secwatch.observer — SEC 8-K summary
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Issuer:     Arhaus, Inc. (ARHS)
CIK:        0001875444
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001875444-24-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arhaus Q1 net revenue $295M, net income $15M; reaffirms FY 2024 outlook
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- Net revenue $295M (down 3% YoY); comparable growth -9.5% but demand comparable growth +1.3%.
- Net income $15M vs $34M in Q1 2023; adjusted EBITDA $29M vs $55M.
- Reaffirmed FY 2024 guidance: revenue $1.33-1.37B, net income $95-105M, adjusted EBITDA $185-200M.
- Cash and equivalents $233M; no long-term debt; client deposits up 16.8% to $203M.
- Q2 2024 guidance: revenue $310-320M, net income $14-18M, adjusted EBITDA $33-38M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000064/0001875444-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000064/arhs-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001875444-24-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer