Shares of Arhaus spike over 10% after raising revenue view, managemnt changes

Shares of Arhaus (ARHS) spiked after the company raised its FY24 revenue view to $1.27B-$1.28B from $1.23B-$1.25B with a consensus for FY24 revenue of $1.24B. The company said comparable growth is expected to decline between 9% to 8%..Additionally, Arhaus CFO Dawn Phillipson is stepping down from her role to pursue another career opportunity outside of the home furnishings industry. An external search for her successor is actively underway. Shares are up 6% or 52c per share at $9.98 in after hours trading.