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Arhaus (NASDAQ:ARHS) Posts Earnings Results, Beats Expectations By $0.12 EPS
['Michael Walen']
Markets Daily
The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12, FiscalAI reports.
Here are the key takeaways from Arhaus’ conference call:Get Arhaus alerts:Positive Sentiment: Arhaus reported record second-quarter net revenue of approximately $385 million, up 7.4% year over year, while comparable written sales rose 12.5%.
Positive Sentiment: Arhaus said inventory availability improved, aged inventory declined, and client deposits increased 11.8% year over year, supporting conversion of written orders into future revenue.
Finally, Robert W. Baird set a $10.00 price target on shares of Arhaus in a research report on Friday.
According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.12.