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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 reported a robust 43.8% increase in net revenue for Q1 2022, totaling $246 million, driven by strong demand in both showroom and eCommerce channels. Adjusted EBITDA rose 22.4% to $31 million, while net income increased to $16 million. The company raised its full-year revenue outlook to between $1,145 million and $1,185 million, reflecting a 36% to 46% comparable growth expectation. Key focus remains on improving supply chain efficiency and accelerating delivery times.
Arhaus (NASDAQ: ARHS) is set to release its Q1 2022 financial results before market open on May 11, 2022. The company will host a conference call at 8:30 a.m. ET on the same day to discuss its financial and operational performance and respond to investor queries. Interested parties can access the press release and conference call via Arhaus's website. Founded in 1986, Arhaus specializes in premium artisan-crafted home furnishings and has over 75 showroom locations in the U.S.
Arhaus, Inc. (NASDAQ: ARHS) reported robust financial results for 2021, achieving a 57.1% increase in net revenue to $797 million and a net income of $37 million, marking a 116.7% growth from the previous year. Its fourth-quarter net revenue rose 46.3% to $238 million with a comparable growth of 40.5%. The company anticipates 2022 net revenue between $1,130 million and $1,170 million. Despite challenges like rising material costs, operational expansions and a new website enhance its market position.
Arhaus (NASDAQ: ARHS), a fast-growing brand in premium home furnishings, will release its Q4 and full-year 2021 financial results on March 30, 2022, before market open. A conference call is scheduled for 8:30 AM ET on the same day to discuss the results and engage with investors. The call will be accessible via the company’s website and through telephone dial-in options. The company showcases a differentiated model with over 75 showrooms across the U.S., offering sustainable and artisan-crafted products.
Arhaus (NASDAQ: ARHS) has launched its Outdoor 2022 Collection, inspired by the scenic Greek Isles. The collection features a diverse range of artisan-crafted home furnishings, from lighting to performance rugs, designed for outdoor aesthetics and functionality. Products include options like the Milos and Crew Hanging Chair, showcasing durability with high-quality materials suitable for all-weather. Customers can explore the new arrivals online at Arhaus.com.
Arhaus (NASDAQ: ARHS) announced its Spring 2022 Collection, titled 'Fresh Perspectives', on January 19, 2022. The collection features artisan-crafted home furnishings, including the Whitby Dining Table and Oslo Sofa, representing elevated and durable style. The company is expanding its US presence with new showrooms and a state-of-the-art manufacturing facility in North Carolina. Arhaus also emphasizes sustainability by repurposing bison hides into its Ridge Bark Bison Leather Collection, and offers over 60 upholstery options in its Crypton® Home Performance Collection, designed for easy maintenance.
Aurora Industrial, LLC announced the acquisition of a 15-asset industrial portfolio in Cleveland, Ohio, totaling approximately 2.9 million square feet. The seller, Premier Development Partners, was advised by CBRE National Partners. This portfolio has been developed over 15 years and features a mix of tenants across different industries. CEO Mukang Cho expressed confidence in Aurora's growth in the Cleveland area, anticipating future scaling opportunities. The acquisition highlights the increasing interest in the Cleveland industrial market, as noted by CBRE Vice Chairman Michael Caprile.
Arhaus reported robust financial results for Q3 2021, with net revenue soaring by 68.7% to $203 million, compared to the same quarter last year. Comparable growth reached 61.3%, up from a 3.7% decline in Q3 2020. Net and comprehensive income surged by an astounding 1736.9% to $14 million. Adjusted EBITDA also climbed 215.3% to $31 million. The company plans to expand its showroom footprint and has opened new locations, reflecting strong demand trends. With a strong balance sheet, cash equivalents stand at $149 million, allowing for continued growth investments.
Arhaus (NASDAQ: ARHS) is set to release its third quarter 2021 financial results on December 9, 2021, before market open. The company will conduct a conference call at 8:30 AM Eastern Time to discuss the results and engage with the investment community. Interested investors can access the press release and call via the company's website.
Arhaus specializes in premium home furnishings and operates over 75 showrooms across the U.S., providing unique, sustainably sourced products and complimentary design services.
Arhaus, Inc. has priced its initial public offering (IPO) at $13.00 per share for 12,903,226 shares of Class A common stock. The underwriters have a 30-day option to purchase an additional 1,935,484 shares. Trading is set to commence on November 4, 2021, on Nasdaq under the ticker symbol ARHS, with the offering expected to close on November 8, 2021. BofA Securities and Jefferies LLC are leading the offering, which will be conducted via a prospectus. The SEC had earlier declared the registration statement effective on November 3, 2021.
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