Arhaus rises on strong forecast, results

Arhaus

30/03/2022 15:28

** Shares of home furnishings retailer  ARHS.O  up 18% at
$8.50 in early trading - set for their best day in more than
three months
    ** ARHS forecast FY22 and Q1 revenue above market estimates
 urn:newsml:reuters.com:*:nGNX9Sdv2s
    ** Co's Q4 revenue also beat expectations with a 46.3% jump
to $238 mln, thanks to increased demand in both showroom and
e-commerce channels as well as the delivery of backlog orders 
    ** ARHS says "2022 is off to a strong start" and supply
chain constraints are beginning to ease
    ** Stock had fallen ~37% YTD

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))