Stock Track | Arhaus Soars 5% Pre-Market Despite Q3 Revenue Miss and Weak Outlook

Stock Track11-07

Shares of luxury furniture retailer Arhaus, Inc. (NASDAQ:ARHS) surged over 5% in pre-market trading on Tuesday, despite the company reporting disappointing fiscal third-quarter results and issuing a weak outlook for the current quarter and full year.

For Q3 2024, Arhaus posted revenue of $319.1 million, missing analysts' estimates of $328.9 million. Earnings of $0.07 per share also fell short of expectations at $0.08. Looking ahead, the company guided for Q4 revenue of $316 million, below the consensus forecast of $327.5 million. Full-year EBITDA guidance of $120 million was likewise below the $131 million analysts projected.

Beyond the headline numbers, Arhaus saw a worrying 9.2% decline in same-store sales, reversing from solid growth in prior periods. The company operated 100 locations at quarter-end, up from 86 a year ago as it continues an aggressive expansion of its physical footprint. However, margins compressed significantly, with gross margin down nearly 8 percentage points year-over-year.

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(NASDAQ:ARHS) surged over 5% in pre-market trading on Tuesday, despite the company reporting disappointing fiscal third-quarter results and issuing a ...</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":"1192965572","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192965572","pubTimestamp":1730987921,"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 luxury furniture retailer Arhaus, Inc.  surged over 5% in pre-market trading on Tuesday, despite the company reporting disappointing fiscal third-quarter results and issuing a weak outlook for the current quarter and full year.For Q3 2024, Arhaus posted revenue of $319.1 million, missing analysts' estimates of $328.9 million. 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