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Stock impact report

Arhaus tops estimates, announces special dividend [Seeking Alpha]

Arhaus, Inc. (ARHS) 
Company Research Source: Seeking Alpha
The retailer reported comparable sales were down 6.8% year-over-year during the quarter. Total revenue was down 3.5% against a tough comparable a year ago with the delivery of orders in the backlog, partially offset by favorable demand. Gross margin fell 10.6% to $141M, driven lower primarily by the decrease in net revenue and higher transportation expense and Showroom costs, partially offset by lower costs related to the reduction in net revenue. Adjusted EBITDA decreased 30.9% to $51M. EPS came in at vs. a year ago. Arhaus ( ARHS ) approved a special dividend of $0.50 per share payable on April 4. CEO update: "We have introduced incredible new product to start 2024, building on the significant success we have seen with new collections that we have introduced over the past few years. We are also continuing our strategic investments that will support our growth and client-first service capabilities while allowing us to more fully capture the benefits of scale over time." Look Show less Read more
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