Arhaus Expects 2024 Net Revenue Of $1.33B-$1.37B Vs. $1.32B Consensus; Sees Net And Comprehensive Income Of $95M-$105M And Adjusted EBITDA Of $185M-$200M
Author: Benzinga Newsdesk | March 07, 2024 07:39am
Outlook
The table below presents our expectations for selected full year and first quarter 2024 financial operating results. We expect first quarter net revenue to be impacted by both the warehouse management system implementation in our Ohio distribution center and weather.
| Full Year 2024 |
Q1 2024 |
| Net revenue |
$1.33 billion to $1.37 billion |
$260 million to $270 million |
| Comparable growth(1) |
(4)% to (2)% |
(23)% to (20)% |
| Net income (4) |
$95 million to $105 million |
$1 million to $3 million |
| Adjusted EBITDA(5) |
$185 million to $200 million |
$11 million to $15 million |
| Other estimates: |
| Company-funded capital expenditures(3) |
$80 million to $100 million |
| Fully diluted shares |
~141 million |
| Effective tax rate |
~26% |
Posted In: ARHS
