Management And LeadershipArhaus lost its CFO, COO, and SVP of IR in 2.5 months, which adds execution risk and impacts communication with the Street.
MarginsEBITDA margins have declined a remarkable 10% on average in the second half over the last two years, and 2025 guidance calls for no margin expansion.
ProfitabilityThe margin guide came in below expectations, suggesting potential challenges for the company's profitability.