Stock Track | Arhaus Plunges 6.8% Premarket on Q3 Earnings Miss, Weak Guidance

Stock Track11-07

Shares of Arhaus, Inc. (NASDAQ: ARHS), a leading luxury furniture retailer, plunged as much as 6.8% in premarket trading on Wednesday after the company reported disappointing third-quarter 2024 financial results and provided weaker-than-expected guidance for the upcoming quarter and full year.

Arhaus reported Q3 2024 net revenue of $319.1 million, missing analysts' estimates of $328.9 million by 3%. The company's earnings per share (EPS) of $0.07 also fell short of the consensus estimate of $0.08, marking a 9.1% miss. Additionally, Arhaus' Q3 2024 EBITDA of $23.11 million came in 14% below analysts' expectations of $26.88 million.

The company's profitability metrics also declined compared to the same quarter last year, with gross margin falling to 38.6% from 46.5%, operating margin contracting to 3.3% from 7.3%, and EBITDA margin decreasing to 7.2% from 10.3%. Furthermore, Arhaus reported a 9.2% year-on-year decline in same-store sales, reversing its longer-term positive trend.

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(NASDAQ: ARHS), a leading luxury furniture retailer, plunged as much as 6.8% in premarket trading on Wednesday after the company reported disappointing third-quarter 2024 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARHS","symbol_name":"Arhaus, Inc.","start_time":0,"source_url":"","article_id":"1142443168","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142443168","pubTimestamp":1730984553,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Arhaus, Inc. , a leading luxury furniture retailer, plunged as much as 6.8% in premarket trading on Wednesday after the company reported disappointing third-quarter 2024 financial results and provided weaker-than-expected guidance for the upcoming quarter and full year.Arhaus reported Q3 2024 net revenue of $319.1 million, missing analysts' estimates of $328.9 million by 3%. 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