Quarterly ResultMay 7, 2026, 06:03 AM
Arhaus Q1 Net Revenue $314M; Net Income Down 54.5% to $2M
AI Summary
Arhaus, Inc. reported first quarter 2026 results, achieving its highest first-quarter net revenue of $314 million, a 0.9% increase year-over-year. However, net and comprehensive income significantly decreased by 54.5% to $2 million, and Adjusted EBITDA declined by 3.1% to $18 million. The company noted a challenging operating environment with Comparable Delivered Sales down 1.7% and Comparable Written Sales down 5.7%, but reaffirmed its full-year 2026 outlook and provided Q2 guidance. Arhaus also paid a special cash dividend of $0.35 per share in March and continues its showroom expansion plans.
Key Highlights
- Net revenue increased 0.9% to $314 million in Q1 2026.
- Net and comprehensive income decreased 54.5% to $2 million.
- Adjusted EBITDA decreased 3.1% to $18 million.
- Comparable Delivered Sales decreased 1.7%; Comparable Written Sales decreased 5.7%.
- Paid a special cash dividend of $0.35 per share in March.
- Cash and cash equivalents were $177 million, down 30.1% from December 31, 2025.
- Reaffirmed full-year 2026 net revenue guidance of $1.43 billion to $1.47 billion.
- Plans 10 to 14 total showroom projects in 2026, including 4 to 6 new openings.