Core Points - Johnson Fistel, LLP is investigating Arhaus, Inc. for potential violations of securities laws related to misrepresentation or failure to disclose material adverse information to investors [1] - Arhaus went public on November 4, 2021, selling 12.9 million shares at $13.00 per share during its IPO [1] - On April 29, 2024, Arhaus announced that its previously issued financial statements for the period ended September 30, 2023, should no longer be relied upon due to identified errors, which will require restatement [2] - The errors identified by Arhaus are related to cash receipts from landlord reimbursements and resulted in an estimated impact of $1 million to $5 million on cash flows for the nine months ended September 30, 2023 [2] - Following the April 29 disclosure, Arhaus's stock price fell by $0.80, or 5.94%, closing at $12.66 per share [2] - On August 8, 2024, Arhaus reported second-quarter revenue of $310 million, a year-over-year decline of 0.9%, which was below consensus estimates by $4.28 million [3] - After the second-quarter results announcement, Arhaus's stock price dropped by $1.74, or 12.57%, closing at $12.10 per share [3]

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS) on behalf of Arhaus stockholders. Our investigation concerns whether Arhaus has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On or around November 4, 2021, Arhaus conducted its initial public offering ( ...

Arhaus, Inc. (NASDAQ:ARHS) Q2 2024 Results Conference Call August 8, 2024 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 Jennifer Porter - Chief Marketing Officer Conference Call Participants Simeon Gutman - Morgan Stanley Max Rakhlenko - TD Cowen Steven Forbes - Guggenheim Securities Seth Sigman - Barclays Robby Ohmes - Bank of America Sabrina Baxamusa - William ...

Arhaus, Inc. (ARHS) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.11, delivering a surprise of 450%.Over the last four quarters, the company has s ...

Financial Performance - For the six months ended June 30, 2024, the company generated $605.0 million in net revenue, with a gross margin of $239.4 million and a net income of $37.3 million[106]. - For the three months ended June 30, 2024, net revenue was $309.8 million, gross margin was $124.4 million, and net income was $22.2 million[106]. - Net revenue decreased by $12.5 million, or 2.0%, to $605.0 million for the six months ended June 30, 2024, compared to $617.5 million for the same period in 2023[126]. - Gross margin decreased by $29.0 million, or 10.8%, to $239.4 million for the six months ended June 30, 2024, with a gross margin percentage of 39.6% compared to 43.5% in 2023[127][128]. - Net and comprehensive income decreased by $37.0 million to $37.3 million for the six months ended June 30, 2024, compared to $74.3 million in 2023[132]. - For the three months ended June 30, 2024, net revenue decreased by $3.1 million, or 1.0%, to $309.8 million compared to $312.9 million in 2023[133]. Showroom Operations - As of June 30, 2024, the company operated 97 Showrooms, an increase from 92 Showrooms at December 31, 2023[105]. - The total square footage of Showroom locations increased to 1,550 thousand square feet as of June 30, 2024, compared to 1,438 thousand square feet at December 31, 2023[106]. - Total showrooms increased from 92 at the beginning of the period to 97 at the end of the period[124]. Expenses and Costs - Selling, general and administrative (SG&A) expenses increased by $22.8 million, or 13.5%, to $191.7 million for the six months ended June 30, 2024, representing 31.7% of net revenue[129]. - SG&A expenses for the three months ended June 30, 2024, increased by $8.9 million, or 10.3%, to $95.0 million, representing 30.7% of net revenue[135][136]. - Selling, general and administrative expenses are expected to increase as the company opens new Showrooms and develops new product categories[114]. Cash Flow and Investments - For the six months ended June 30, 2024, net cash provided by operating activities was $84.3 million, an increase of 31.5% compared to $64.2 million for the same period in 2023[148][149]. - The net cash used in investing activities for the six months ended June 30, 2024, was $62.2 million, up from $34.9 million in the same period of 2023, reflecting increased investments in Showrooms and supply chain[150][151]. - Total capital expenditures, net of landlord contributions, increased by $16.0 million to $40.2 million for the six months ended June 30, 2024, compared to $24.3 million in 2023[153]. - Net cash used in financing activities was $71.1 million for the six months ended June 30, 2024, primarily due to the payment of a special dividend, compared to $0.5 million in 2023[155]. - The company anticipates total company-funded capital expenditures to be between $80 million and $100 million in fiscal year 2024, primarily for opening new Showrooms[154]. Financial Position and Risks - As of June 30, 2024, the company had cash and cash equivalents of $174.2 million[140]. - The company faces risks including supply chain constraints, competition, and changes in consumer preferences that could impact future performance[101]. - The company has not drawn upon the 2021 Credit Facility as of June 30, 2024, indicating a stable financial position regarding interest rate risk[160]. - The company does not currently use derivative instruments to manage foreign currency exchange or interest rate risks, which may expose it to potential cost increases[159][160]. Other Financial Metrics - Adjusted EBITDA for the six months ended June 30, 2024, was $68.999 million, down from $118.586 million for the same period in 2023[118]. - Interest income, net increased to $2.0 million for the six months ended June 30, 2024, compared to $0.7 million in 2023[130]. - Income tax expense decreased to $12.6 million for the six months ended June 30, 2024, compared to $26.5 million in 2023[131]. - The increase in cash from operating activities was driven by a net income of $37.3 million and an increase in non-cash items of $57.6 million for the six months ended June 30, 2024[148]. - Cash used from working capital for the six months ended June 30, 2024, was primarily due to a $19.3 million increase in merchandise inventory and a $11.5 million increase in prepaid and other assets[148]. - The company experienced a significant increase in client deposits of $36.5 million and accounts payable of $4.6 million during the six months ended June 30, 2024[148].

ARHAUS vour home ARHAUS ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Net Revenue of $310 million, Net Income of $22 million and Adjusted EBITDA of $40 million Opened Five New Showrooms in the Second Quarter Lowering Full Year 2024 Outlook BOSTON HEIGHTS, Ohio—August 8, 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 second quarter ended June 30, 2024. | ...

BOSTON HEIGHTS, Ohio, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Arhaus, a leader in artisan-crafted furniture and home décor, announces the opening of its new 7,085 square-foot Studio at The Avenue Peachtree City in Peachtree City, Georgia. Located in South Metro Atlanta, Arhaus promises an inspiring destination for high-quality furniture and home décor alongside the center’s shopping, dining and entertainment offerings. Arhaus’ Peachtree City Studio marks the brand’s first Design Studio in Georgia and is the third ...

BOSTON HEIGHTS, Ohio, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Arhaus, a leader in artisan-crafted furniture and home décor, announces the opening of its new 7,085 square-foot Studio at The Avenue Peachtree City in Peachtree City, Georgia. Located in South Metro Atlanta, Arhaus promises an inspiring destination for high-quality furniture and home décor alongside the center's shopping, dining and entertainment offerings. Arhaus' Peachtree City Studio marks the brand's first Design Studio in Georgia and is the third ...

BOSTON HEIGHTS, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Arhaus (NASDAQ: ARHS), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, 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 will be able to access the press rel ...

BOSTON HEIGHTS, Ohio, July 26, 2024 (GLOBE NEWSWIRE) -- Arhaus, a leader in artisan-crafted furniture and home décor, announces the opening of its new 16,160 square-foot showroom at Stanford Shopping Center in Palo Alto, California. Located in the southern San Francisco Bay area, Arhaus promises an inspiring destination for high-quality furniture and home décor, alongside the open-air center's roster of premier shops, eateries, and more. This showroom marks the brand's thirteenth location in California, and ...