Business
Arhaus Reports First Quarter 2025 Financial Results
BOSTON HEIGHTS, Ohio, May 08, 2025 (GLOBE NEWSWIRE) -- Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS), a growing lifestyle brand and omni-channel
About this update from Arhaus, Inc.
[{"type":"text","content":"BOSTON HEIGHTS, Ohio, May 08, 2025 (GLOBE NEWSWIRE) -- Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS), a growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported first quarter 2025 results for the period ended March 31, 2025. Highlights include: Net revenue increased 5.5% to $311 million compared to the same period in 2024Gross margin increased 0.4% to $116 million compared to the same period in 2024Selling, general and administrative expenses increased 13.9% to $110 million compared to the same period in 2024Net and comprehensive income decreased 67.6% to $5 million compared to the same period in 2024Adjusted EBITDA decreased 36.2% to $19 million compared to the same period in 2024Comparable growth(1) of (1.5)%Demand comparable growth(2) of 4.1%Total Showroom Projects(3) of 5 locations, inclusive of 1 new Traditional Showroom opening and 4 strategic relocations. John Reed, Co-Founder and Chief Executive Officer, said: “We’re pleased with our first quarter performance, which met our expectations despite continued macroeconomic volatility—underscoring the strength of our brand and the resilience of our business model. As we look ahead, we’re focused on what we can control: executing with discipline, investing strategically, and expanding our showroom footprint to support long-term, profitable growth. In 2025, we plan to have 12 to 15 Total Showroom Projects(3) and expect to reduce China sourcing to approximately 1% of Total Receipts(4) in the fourth quarter. While we revised our full-year outlook to reflect the broader uncertainty, we remain confident in our business—supported by a strong balance sheet, operational agility, and the momentum of our growth strategy. I’m proud of what we’ve accomplished and even more excited about the opportunities ahead.” Operational Highlights First quarter comparable growth(1) was (1.5)%, near the midpoint of the Company’s expectations. Demand comparable growth(2) was 4.1%, driven by healthy client engagement and the ongoing success of the Company’s product assortment, marketing initiatives, and planned promotions. The Company is pleased with the overall strength of the quarter. Showroom Highlights In the first quarter 2025, the Company’s showroom footprint was 103 Showrooms across 30 states and all four geographic regions. The Company compl...