Arhaus, Inc. (ARHS)

Arhaus, Inc. (ARHS) Presents at Morgan Stanley Global Consumer & Retail Conference 2025 Transcript

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.

Winmark (NASDAQ: WINA - Get Free Report) and Arhaus (NASDAQ: ARHS - Get Free Report) are both small-cap retail/wholesale companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, dividends, institutional ownership, analyst recommendations and earnings. Volatility and Risk Winmark has a beta of 0.69,

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.

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.

Arhaus, Inc.'s reported revenue growth in Q2 2025 was driven by non-recurring factors, masking underlying weakness in core demand and comparable sales. Despite expanding store count, Arhaus is not generating meaningful adjusted growth or margin leverage, with demand comparable growth remaining negative year-over-year. The company's high valuation—trading at nearly 20x cycle-average earnings—is unjustified given flat revenues, deteriorating margins, and exposure to discretionary consumer risk.

Arhaus, Inc. (NASDAQ:ARHS ) Q2 2025 Earnings Conference Call August 7, 2025 8:30 AM ET Company Participants Jennifer E. Porter - Chief Marketing & eCommerce Officer John P.

The Arhaus Bath collection features artisan-crafted vanities, fixtures, textiles and accessories that reflect the brand's commitment to enduring materials and thoughtful design The Arhaus Bath collection features artisan-crafted vanities, fixtures, textiles and accessories that reflect the brand's commitment to enduring materials and thoughtful design

While the top- and bottom-line numbers for Arhaus, Inc. (ARHS) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.