Arhaus, Inc. Provides Earnings Guidance for the Second Quarter of 2024; Reaffirms Earnings Guidance for the Full Year of 2024
May 09, 2024 at 06:30 am
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Arhaus, Inc. provided earnings guidance for the second quarter and full year of 2024. For the quarter, the company expects net revenue to be between $310 million to $320 million. Comparable growth to be between negative 9% to negative 7%. Net income to be between $14 million to $18 million.
For the full year, the company reaffirming net revenue to be between $1.33 billion to $1.37 billion. Comparable growth to be between negative 4% to negative 2%. Net income to be between $95 million to $105 million.
Arhaus, Inc. is a lifestyle brand and omni-channel retailer of premium home furnishings. The Company through its proprietary model, designs and sources products from manufacturers and artisans around the world. It has approximately 90 showrooms and design centerâs locations across the United States. It offers merchandise in various categories, including furniture, outdoor, lighting, textiles, and decor. Its furniture product offerings consist of bedroom, dining room, living room and home office furnishings and include sofas, dining tables, and chairs, among others. Its outdoor product offerings include outdoor dining tables, chairs, chaises and other furniture, lighting, and others. Its lighting product offerings consist of a variety of distinct and artistic lighting fixtures. Its textile product offerings include handcrafted indoor and outdoor rugs, bed linens, and pillows and throws. Decor ranges from wall art to mirrors, vases to candles, and many other decorative accessories.
ARHAUS, INC. 
