Arhaus Inc (ARHS) PT Lowered to $16 at Jefferies

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Arhaus Announces Fourth Quarter and Full Year 2021 Financial Results

March 30, 2022 6:35 AM EDT

BOSTON HEIGHTS, Ohio, March 30, 2022 (GLOBE NEWSWIRE) -- Arhaus, Inc. (NASDAQ: ARHS; Arhaus or the Company), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported financial results for the fourth quarter and full year ended December 31, 2021.

Fourth Quarter 2021 Highlights

Net revenue increased 46.3% to $238 millionComparable Growth(1) of 40.5%Net and Comprehensive Income of $7 millionAdjusted Net Income of $17 millionAdjusted EBITDA increased 14.0% to $33 million

Full Year 2021 Highlights

Net revenue increased 57.1% to $797 millionComparable Growth(1) of 51.0%Net and Comprehensive Income of $37 millionAdjusted Net Income of $83... More