Arhaus gains on upbeat 2024 forecast

Arhaus

07/03/2024 17:33

** Shares of home furnishing retailer Arhaus  ARHS.O  up
15.4% at $14.80  
    ** Stock earlier hit an all-time high during the session 
    ** Co forecasts 2024 revenue in the range of $1.33 bln to
$1.37 bln vs est of $1.33 bln - LSEG data 
    ** Co also forecasts 2024 adj. core profit between $185 mln
and $200 mln vs est of $183.3 mln - LSEG 
    ** ARHS expects to add about nine to eleven new showrooms in
2024 
    ** Q4 net rev of $344 mln beats estimates of $334.5 mln -
LSEG
    ** Including the session's gains, stock is up 24.9% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))