BUZZ-Arhaus jumps on raising annual sales forecast; CFO steps down

Reuters
01-09
BUZZ-Arhaus jumps on raising annual sales forecast; CFO steps down

** Home furnishing retailer Arhaus' ARHS.O shares up 5.5% at $9.98 after the bell

** Co raises annual net revenue forecast to a range of $1.27 billion to $1.28 billion from a prior range of $1.23 billion to $1.25 billion

** "We are pleased with the momentum in our business in the fourth quarter, with demand comparable growth of approximately 6% despite a low-single-digit demand comp decline in October" - CEO John Reed

** Also announces departure of CFO Dawn Phillipson

** ARHS stock fell 2% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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