Arhaus

ARHS

Market cap $1.47B

Arhaus posted strong Q3 revenue growth driven by underlying demand, but guidance points to a challenging Q4 with declining comparable sales. ARHS achieved solid SG&A leverage and strong adjusted EBITDA growth, though gross margin gains were offset by occupancy deleverage and tariff headwinds looming for 2026. The demand outlook remains uncertain, with recent positive trends not enough to confirm a turnaround amid ongoing macroeconomic pressures on the furniture sector.

BOSTON HEIGHTS, Ohio, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS), a growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, today announced its participation in the following investor conferences. Morgan Stanley Global Consumer & Retail Conference—Tuesday, December 2, 2025 Chief Financial Officer Michael Lee and Vice President of Investor Relations Tara Atwood-Saja will participate in investor meetings at the Morgan Stanley Global Consumer & Retail Conference in New York City on December 2, 2025.

Arhaus, Inc. ( ARHS ) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST Company Participants Tara Atwood - Vice President of Investor Relations John Reed - Founder, Chairman, President & CEO Michael Lee - Chief Financial Officer Jennifer Porter - Chief Marketing & eCommerce Officer Conference Call Participants Julio Marquez - Guggenheim Securities, LLC, Research Division Jeremy Hamblin - Craig-Hallum Capital Group LLC, Research Division Seth Sigman - Barclays Bank PLC, Research Division Presentation Operator Good morning and welcome to the Arhaus Third Quarter 2025 Earnings Call. [Operator Instructions] I will now turn the call over to your host, Tara Atwood-Saja, Vice President of Investor Relations.

The headline numbers for Arhaus, Inc. (ARHS) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Arhaus, Inc. (ARHS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.

BOSTON HEIGHTS, Ohio, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Arhaus, Inc. (“Arhaus” or the “Company”) (NASDAQ: ARHS), a growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported third quarter 2025 results for the period ended September 30, 2025. Third Quarter 2025 Highlights Net revenue increased 8.0% to $345 million, compared to the third quarter of 2024 Gross margin increased 8.4% to $133 million, compared to the third quarter of 2024 Selling, general and administrative expenses increased 4.1% to $117 million, compared to the third quarter of 2024 Net and comprehensive income increased 23.1% to $12 million, compared to the third quarter of 2024 Adjusted EBITDA increased 35.2% to $31 million, compared to the third quarter of 2024 Comparable growth (1) of 4.1% John Reed, Co-Founder and Chief Executive Officer, said: “We delivered another strong quarter, with net revenue of $345 million, up 8.0% year-over-year—marking the highest third-quarter net revenue in our company's history.

ULTA, SBH, ARHS & WOOF show resilience in the Retail-Miscellaneous sector as companies adapt to shifting consumer demand with omnichannel platforms, lifestyle-focused products and personalization.

Here is how Arhaus, Inc. (ARHS) and Macy's (M) have performed compared to their sector so far this year.

In its annual style issue, ‘Home & Style,' Arhaus unveils a collection that brings the feeling of home to life through graceful forms, rich materials, and craftsmanship from around the world In its annual style issue, ‘Home & Style,' Arhaus unveils a collection that brings the feeling of home to life through graceful forms, rich materials, and craftsmanship from around the world

Arhaus reported very strong Q2 results after previously slashing the 2025 guidance. The strength was due to Arhaus's move to in-house distribution, temporarily boosting growth through delivery efficiency. Macroeconomic uncertainty still stands in Arhaus's way. Underlying demand growth has been weak, and the reaffirmed 2025 guidance suggests slowing growth ahead. The stock's post-earnings rally was not justified by the Q2 report. I now estimate 23% downside to $9.24.