Arhaus, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 09, 2024 at 06:37 am EDT
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Arhaus, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 295.16 million compared to USD 304.57 million a year ago. Net income was USD 15.1 million compared to USD 34.1 million a year ago.
Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.24 a year ago.
Arhaus, Inc. is a lifestyle brand and omni-channel retailer of premium home furnishings. The Company through its proprietary model, designs and sources products from manufacturers and artisans around the world. It has approximately 90 showrooms and design centerâs locations across the United States. It offers merchandise in various categories, including furniture, outdoor, lighting, textiles, and decor. Its furniture product offerings consist of bedroom, dining room, living room and home office furnishings and include sofas, dining tables, and chairs, among others. Its outdoor product offerings include outdoor dining tables, chairs, chaises and other furniture, lighting, and others. Its lighting product offerings consist of a variety of distinct and artistic lighting fixtures. Its textile product offerings include handcrafted indoor and outdoor rugs, bed linens, and pillows and throws. Decor ranges from wall art to mirrors, vases to candles, and many other decorative accessories.
ARHAUS, INC. 
