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Arhaus Announces Fourth Quarter and Full Year 2023 Financial Results

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Thursday, March 7, 2024

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BOSTON HEIGHTS, Ohio, March 07, 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, reported unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

Net income as a percent of net revenue decreased 410 basis points to 9.1% in the fourth quarter of 2023, compared to 13.2% in the fourth quarter of 2022.
Adjusted net income was $31 million in the fourth quarter of 2023, compared to $48 million in the fourth quarter of 2022.
Adjusted EBITDA as a percent of net revenue decreased 590 basis points to 14.9% in the fourth quarter of 2023, compared to 20.8% in the fourth quarter of 2022.
The table below presents our expectations for selected full year and first quarter 2024 financial operating results.

Arhaus Announces Third Quarter 2023 Financial Results

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Thursday, November 2, 2023

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BOSTON HEIGHTS, Ohio, Nov. 02, 2023 (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, reported financial results for the third quarter ended September 30, 2023.

Key Points:

BOSTON HEIGHTS, Ohio, Nov. 02, 2023 (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, reported financial results for the third quarter ended September 30, 2023.
We had another exceptional quarter of demand comparable growth(2) in the third quarter, up 11.7%.
Adjusted net income was $20 million in the third quarter of 2023 compared to $38 million in the third quarter of 2022.
The table below presents our updated expectations for selected full year 2023 financial operating results and implied fourth quarter 2023 expectations derived from the full year 2023 outlook.

Arhaus Opens New Showroom in West Hartford, Connecticut

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Friday, October 20, 2023

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BOSTON HEIGHTS, Ohio, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Arhaus , a leader in artisan-crafted furniture and home décor, announces today the opening of its new 11,155 square-foot Arhaus showroom just west of downtown Hartford, Connecticut at Westfarms, the premier shopping center of central Connecticut in West Hartford, CT.

Key Points:

BOSTON HEIGHTS, Ohio, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Arhaus , a leader in artisan-crafted furniture and home décor, announces today the opening of its new 11,155 square-foot Arhaus showroom just west of downtown Hartford, Connecticut at Westfarms, the premier shopping center of central Connecticut in West Hartford, CT.
The new Arhaus showroom will offer greater Hartford area residents an inspiring destination for high-quality furniture and décor alongside the center’s merchandising mix of unique to market lifestyle, apparel, and restaurant brands.
This showroom marks the brand’s second in Connecticut alongside its location in Norwalk at The SoNo Collection.
The Arhaus Westfarms showroom opens today, Friday, October 20th and is conveniently located at 1500 New Britain Ave, West Hartford, CT at the intersection of I-84 and Route 9.

ARHAUS INTRODUCES FALL 2023 COLLECTION

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Wednesday, August 23, 2023

BOSTON HEIGHTS, Ohio, Aug. 23, 2023 /PRNewswire/ -- Arhaus (NASDAQ: ARHS), a leader in artisan-crafted and responsibly sourced home furnishings, debuts today its Fall 2023 Collection with the launch of its annual style issue, 'Embracing Home.' Presenting an array of new performance upholsteries, finishes, collections, and expansions that embrace unique silhouettes, resilient textures, and seasonably rich color statements, 'Embracing Home' emphasizes the comfort found in creating a home that is uniquely one's own. The complete collection is now available online at Arhaus.com and in more than 85 Arhaus showrooms nationwide.

Key Points:

Honoring the importance of individuality and tradition, 'Embracing Home' presents unique silhouettes, expressive color statements, and the introduction of Rooted, the first volume in Arhaus' new Storied series
BOSTON HEIGHTS, Ohio, Aug. 23, 2023 /PRNewswire/ -- Arhaus (NASDAQ: ARHS), a leader in artisan-crafted and responsibly sourced home furnishings, debuts today its Fall 2023 Collection with the launch of its annual style issue, 'Embracing Home.'
The complete collection is now available online at Arhaus.com and in more than 85 Arhaus showrooms nationwide.
In step with the debut of its Fall 2023 Collection, Arhaus also introduces 'Rooted: A Story Uncommon' .
New Arrivals from the Fall 2023 Collection are now available to shop at Arhaus.com and Arhaus showrooms nationwide .

Arhaus Announces Pricing of Secondary Offering of Class A Common Stock by Selling Stockholders

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Thursday, August 17, 2023

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The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the Company’s Class A common stock at the public offering price, less the underwriting discount.

Key Points:

The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the Company’s Class A common stock at the public offering price, less the underwriting discount.
The Selling Stockholders will receive all of the proceeds from the Offering.
Arhaus is not selling any shares of Class A common stock in the Offering and will not receive any of the proceeds from the Offering.
BofA Securities and Jefferies are acting as joint lead book-running managers and as representatives for the Offering.

