Arhaus jumps after profit forecast raise, Q3 beat

Arhaus

10/11/2022 12:15

** Shares of home furnishings retailer Arhaus Inc  ARHS.O 
surge ~9.7% to $10 before the bell
    ** Co raises FY22 net income forecast to between $109 mln
and $115 mln from $92 mln to $98 mln forecast earlier 
    ** ARHS says it benefited from persistent demand growth and
supply-chain improvement in the quarter 
    ** Posts Q3 revenue $320 mln vs estimates of $293.8 mln,
according to Refinitiv IBES data 
    ** Co's quarterly adjusted profit of 27 cents per share
beats estimates of 14 cents per share  
    ** As of last close, shares down 31.2% YTD 
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))