ARHAUS vour home ARHAUS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Full Year 2023 Record Net Revenue of $1.3 Billion Announces Special Cash Dividend and Full Year 2024 Guidance BOSTON HEIGHTS, Ohio—March 7, 2024—Arhaus, Inc. (NASDAQ: ARHS; "Arhaus" or the "Company"), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 H ...

Core Viewpoint - Arhaus, Inc. (ARHS) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the earnings report expected on March 7, 2024, potentially impacting stock price based on actual results compared to estimates [1][2]. Group 1: Earnings Estimates - The consensus estimate for quarterly earnings is $0.17 per share, reflecting a 50% decrease year-over-year [2]. - Revenues are projected to be $336.73 million, which is a 5.5% decline from the same quarter last year [2]. Group 2: Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [3]. - The Most Accurate Estimate for Arhaus is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +8.62%, suggesting a bullish outlook from analysts [6]. Group 3: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5]. - Arhaus has a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [6]. Group 4: Historical Performance - In the last reported quarter, Arhaus was expected to post earnings of $0.11 per share but exceeded expectations with earnings of $0.14, resulting in a surprise of +27.27% [7]. - The company has successfully beaten consensus EPS estimates in the last four quarters [7]. Group 5: Market Reaction Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [8]. - Despite the potential for an earnings beat, it is essential to consider additional factors before making investment decisions regarding Arhaus [8].

Group 1 - Arhaus, Inc. has a strong track record of exceeding earnings estimates, with an average surprise of 19.41% over the last two quarters [1] - In the most recent quarter, Arhaus reported earnings of $0.14 per share, surpassing the expected $0.11 per share by 27.27% [1] - For the previous quarter, the company reported $0.29 per share against an estimate of $0.26 per share, resulting in a surprise of 11.54% [1] Group 2 - Earnings estimates for Arhaus have been trending higher, supported by its history of earnings surprises [2] - The stock has a positive Zacks Earnings ESP of +8.62%, indicating recent bullish sentiment among analysts regarding the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [3] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates [4] - Utilizing the Earnings ESP metric can enhance the chances of identifying successful investment opportunities prior to earnings releases [4]

Industry Overview - The Retail – Miscellaneous industry is at a critical point as stimulus-driven spending decreases and interest rates remain high, leading consumers to adopt more cautious spending habits [1][3] - The industry includes a variety of retailers, such as those selling sporting goods, beauty products, and specialty items, with profitability reliant on effective pricing, supply chain management, and merchandising strategies [2] Key Industry Trends - The industry faces challenges due to a cautious consumer environment influenced by high inflation, elevated interest rates, and geopolitical tensions, which are altering purchasing patterns [3] - Companies are under pressure to maintain margins as they compete on price, product quality, and speed to market, leading to increased costs in digital investments and operational expenses [4] - There is a focus on expanding product portfolios and market reach through enhanced online experiences, reward programs, and innovative product offerings, particularly in personal care and fitness-related items [5] Digitization and Growth Strategies - Industry participants are investing in digital platforms and optimizing supply chains to adapt to changing consumer shopping behaviors, including curbside pickup and contactless payment solutions [6] - Renovations and improvements in store experiences are being prioritized to keep physical locations relevant in a digital-first shopping environment [6] Market Performance - The Zacks Retail – Miscellaneous industry is currently ranked 197, placing it in the bottom 22% of over 250 Zacks industries, indicating a negative earnings outlook [7][8] - The industry has underperformed compared to the broader Retail – Wholesale sector and the S&P 500, declining 7.3% over the past year, while the S&P 500 rose 20.3% [9] Valuation Metrics - The industry is trading at a forward 12-month price-to-earnings (P/E) ratio of 16.2X, lower than the S&P 500's 20.31X and the sector's 22.4X, with historical trading ranges between 11.14X and 23.93X over the past five years [10] Company Highlights - **Sally Beauty**: Focused on customer engagement and innovative concepts, with a trailing four-quarter earnings surprise of 2.1% and a projected EPS growth of 2.7% [11] - **Ulta Beauty**: Strengthening its omnichannel business and enhancing customer experience, with a trailing four-quarter earnings surprise of 5.8% and projected revenue growth of 9.9% [12] - **Five Below**: Improving product selection and digital capabilities, with a trailing four-quarter earnings surprise of 5.7% and projected revenue growth of 16% [14] - **Arhaus**: Benefiting from strong demand and successful product launches, with a trailing four-quarter earnings surprise of 33.5% and projected revenue growth of 4.2% [15]