Arhaus Announces Secondary Offering of Class A Common Stock by Selling Stockholders

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Tuesday, August 15, 2023

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Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the Company’s Class A common stock.

Key Points:

Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the Company’s Class A common stock.
The proposed Offering is subject to market conditions, and there can be no assurance as to whether or when the proposed Offering may be completed or as to the actual size or terms of the proposed Offering.
The Selling Stockholders will receive all of the proceeds from the proposed Offering.
Arhaus is not selling any shares of Class A common stock in the proposed Offering and will not receive any of the proceeds from the proposed Offering.

Arhaus Announces Second Quarter 2023 Financial Results

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Wednesday, August 9, 2023

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BOSTON HEIGHTS, Ohio, Aug. 09, 2023 (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, reported financial results for the second quarter ended June 30, 2023.

Key Points:

BOSTON HEIGHTS, Ohio, Aug. 09, 2023 (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, reported financial results for the second quarter ended June 30, 2023.
John Reed, Co-Founder and Chief Executive Officer, commented,
“The second quarter of 2023 marks another quarter of exceptional demand comparable growth(2), up 11.6%.
Adjusted net income was $40 million in the second quarter of 2023 compared to $39 million in the second quarter of 2022.
Adjusted EBITDA as a percent of net revenue improved 70 basis points to 20.4% in the second quarter of 2023, compared to 19.7% in the second quarter of 2022.

ARHAUS PARTNERS WITH WHITE ELEPHANT NANTUCKET TO UNVEIL OUTDOOR REFRESH FOR RESORT'S 100TH ANNIVERSARY SEASON

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Wednesday, May 31, 2023

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The island served as inspiration for our most recent outdoor catalog, which has come to life through our collaboration with White Elephant.

Key Points:

The island served as inspiration for our most recent outdoor catalog, which has come to life through our collaboration with White Elephant.
"As the White Elephant introduces its complete restoration and renovation for the 2023 season, we are excited to unveil our new partnership with Arhaus," said Khaled Hashem, President of White Elephant Resorts.
The White Elephant's light and natural new color palette blends seamlessly with the textures and pieces Arhaus curated for the outdoor furnishings.
For more inspiration and to experience Arhaus' latest Outdoor 2023 Collection in full, continue exploring at Arhaus.com .

ARHAUS INTRODUCES OUTDOOR 2023 COLLECTION

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Wednesday, March 22, 2023

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BOSTON HEIGHTS, Ohio, March 22, 2023 /PRNewswire/ -- Arhaus (NASDAQ: ARHS), a leader in artisan-crafted and responsibly sourced home furnishings, debuts its Outdoor 2023 Collection, 'Currents'. Paying homage to inspiring shores and coastlines from Costa Rica to New England, 'Currents' presents the brand's assortment of new and enduring creations through a lens of natural beauty. The complete collection is now available online at Arhaus.com and in more than 80 Arhaus showrooms nationwide.

Key Points:

Offering an inspirational escape to coastlines near and far, Arhaus' outdoor introductions embrace quality and style for every journey ahead
BOSTON HEIGHTS, Ohio, March 22, 2023 /PRNewswire/ -- Arhaus (NASDAQ: ARHS), a leader in artisan-crafted and responsibly sourced home furnishings, debuts its Outdoor 2023 Collection, 'Currents' .
Outdoor Kitchen Collection : The new Outdoor Modular Kitchen Collection is made up of five modular components that can be arranged in a variety of configurations to build the perfect gourmet space.
Coronado Outdoor Collection : Inspired by traditional garden conversational seating styles, the Coronado Outdoor Seating Collection boasts minimalist designs with charming details to complete the classic-meets-contemporary look.
New Arrivals from the Outdoor 2023 Collection are now available to order at Arhaus.com and Arhaus showrooms nationwide .

Arhaus Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Thursday, March 9, 2023

Corporate action, Information technology, Income tax, Omnichannel, Transport, E-commerce, Showroom, Growth, Entrepreneurship, Balance sheet, EBITDA, Investment, Comparable, ARHS, Arhaus, IPO, Cryptocurrency, Video game

BOSTON HEIGHTS, Ohio, March 09, 2023 (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, reported financial results for the fourth quarter and full year ended December 31, 2022.

Key Points:

Comparable growth(1) was 47.0% and demand comparable growth(2) was 10.0% in the fourth quarter of 2022.
Net Income as a percent of net revenue increased 1040 basis points to 13.2% in the fourth quarter of 2022, compared to 2.8% in the fourth quarter of 2021.
Adjusted Net Income was $48 million in the fourth quarter of 2022, compared to $17 million in the fourth quarter of 2021.
Adjusted EBITDA as a percent of net revenue increased 700 basis points to 20.8% in the fourth quarter of 2022, compared to 13.8% in the fourth quarter of 2021.