Arhaus soars on higher Q3 sales, upbeat full-year and Q4 forecast

Arhaus

09/12/2021 13:51

** Shares of home furnishings retailer  ARHS.O  rise ~10%
pre-market to $10.05 after co's Q3 revenue rose 68.7% to $203.3
mln  urn:newsml:reuters.com:*:nGNX8xQZtt
    ** Co says demand increased in both showroom and eCommerce
channels as people look to revamp their homes and living spaces
    ** ARHS also says it was able to deliver orders in backlog
as its supply chain begins to catch up with client demand  
    ** Co sees full-year revenue between $764 mln and $774 mln,
above analysts' est. of $752.6 mln; expects Q4 revenue between
$205 mln and $215 mln, above est. of $196.1 mln, per Refinitiv
IBES data 
    ** Up to Wednesday's close, stock had fallen 30% since
November IPO price of $13

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))