ARHS - Arhaus pops 20% after earnings smasher with demand trends strong

Arhaus ( NASDAQ: ARHS ) soared in early trading after showing off 66% revenue growth in Q2 to smash the expectation of analysts.

Comparable sales increased 65% during the quarter off what the retailer said were strong demand trends in the showroom and e-commerce channels.

Adjusted EBITDA increased 76.4% to $60M vs. $34.4M consensus. Adjusted EBITDA as a percent of revenue increased 110 basis points to 19.7% of sales vs. 18.6% last year.

The company ended the quarter with 80 total showrooms across 28 states.

Looking ahead, Arhaus ( ARHS ) sees full-year revenue of $1.17B to $1.19B vs. $1.15B to $1.19B prior view and adjusted EBITDA of $173M to $180M vs. $151M to $161M prior view.

Shares of Arhaus ( ARHS ) jumped 20.31% at the open to $7.75 vs. the 52-week trading range of $4.25 to $14.95.

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