Arhaus, Inc. (ARHS) reported $295.16 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $0.11 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $263.23 million, representing a surprise of +12.13%. The company delivered an EPS surprise of +450.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...

Arhaus, Inc. (NASDAQ:ARHS) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Wendy Watson - SVP, Investor Relations John Reed - Chairman, President, Chief Executive Officer, Founder Dawn Sparks - Chief Logistics Officer Jennifer Porter - Chief Marketing Officer Conference Call Participants Julio Marquez - Guggenheim Partners Jeremy Hamblin - Craig Hallum Simeon Gutman - Morgan Stanley Cristina Fernandez - Telsey Advisory Group Jeffrey Walter - Jefferies Justin Kleber - Robert W. B ...

Group 1 - Arhaus, Inc. reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.25 per share a year ago, representing an earnings surprise of 450% [1] - The company achieved revenues of $295.16 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 12.13%, although this is a decrease from year-ago revenues of $304.57 million [1] - Over the last four quarters, Arhaus has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Group 2 - Arhaus shares have increased by approximately 11.6% since the beginning of the year, outperforming the S&P 500's gain of 8.8% [2] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings expectations [2][3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $329.77 million, and for the current fiscal year, it is $0.75 on revenues of $1.36 billion [4] Group 3 - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector is currently in the bottom 33% of over 250 Zacks industries, which may impact stock performance [4] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, with Arhaus currently holding a Zacks Rank 3 (Hold) [3]

ARHAUS vour home ARHAUS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Net Revenue of $295 million, Net Income of $15 million, and Adjusted EBITDA of $29 million Reaf irming Full Year 2024 Outlook BOSTON HEIGHTS, Ohio—May 9, 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 financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net revenue of $29 ...

Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Arhaus, Inc. for possible violations of federal securities laws and unlawful business practices [1] Financial Reporting Issues - On April 29, 2024, Arhaus filed a Current Report on Form 8-K with the SEC, indicating that its previously issued unaudited condensed consolidated financial statements should no longer be relied upon due to balance sheet errors [1] - The errors identified were related to cash receipts from landlord reimbursements being incorrectly included in property, furniture, and equipment, net, which also affected the cash flows in the statement of cash flows for the nine months ended September 30, 2023 [1] - The estimated impact of these errors is an increase in net cash provided by operating activities and an increase in net cash used in investing activities, ranging from approximately $1 million to $5 million [1] Market Reaction - Following the announcement of the financial reporting issues, the price of Arhaus shares declined by $0.80 per share, or approximately 5.9%, from $13.46 on April 29, 2024, to close at $12.66 on April 30, 2024 [1]

BOSTON HEIGHTS, Ohio, April 29, 2024 (GLOBE NEWSWIRE) -- Arhaus, Inc. (NASDAQ:ARHS, "Arhaus" or the "Company"))), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, announced that it is rescheduling its first quarter 2024 earnings press release and investor conference call previously scheduled for Thursday, May 2, 2024. The Company now plans to release its first quarter 2024 financial results before market open on May 9, 2024. The Company will host a con ...

Core Viewpoint - Arhaus, Inc. is expected to report a decline in both revenue and earnings for the first quarter of 2024, with revenues estimated at $263.2 million, reflecting a 13.6% decrease year-over-year, and earnings per share projected at 2 cents, down from 25 cents in the prior year [1] Group 1: Revenue and Earnings Expectations - The Zacks Consensus Estimate for first-quarter revenues is $263.2 million, indicating a 13.6% decline from the previous year's figure of $304.6 million [1][2] - The company has guided first-quarter 2024 revenues between $260 million and $270 million, with a comparable sales decline projected in the range of 20%-23% [2] - The earnings per share estimate has remained stable at 2 cents, suggesting a significant drop from 25 cents reported in the same quarter last year [1] Group 2: Operational Challenges - The implementation of a new warehouse management system in March may disrupt operations, leading to logistical challenges and delays in order processing and fulfillment [2] - Adverse weather conditions in January negatively impacted client traffic, contributing to the anticipated revenue decline [2] Group 3: Adjusted EBITDA and Cost Factors - Arhaus is projecting adjusted EBITDA deleverage in the first quarter of 2024, with approximately one-third of this decrease attributed to gross margin pressures due to fixed cost deleverage amid declining revenues [3] - The remaining adjusted EBITDA deleverage is linked to SG&A expenses, which are affected by the revenue decline and ongoing strategic investments [3] Group 4: Earnings Prediction Model - The Zacks model does not predict an earnings beat for Arhaus, as it currently holds a Zacks Rank 3 and an Earnings ESP of 0.00% [4]

BOSTON HEIGHTS, Ohio, April 19, 2024 (GLOBE NEWSWIRE) -- Arhaus, a leader in artisan-crafted furniture and home décor, announces the opening of its new 5,300 square-foot showroom in Greenwich, Connecticut, located near the top of Greenwich Avenue in the city's downtown shopping district. This marks the brand's third showroom in Connecticut, with other locations in Farmington and Norwalk. The new Greenwich showroom is an inspiring destination for high quality furniture and home décor and offers complimentary ...

As stimulus-driven spending gradually wanes and interest rates remain elevated, the Retail – Miscellaneous industry is facing a crucial moment. Consumers are exercising caution with their disposable income. This change in consumer sentiment is impacting different merchandise categories, posing challenges for businesses. The recent report from the Labor Department revealed a 0.4% increase in the consumer price index for March. This has dashed hopes of any recent cut in benchmark interest rates.Nonetheless, t ...