Arhaus, Inc. Stock Price, News & Analysis

Arhaus, a premium home brand specializing in artisan-crafted furniture and home décor, has opened a new 7,310 square-foot Studio at Birkdale Village in Huntersville, North Carolina. This marks Arhaus' fourth location in the state and second Studio format. The Huntersville Studio offers a more intimate experience with personalized service and advanced technology for furniture customization. To celebrate the opening, Arhaus is donating $10,000 to American Forests, aligning with its sustainability principles. The Studio opened on September 13, 2024, providing clients with access to Arhaus' high-quality products and design services in the Charlotte metropolitan area.

Arhaus (NASDAQ: ARHS) introduces its Fall 2024 Collection, showcasing a diverse range of home furnishings designed to express personal style. The collection features unique finishes, mixed materials, and luxurious textures across various furniture categories. Highlights include:

- The Astor Collection with solid oak reeded detailing and marble tops
- New color varieties in natural stone patterns
- Expanded dining and bedroom lines with warm oak and travertine combinations
- Bold upholstery offerings with rich hues and elegant patterns
- Expanded Motion Seating Collections with new designs and fabric options
- Innovative lighting solutions from artisan partners in Mexico

The collection is now available online and in over 100 Arhaus showrooms nationwide, emphasizing the brand's commitment to artisan-crafted and responsibly sourced home furnishings.

Arhaus, Inc. (NASDAQ: ARHS) reported its Q2 2024 financial results, with net revenue of $310 million, net income of $22 million, and Adjusted EBITDA of $40 million. The company opened five new showrooms in Q2, bringing its total to 97 across 29 states. However, Arhaus is lowering its full-year 2024 outlook due to softening demand trends. Key highlights include:

- Comparable growth of -7.1%
- Demand comparable growth of -3%
- Gross margin decrease due to higher showroom costs and promotional activity
- Strong balance sheet with $174 million in cash and no long-term debt
- Updated 2024 outlook: Net revenue of $1.25-$1.29 billion, net income of $55-$75 million

CEO John Reed emphasized the company's long-term growth strategy and continued expansion plans despite current consumer environment challenges.

Arhaus, a premium home brand specializing in artisan-crafted furniture and décor, has opened a new 7,085 square-foot Studio at The Avenue Peachtree City in Georgia. This marks Arhaus' first Design Studio in Georgia and third location in the state. The Studio concept offers a more intimate experience with personalized service and advanced technology for furniture customization. Features include 3D room-planning software and touchscreen monitors to visualize Arhaus products in clients' spaces.

To celebrate the opening, Arhaus is making a $10,000 contribution to Southern Crescent Habitat for Humanity. The new Studio, which opened on August 2, 2024, is located at 234 City Circle, Peachtree City, GA 30269.

Arhaus (NASDAQ: ARHS), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, has announced it will release its second quarter 2024 financial results before market open on Thursday, August 8, 2024. The company will host a conference call at 8:30 a.m. Eastern Time the same day to review its financial and operational results and answer questions from the investment community.

Investors can access the press release and conference call webcast on the company's website, http://ir.arhaus.com. The dial-in number for the call within the U.S. is (877) 407-3982, and from outside the U.S. is +1 (201) 493-6780. The conference ID is 13741049. A replay of the conference call will be available on the website and via telephone for one week, with the webcast replay remaining available for twelve months.

Arhaus, a leading artisan-crafted furniture and home décor brand, has opened a new 16,160 square-foot showroom at Stanford Shopping Center in Palo Alto, California. This marks the brand's thirteenth location in California and seventh to open within the past year as part of Arhaus' ongoing West Coast expansion. The Palo Alto showroom offers complimentary design services to clients, with seasoned design consultants available both in-store and online.

To celebrate the opening, Arhaus is making a $10,000 contribution to American Forests, the country's oldest nonprofit conservation organization. This aligns with Arhaus' Green Initiative and commitment to sustainable principles. The new showroom opened on July 26, 2024, adding to Arhaus' growing presence in the San Francisco Bay area.

Arhaus, a premium home retailer, has opened a new 15,411 sq. ft. showroom at The Beacon La Costa in Carlsbad, California, marking its twelfth location in the state and the second in San Diego County.

The showroom, part of Arhaus' West Coast expansion, offers high-quality furniture and home décor along with complimentary design services for home projects of any scale.

To celebrate the opening, Arhaus is donating $10,000 to American Forests as part of its Green Initiative.

The showroom is located at 7770 El Camino Real and opens today, June 14, 2024.

Arhaus, a leader in artisan-crafted furniture and home décor, has opened a new 17,904 square-foot showroom at The Grove in Los Angeles, California. This is Arhaus' eleventh showroom in California and the fifth new location in the past year, as part of its ongoing West Coast expansion.

The showroom is Arhaus' largest and most luxurious yet, offering complimentary design services and a range of high-quality furniture and home décor. The grand opening will include events such as live music, artisan showcases, and charity donations to The Nature Conservancy, Habitat for Humanity of Greater Los Angeles, and American Forests.

On June 21, a book signing with the Brownstone Boys and a panel discussion with interior designers Erick Garcia and Hema Persad are scheduled.

Arhaus, Inc. (NASDAQ: ARHS) reported Q1 2024 financial results with net revenue of $295 million, net income of $15 million, and adjusted EBITDA of $29 million. Despite a decrease in revenue compared to Q1 2023, the company remains optimistic, reaffirming its full-year outlook for 2024. CEO John Reed highlights industry-leading market share gains and strategic investments in systems and eCommerce capabilities. The company plans to open nine to eleven new Showrooms in 2024 to drive growth.