Financial PerformanceAdjusted EBITDA beat Street expectations by ~10% due to leaner expenses offsetting modestly softer sales and gross margins.
Growth OpportunitiesIncreasing awareness through showroom openings, word of mouth, and advertising is one of the biggest long-term growth opportunities notwithstanding the macro or competitive dynamics.
Market PositionARHS has generated positive demand comps since 3Q20 including +1.3% in 1Q24 and +115% vs. 2019 and market share rose to 1.6% in 2023 from 0.9% in 2019.