Arhaus, Inc. Stock Price, News & Analysis

Arhaus (NASDAQ: ARHS) has raised its revenue outlook for Q4 and full year 2024, projecting full-year revenue between $1.27 billion to $1.28 billion, approximately $35 million higher than previous expectations. The company reported demand comparable growth of about 6% in Q4, despite a low-single-digit decline in October.

While comparable growth is expected to decline between 9% to 8% due to last year's abnormal backlog deliveries, this represents an improvement from prior expectations. The implied Q4 2024 revenue is projected at $343 million to $353 million.

Additionally, CFO Dawn Phillipson is stepping down to pursue opportunities outside the home furnishings industry. An external search for her successor is underway.

Arhaus (ARHS) has opened its new showroom in Corte Madera at Town Center Corte Madera, marking its fourteenth location in California. At 27,800 square feet, it becomes the company's largest retail location in the state. The new showroom offers complimentary design services and is situated in Marin County, north of the Golden Gate Bridge. To celebrate the opening, Arhaus is making a $10,000 donation to American Forests, supporting their conservation mission as part of the company's Green Initiative.

Arhaus (NASDAQ: ARHS) reported Q3 2024 results with net revenue of $319 million, down from $326 million in Q3 2023, showing comparable growth of -9.2%. Net income was $10 million, compared to $20 million in Q3 2023, while Adjusted EBITDA reached $23 million. The company updated its 2024 outlook, projecting net revenue between $1.23-1.25 billion and comparable growth of -12% to -11%. Despite challenging market conditions, Arhaus maintains a strong debt-free balance sheet with $178 million in cash and continues expanding with 10 new showrooms opened in 2024.

Arhaus (NASDAQ: ARHS), a lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss results and answer questions from investors. The call will be accessible via webcast on the company's investor relations website and through telephone dial-in options for both U.S. and international participants.

Arhaus, a premium home brand specializing in artisan-crafted furniture and home décor, has opened its first showroom in Oklahoma. The 17,000 square-foot location is situated in Oklahoma City at OAK, a new mixed-use luxury development. As an anchor tenant, Arhaus offers high-quality furniture and décor alongside OAK's diverse lifestyle offerings.

The showroom provides complimentary design services for clients, with seasoned consultants available both in-store and online. To mark the opening, Arhaus is making a $10,000 contribution to American Forests, supporting their ongoing Green Initiative. The Oklahoma City location opens on October 18, 2024, at 2120 NW Expressway, Oklahoma City, OK 73112.

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.