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Arhaus, Inc. (NASDAQ: ARHS) is a prominent lifestyle brand and omni-channel retailer known for its premium home furnishings. Headquartered in Cleveland, Ohio, Arhaus was founded in 1986 by John and Jack Reed. The company has grown significantly since its inception and now operates more than 90 showrooms and design studio locations across the United States. In addition, Arhaus maintains a robust online presence through its website, arhaus.com.
Arhaus specializes in offering original handcrafted designs that reflect a blend of cultures from around the world. The company collaborates with skilled artisans to create an eclectic mix of exclusive pieces available only at Arhaus stores and online. Arhaus' commitment to sustainability is evident through its use of recycled materials and sustainably sourced timbers, ensuring that nearly 50% of its product assortment is eco-friendly.
The company provides a wide range of merchandise, including furniture, outdoor, lighting, textiles, and decor. This diverse product lineup is supported by Arhaus' proprietary model, which involves direct sourcing from leading manufacturers and artisans globally. This approach allows the company to offer heirloom-quality products that are built to last and come with unique designs not found elsewhere.
Arhaus is also known for its client-first service, offering complimentary in-home design consultations through its team of interior designers. This service, combined with the company's innovative design and responsible sourcing practices, has helped Arhaus build a loyal customer base.
Recent achievements include the opening of new showrooms such as a 16,000 square-foot destination in Orange County and a 17,904 square-foot location in a prominent California shopping center. These expansions underscore Arhaus' commitment to growth and enhancing its brand presence. Financially, Arhaus reported net revenue of $295 million and a net income of $15 million for the first quarter of 2024, reaffirming its positive outlook for the full year.
In addition to its retail and eCommerce channels, Arhaus has forged strong partnerships with artisans and manufacturers, which have been spotlighted in their promotional campaigns, such as the 'Bellissimo Segreto' honoring Italian craftsmanship. Arhaus continues to innovate with new product introductions like the Cooper Dining Table and the Saint Germain Collection, reflecting their dedication to quality and design.
For the latest updates and more information, visit the company's Investor Relations page.
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.
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.
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