Home furnishings retailer Arhaus Q3 revenue slightly misses estimates
Overview
U.S. home furnishings retailer's Q3 revenue rose 6.8%, slightly missing analyst expectations
Adjusted EBITDA for Q3 declined 12.3% and missed analyst estimates
Company raised full-year revenue outlook but maintained net income and adjusted EBITDA guidance
Outlook
Arhaus raises full-year 2026 net revenue outlook to $1.465 bln-$1.485 bln
Company maintains full-year 2026 net income forecast at $71 mln-$80 mln
Arhaus expects Q4 2026 net revenue of $398 mln-$418 mln
Result Drivers
CLIENT DEMAND - Co said strong client demand contributed to Q3 performance
NEW COLLECTIONS - Co said investments in new collections and expanded customization resonated with clients, per CEO John Reed
SHOWROOM ACTIVITY - Co completed two showroom projects in Q3, including a relocation in Charlotte and renovation in Atlanta, expanding client experience
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $368 mln | $370.60 mln (13 Analysts) |
Q3 Adjusted EBITDA | Miss | $27 mln | $32.27 mln (9 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy"
Wall Street's median 12-month price target for Arhaus, Inc. is $11.00, about 16.3% below its November 4 closing price of $13.15
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 14 three months ago
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Nov 4 - Haverty Furniture Q3 revenue rises 4.5%
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)