Arhaus drops on weak revenue forecast

Arhaus

09/03/2023 12:39

** Shares of home furnishing retailer Arhaus Inc down 14.1%
at $10.99 before the bell
    ** Expects FY 2023 net rev of $1.24 bln-$1.30 bln vs est. of
$1.38 bln - Refinitv IBES data
    ** Expects 2023 net income of $95 mln-$110 mln vs est. of
$120.7 mln
    ** Expects 2023 adj EBITDA of $180 mln-$195 mln
    ** For Q4 2022, co reports net rev of $356 mln and profit of
$0.34/share
    ** Shares of ARHS fell 26.4% in 2022

 (Reporting by Sri Hari N S)
 ((SriHari.NS@thomsonreuters.com;))