Arhaus announces fourth quarter and full year 2023 financial results

Full year 2023 record net revenue of $1.3 billion announces special cash dividend and full year 2024 guidance boston heights, ohio, march 07, 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 unaudited financial results for the fourth quarter and full year ended december 31, 2023. fourth quarter 2023 highlights net revenue of $344 million comparable growth(1) of (6.8)% net and comprehensive income of $31 million adjusted net income of $31 million adjusted ebitda of $51 million full year 2023 highlights net revenue of $1.3 billion comparable growth(1) of 1.4% net and comprehensive income of $125 million adjusted net income of $126 million adjusted ebitda of $203 million full year 2024 outlook highlights net revenue of $1.33 billion to $1.37 billion comparable growth(1) of (4.0)% to (2.0)% net and comprehensive income of $95 million to $105 million adjusted ebitda of $185 million to $200 million ceo comments john reed, co-founder and chief executive officer, commented, “our vision as the premium home furnishing destination in the u.s. is to stand for impeccable design, incomparable craftsmanship, inspirational presentation and responsibly sourced home furnishings that are artisan-made to last for generations.
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