secwatch.observer — SEC 8-K summary
======================================

Issuer:     Arhaus, Inc. (ARHS)
CIK:        0001875444
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001875444-24-000126
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arhaus Q2 net revenue $310M, net income $22M; lowers FY 2024 outlook
--------------------------------------------------------------------

- Q2 net revenue $310M vs $313M YoY; comparable growth (7.1)%.
- Q2 net income $22M ($0.20 diluted EPS) vs $40M a year ago; adjusted EBITDA $40M (12.9% margin).
- Full-year net revenue guidance cut to $1.25-1.29B from $1.33-1.37B; adjusted EBITDA now $125-145M from $185-200M.
- Demand comparable growth softened to (3)% in Q2; CEO cites consumer trends as reason for lower second-half outlook.
- Opened five new showrooms in Q2; ended quarter with 97 total showrooms across 29 states.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000126/0001875444-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000126/arhs-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001875444-24-000126

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