Arhaus reports Q1 EPS 3c, consensus 6c

Reports Q1 revenue $311M, consensus $314.95M. CEO John Reed said: “We’re pleased with our first quarter performance, which met our expectations despite continued macroeconomic volatility-underscoring the strength of our brand and the resilience of our business model. As we look ahead, we’re focused on what we can control: executing with discipline, investing strategically, and expanding our showroom footprint to support long-term, profitable growth. In 2025, we plan to have 12 to 15 Total Showroom Projects and expect to reduce China sourcing to approximately 1% of Total Receipts in Q4. While we revised our full-year outlook to reflect the broader uncertainty, we remain confident in our business-supported by a strong balance sheet, operational agility, and the momentum of our growth strategy. I’m proud of what we’ve accomplished and even more excited about the opportunities ahead.”