Workflow
Arhaus(ARHS)
icon
Search documents
Arhaus to Report Second Quarter 2024 Financial Results on August 8, 2024
GlobeNewswire News Room· 2024-08-01 10:30
Group 1 - Arhaus will release its second quarter 2024 financial results on August 8, 2024, before market open [1] - A conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss financial and operational results [1] - Investors can access the press release and conference call webcast on the Company's website [1] Group 2 - Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings, founded in 1986 [3] - The company offers a unique assortment of heirloom quality products that are sustainably sourced and built to last [3] - Arhaus operates more than 95 showroom and design studio locations across the United States and provides complimentary in-home design services [3]
Arhaus Unveils Showroom in Palo Alto, California
GlobeNewswire News Room· 2024-07-26 20:30
Company Overview - Arhaus is a leader in artisan-crafted furniture and home décor, founded in 1986, and operates as a rapidly growing lifestyle brand and omni-channel retailer [4] - The company has more than 95 showroom and design studio locations across the United States, offering a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans [4] New Showroom Opening - Arhaus has opened a new 16,160 square-foot showroom at Stanford Shopping Center in Palo Alto, California, marking its thirteenth location in California and seventh opened within the past year as part of its West Coast expansion [1] - The showroom is positioned as an inspiring destination for high-quality furniture and home décor, complementing the open-air center's array of premier shops and eateries [1] Design Services - The Palo Alto location offers complimentary design services to clients, assisting with home projects of any scale, from single spaces to entire homes [2] - A team of seasoned design consultants is available to provide guidance both in-store and online [2] Community Contribution - In celebration of the showroom opening, Arhaus will contribute $10,000 to American Forests, the oldest nonprofit conservation organization in the U.S., as part of its Green Initiative [2] - The company emphasizes its commitment to sustainable principles and support for American Forests and its mission [2]
Arhaus Unveils Showroom in Palo Alto, California
Newsfilter· 2024-07-26 20:30
Core Insights - Arhaus has opened a new 16,160 square-foot showroom at Stanford Shopping Center in Palo Alto, California, marking its thirteenth location in California and seventh opened in the past year as part of its West Coast expansion [1][2] Company Overview - Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer specializing in premium home furnishings, offering a unique assortment of heirloom quality products that are sustainably sourced and built to last [4] - The company operates more than 95 showroom and design studio locations across the United States and provides complimentary in-home design services through a team of interior designers [4] Services Offered - The Palo Alto location provides complimentary design services to assist clients with home projects of any scale, whether it involves reviving a single space or furnishing an entire home [2] Community Engagement - To celebrate the showroom opening, Arhaus will contribute $10,000 to American Forests, supporting its mission of nurturing healthy and resilient forests [2]
Arhaus And RH Distinguished By Premium Focus, Scale, And National Networks - Analyst Initiates Coverage
Benzinga· 2024-07-09 18:49
Group 1 - Stifel analyst Andrew Carter initiated coverage on Arhaus, Inc. (ARHS) with a Buy rating and a price forecast of $19.5, citing successful execution and revenue growth post-COVID [1] - The current discount to retail peers undervalues Arhaus's growth outlook, as the company is in the midst of its primary expansion initiative [1] - The analyst also initiated coverage on RH (RH) with a Buy rating and a forecast of $315, noting that RH capitalized on the COVID surge but has faced scrutiny due to a 68% decline in shares from the August 2021 peak [1] Group 2 - The current discount valuation to specialty retail peers on an FY25E EBITDA basis is compelling, with ARHS at 9.4x, RH at 9.5x, and specialty retail peers at 11.3x [2] - Both companies are distinguished by their premium focus, scale, and national networks, enabling above-average retail operating margins with estimated product margins in the mid-to-high 60s [2] - 57% of U.S. households are within 50 miles of ARHS/RH showrooms, which are difficult to replicate, and both companies are expanding from strong positions [2] Group 3 - For Arhaus, the estimated FY26E revenue is $1.6 billion, with a CAGR of 7.4% from FY23 to FY26, while the operating margin is expected to remain relatively flat due to ongoing investments [3] - For RH, the estimated FY26E revenue is $3.96 billion, with a CAGR of 8.6% from FY23 to FY26, and an operating margin increase of 340 bps, constrained by ongoing investments including international expansion losses [3] - As of the latest check, RH shares are trading lower by 0.21% to $241.48, while ARHS shares are trading higher by 0.14% to $14.78 [3]
Arhaus Debuts New Showroom in Carlsbad, California
GlobeNewswire News Room· 2024-06-14 20:30
Core Viewpoint - Arhaus has opened a new 15,411 square-foot showroom in Carlsbad, California, marking its twelfth location in the state and part of its ongoing West Coast expansion strategy [1][2]. Group 1: Showroom Details - The new showroom is located at The Beacon La Costa and is designed to be an inspiring destination for high-quality furniture and home décor [1]. - This location is the sixth showroom opened by Arhaus in the past year, indicating a strong growth trajectory in California [1]. Group 2: Services Offered - Arhaus provides complimentary design services to assist clients with home projects of any scale, available both in-store and online [2]. - The design team consists of seasoned consultants ready to offer guidance for various home furnishing needs [2]. Group 3: Community Engagement - To celebrate the showroom opening, Arhaus has made a $10,000 contribution to American Forests, supporting conservation efforts [2]. - This initiative aligns with Arhaus' commitment to sustainability and its Green Initiative [2]. Group 4: Company Overview - Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer specializing in premium home furnishings [4]. - The company operates over 95 showroom and design studio locations across the United States and offers a range of sustainable, heirloom-quality products [4].
