ARHS - Arhaus soars after strong guidance and improved supply chain outlook

Arhaus (ARHS +9.8%) rallies after reporting revenue and EPS ahead of expectations in its first earnings report as a public company. Bank of America says it was also impressed with the full-year guidance from the retailer. Analyst Curtis Nagle: "We remain confidence on sustainable growth, potential margin and comp sales upside and as long as ARHS can continue to execute well, as it did in 3Q, we see a very strong case for multiple expansion and share price appreciation." Nagle also points to some positive commentary on the earnings call about small improvement with supply chain costs and strong gross margin trends. The firm reiterates its Buy rating on ARHS and price objective of $16, which reps more than 60% upside potential. which represents potential upside of 64% Dig into the Arhaus (NASDAQ:ARHS) guidance update which came in ahead of estimates.

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Arhaus soars after strong guidance and improved supply chain outlook