secwatch.observer — SEC 8-K summary
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Issuer:     Arhaus, Inc. (ARHS)
CIK:        0001875444
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001875444-24-000134
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arhaus Q3 net income down 50% to $10M, cuts FY2024 revenue and EBITDA guidance
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- Net revenue $319M (-2% YoY); comparable growth -9.2%; demand comparable -11.3%.
- Net income $10M vs $20M YoY; Adjusted EBITDA $23M vs $34M, margin 7.2% down from 10.3%.
- FY2024 guidance cut: revenue $1.23-1.25B (prev $1.25-1.29B), adj. EBITDA $115-125M (prev $125-145M).
- Q4 outlook weak: revenue $306-326M, comparable growth -22% to -16%.
- Cash $178M, zero debt; 101 showrooms across 29 states; 11th opened in Corte Madera, CA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000134/0001875444-24-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1875444/000187544424000134/arhs-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001875444-24-000134

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