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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 (NASDAQ: ARHS) will announce its Q4 and full year 2022 financial results on March 9, 2023, before the market opens. The company will host a conference call at 8:30 a.m. ET the same day to discuss its financial and operational performance and respond to investor inquiries. Investors can access the press release and the conference call via the company’s website. With over 80 showroom locations and a robust online presence, Arhaus continues to grow as a lifestyle brand known for premium, artisan-crafted home furnishings.
Arhaus, a premium home furnishings retailer, expects record net revenue for 2022 exceeding $1 billion, with comparable growth of around 51%. Fourth-quarter demand comparable growth significantly improved, reaching approximately 10%. The company is optimistic despite economic challenges, planning to expand its showroom presence and enhance omni-channel capabilities. Current guidance for net revenue is projected between $1,223 million and $1,228 million, an increase from prior estimates of $1,173 million to $1,193 million, indicating robust performance going forward.
Arhaus, Inc. (NASDAQ: ARHS) reported a 57.4% increase in net revenue for Q3 2022, reaching $320 million, with comparable growth of 54.3%. Net income rose to $37 million from $14 million YoY, alongside adjusted EBITDA growth of 86.6% to $57 million. For the year, the company reaffirms its revenue outlook of $1.173 to $1.193 billion and raises net income expectations, estimating $109 to $115 million. CEO John Reed highlighted strong demand and effective growth strategies despite inflationary pressures.
Arhaus, a leader in artisan-crafted home furnishings (NASDAQ: ARHS), has launched its Holiday 2022 Collection, named 'Holiday Glow.' This new collection features handcrafted seasonal décor and statement furnishings, drawing inspiration from holiday traditions. Products include ceramic winter villages, cozy pillows, and pre-lit trees, crafted from sustainable materials. The brand emphasizes personalization and warmth for gatherings. The collection is now available for purchase online and in showrooms nationwide.
Arhaus (NASDAQ: ARHS) will release its Q3 2022 financial results on November 10, 2022, before market open. The company will hold a conference call at 8:30 a.m. ET to discuss the results and answer queries from investors. The call can be accessed via the company’s website. Arhaus, established in 1986, is a leading omni-channel retailer of premium home furnishings, featuring 80 showrooms across the U.S. and offering sustainable, artisan-crafted products.
Arhaus (NASDAQ: ARHS) has launched its Fall 2022 Collection, 'The Art of Home,' which reflects personal style evolution in home decor. This collection features artisan-crafted furniture and decor sourced responsibly. It includes innovative designs like the Perth Dining Table and Kinnan Bed, emphasizing natural materials and modern aesthetics. Customers can explore the full range of products on Arhaus.com.
Arhaus, a lifestyle brand and retailer of artisan-crafted home furnishings, has appointed Tim Kuckelman as Chief Operating Officer, effective end of September. Kuckelman has over 30 years of experience in retail operations and logistics, previously serving as COO at Fashionphile Group and holding various roles at Kohl's. His responsibilities will include enhancing operational capabilities across sourcing, planning, logistics, and customer experience. This strategic hire aims to optimize processes and support Arhaus's growth trajectory.
Arhaus (NASDAQ: ARHS) has partnered with The Surf Lodge in Montauk for a significant refresh of its beachfront. This marks the first major update in over six years, showcasing Arhaus' Outdoor Collection. The collaboration emphasizes community values and artisan craftsmanship, presenting a curated assortment designed to enhance the lodge's aesthetic. This seasonal refresh coincides with the lodge's busiest summer, featuring a pop-up from September 20 to October 2, 2022, where visitors can shop Arhaus’ new fall collection.
Arhaus reported a significant 66.4% increase in net revenue for Q2 2022, totaling $306 million, driven by strong performance in showroom and eCommerce channels. Comparable growth was at 65.2%, with adjusted net income rising to $39 million. The company raised its full-year outlook, projecting net revenue between $1,173 million and $1,193 million. Key highlights include increased adjusted EBITDA by 76.4% to $60 million and plans to expand its showroom count significantly over time.
Arhaus (NASDAQ: ARHS) is set to release its second-quarter 2022 financial results on August 11, 2022, before market open. The company will hold a conference call at 8:30 a.m. ET on the same day to discuss its financial and operational performance, inviting questions from the investment community. Investors can access the press release and the conference call via the company's website. Established in 1986, Arhaus specializes in premium, artisan-crafted home furnishings, boasting 80 showroom locations and a strong online presence.
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