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BOSTON HEIGHTS, Ohio -On Wednesday, Arhaus , Inc. (NASDAQ:ARHS) reported fourth quarter earnings that surpassed analyst expectations.
Following the results the company’s shares were up 1.60% in pre-market trading.
The premium home furnishings retailer posted adjusted earnings per share of $0.15, beating the consensus estimate of $0.08. Revenue came in at $347 million, topping expectations of $315.09 million and rising slightly from $344 million in the same quarter last year.
Comparable sales declined 6.4% YoY, primarily due to lapping abnormal backlog fulfillment in the prior year period. However, demand comparable growth was 5.7%, driven by the strength of Arhaus’ product assortment and marketing initiatives.
"2024 was a transformative year for Arhaus, driven by disciplined execution of our strategy, record showroom expansion, and continued brand momentum," said John Reed, Co-Founder and CEO. "We celebrated a historic milestone by opening our 100th showroom, expanding to a total of 103 locations across 30 states at year end."
For the first quarter of 2025, Arhaus expects revenue between $303 million and $323 million, compared to analyst estimates of $316.8 million. The company sees full year 2025 revenue of $1.36 billion to $1.4 billion, in line with the $1.38 billion consensus.
Arhaus ended 2024 with $198 million in cash and no long-term debt. The company plans to open 3 to 5 new showrooms in 2025 as it continues its expansion strategy.
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