Arhaus Stock Gains On FY22 Guidance Boost

  • Arhaus Inc ARHS has raised its full-year 2022 revenue guidance from $1.173 billion - $1.193 billion to $1.223 billion - $1.228 billion versus the $1.19 billion consensus.
  • It also raised FY22 comparable growth forecast from 43% - 48% to 51.0% - 51.4%.
  • The company sees fourth-quarter FY22 revenue of $351 million - $356 million versus $312.74 million.
  • The company reported Q3 revenue of $320 million and comparable growth of 54.3%.
  • "We are encouraged by the outstanding performance and continued momentum in our business in the fourth quarter resulting in expected full year 2022 record net revenue exceeding $1 billion and expected comparable growth of approximately 51%," said John Reed, Co-Founder and CEO.
  • Founded in 1986, Arhaus is a lifestyle brand and omni-channel retailer of premium home furnishings. 
  • Price Action: ARHS shares are trading higher by 12.40% at $11.51 in premarket on the last check Monday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceSmall CapMoversTrading IdeasGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!