117.5 million adjusted ebitda of $192.5 million to $197.5 million ceo comments john reed, co-founder and chief executive officer, commented, “we are very pleased with our third quarter financial performance and are raising the midpoint of our full year outlook for net revenue, net income and adjusted ebitda.
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