BOSTON HEIGHTS, Ohio, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Arhaus (NASDAQ:ARHS), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, will release its fourth quarter and full year 2023 financial results before market open on Thursday, March 7, 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 will be able to access t ...

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Financial Data and Key Metrics Changes - The company reported net revenue of $326 million, an increase of $6 million or 1.9% year-over-year, with a comparable decline of 2.1% versus Q3 last year when comp growth was 54.3% [12][14] - Demand comparable growth was 11.7% on a one-year basis and 99.5% on a four-year stack basis [12] - Gross margin decreased by 4% to $131 million, with gross margin as a percentage of net revenue down 250 basis points to 40% [12][13] - Third quarter net income decreased by 47% to $20 million, and adjusted EBITDA decreased by 41% to $34 million from $57 million in Q3 2022 [13] Business Line Data and Key Metrics Changes - The company experienced strong demand across all regions, products, and channels, with a notable performance in e-commerce, which was up 26% [7][58] - The retail side of the business saw a decline of 2.7% [58] - The company is focusing on growing its trade business and enhancing in-home delivery experiences [8][76] Market Data and Key Metrics Changes - The company is expanding its showroom footprint, with plans to open six to eight new traditional showrooms and two to three new outlet locations in 2024 [10][11] - The company has opened eight new showrooms year-to-date and plans to open three additional showrooms in California by December [9] Company Strategy and Development Direction - The company aims to expand its collection of globally inspired heirloom quality artisan-crafted furniture and grow its showroom footprint [11] - The company is investing in enhancing the final mile delivery experience and increasing the number of in-home designers [8][76] - The company is also focusing on the trade business, which has shown significant growth potential [76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and the ability to clear the abnormal backlog by the end of the year, leading to a normalized backlog in 2024 [21][67] - The company is being conservative in its fourth-quarter guidance due to macroeconomic uncertainties and the timing of promotions [70] - Management noted that brand awareness is growing, driven by new showroom openings and positive customer experiences [39][41] Other Important Information - The company made a significant donation of $10 million to the Nature Conservancy, which impacted the SG&A expenses [13] - Management indicated that the donation was a one-time opportunity and there are no current plans for similar donations in 2024 [82] Q&A Session Summary Question: Demand trends and backlog flow-through - Management expects to clear the abnormal backlog by the end of the year, with a higher normalized backlog rolling into next year [17][21] Question: Performance of new stores - New stores are performing well, meeting or exceeding expectations, particularly in larger markets [22][23] Question: Pricing actions and gross margin pressures - The company has seen sales increase on certain collections due to pricing actions, but there has been some gross margin compression as a result [26][28] Question: E-commerce performance - E-commerce has shown strong growth, with clients responding well to price actions and full-price products [58][60] Question: Future showroom openings and cash management - The company is focused on reinvesting cash into growth opportunities, including showroom expansions and trade programs [56] Question: Sustainability initiatives - The recent donation to the Nature Conservancy was a one-time event, with no current plans for similar initiatives in 2024 [82]

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.001 par value per shareARHSThe Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...

Arhaus, Inc. (NASDAQ:ARHS) Q2 2023 Results Conference Call August 9, 2023 8:30 AM ET Company Participants Wendy Watson - Senior Vice President of Investor Relations John Reed - Co-Founder, Chairman and Chief Executive Officer Dawn Phillipson - Chief Financial Officer Jen Porter - Chief Marketing and eCommerce Officer Conference Call Participants Julio Marquez - Guggenheim Jonathan Matuszewski - Jefferies Jackie Sussman - Morgan Stanley Peter Benedict - Baird Seth Sigman - Barclays Max Rakhlenko - TD Cowen J ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.001 par value per shareARHSThe Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...