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Stock impact report

Arhaus Inc (ARHS) Reports Mixed Results for Q4 and Full Year 2023 [Yahoo! Finance]

Arhaus, Inc. (ARHS) 
Company Research Source: Yahoo! Finance
Adjusted EBITDA : Decreased by 8.6% to $203 million for the full year. Comparable Growth : Full-year comparable growth stood at 1.4%, with a forecasted decline for 2024. Dividend : Announced a special cash dividend of $0.50 per share. Expansion : Plans to open 9-11 new Showrooms in 2024. Balance Sheet : Ended the year debt-free with $223 million in cash and cash equivalents. On March 7, 2024, Arhaus Inc ( NASDAQ:ARHS ) released its 8-K filing , detailing the financial outcomes for the fourth quarter and the full year ended December 31, 2023. The company, known for its premium artisan-crafted home furnishings, experienced a record net revenue of $1.3 billion for the year, marking a 4.8% increase from 2022. However, net and comprehensive income saw a decline, decreasing by 8.3% to $125 million. Arhaus Inc ( NASDAQ:ARHS ) is a rapidly growing lifestyle brand and omnichannel retailer, offering a range of products including furniture, outdoor, lighting, textiles, and decor thr Show less Read more
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