Arhaus Debuts New Showroom in Carlsbad, California
Newsfilter· 2024-06-14 20:30
BOSTON HEIGHTS, Ohio, June 14, 2024 (GLOBE NEWSWIRE) -- Arhaus, a leader in artisan-crafted furniture and home décor, announces the opening of its new 15,411 square-foot showroom at The Beacon La Costa in Carlsbad, California. Located in the coastal city north of San Diego, Arhaus promises an inspiring destination for high-quality furniture and home décor, alongside the center's collection of thoughtfully curated shops, eateries, and more. This showroom marks the brand's twelfth location in California, and ...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arhaus, Inc. - ARHS
GlobeNewswire News Room· 2024-06-05 20:34
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Arhaus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On or around November ...
ARHS INVESTOR NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Arhaus, Inc. Investors to Inquire About Securities Class Action Investigation - ARHS
Prnewswire· 2024-06-04 19:20
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Arhaus, Inc. due to allegations of materially misleading business information issued by the company [1][2]. Group 1: Company Financial Issues - On April 29, 2024, Arhaus filed a Current Report on Form 8-K with the SEC, stating that its previously issued unaudited condensed consolidated financial statements for the period ended September 30, 2023 should no longer be relied upon and need to be restated due to identified errors [2]. - The errors pertained to cash receipts from landlord reimbursements being incorrectly included in property, furniture, and equipment, which also led to inaccuracies in cash flows for operating and investing activities [2]. - 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 for the nine months ended September 30, 2023 [2]. Group 2: Market Reaction - Following the announcement of the financial restatement, Arhaus's stock price fell by $0.80 per share, or 5.9%, closing at $12.66 per share on April 30, 2024 [2]. Group 3: Legal Action and Representation - Rosen Law Firm is preparing a class action to seek recovery of investor losses, allowing shareholders who purchased Arhaus securities to potentially receive compensation without any out-of-pocket fees [1]. - The firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering significant amounts for investors [3].
ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Arhaus, Inc. Investors to Inquire About Securities Class Action Investigation - ARHS
prnewswire.com· 2024-05-28 17:41
NEW YORK, May 28, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Arhaus, Inc. (NASDAQ: ARHS) resulting from allegations that Arhaus may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Arhaus securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Fi ...
Arhaus Opens New Showroom at The Grove in Los Angeles
globenewswire.com· 2024-05-24 20:30
Core Insights - Arhaus has opened a new 17,904 square-foot showroom at The Grove in Los Angeles, marking its eleventh location in California and the fifth opened in the past year as part of its West Coast expansion [1][2] Company Expansion - The new showroom is positioned as a premier home retailer in a renowned shopping center, enhancing Arhaus' physical retail presence in Southern California [2] - The showroom is part of a broader strategy to expand Arhaus' footprint, with nearby locations including Canoga Park, Newport Beach, Torrance, and Thousand Oaks [1] Customer Engagement - The Los Angeles location offers complimentary design services to assist clients with home projects, supported by a team of seasoned interior designers and design consultants [2] - The company invites the local community to celebrate the showroom's opening with grand opening activities, including a book signing and panel discussion with interior designers [3][4] Company Overview - Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings, known for its sustainable sourcing and heirloom quality products [6] - The company operates over 90 showroom and design studio locations across the United States, providing innovative design and client-first service [6]