Arhaus Inc Announces Q2 2024 Earnings Report
Intellectia.AI Updated: 1970-01-01
Arhaus, Inc. Announces Q2 2024 Earnings Report
Arhaus, Inc. (NASDAQ: ARHS) has announced its financial results for the second quarter ending June 30, 2024.
Key Financial Metrics
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | YoY Change | QoQ Change | Consensus Estimates (Q2 2024) |
|---|---|---|---|---|---|---|
| Total Revenue ($M) | $309.8 | $295.2 | $312.9 | -1.0% | +5.0% | $314.31 |
| Earnings Per Share (EPS) | $0.12 | $0.10 | $0.19 | -36.8% | +20.0% | $0.12 |
Revenue and EPS Summary: Arhaus reported a modest decrease in total revenue year-over-year but a 5.0% increase quarter-over-quarter. The reported EPS met the consensus estimate of $0.12, showing a 20.0% increase from the prior quarter but a decline of 36.8% from the previous year.
Segment Revenue Performance
Segment Analysis: The detailed breakdown of revenue performance by segment for Q2 2024 has not been provided.
Operational Data
Operational Metrics: No additional key operational data was provided in the earnings release.
Comments from Company's Officers
Officer Comments: The earnings release did not include specific comments from the company's officers.
Dividends & Share Repurchase Program
Dividends: Arhaus declared a special cash dividend on its Class A and Class B common stock of $0.50 per share, payable on April 4, 2024, to shareholders recorded as of March 21, 2024. During the six months ended June 30, 2024, the company paid out $70.1 million of this special dividend.
Share Repurchase Program: No share repurchase program information was provided in the earnings release.
Forward Guidance
Forward Guidance: The earnings release did not contain information on forward guidance for future quarters or the fiscal year.
Stock Price Movement
Post-Earnings Stock Movement: Following the earnings announcement, Arhaus's stock price experienced a significant decline of 17.96%.
This summary provides a comprehensive review of Arhaus, Inc.'s Q2 2024 financial performance based on the available data.