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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 5, 2024
___________________________________
Arhaus, Inc.
(Exact name of registrant as specified in its charter)
___________________________________

Delaware
(State or other jurisdiction of
incorporation or organization)
001-41009
(Commission File Number)
87-1729256
(I.R.S. Employer Identification Number)
51 E. Hines Hill Road, Boston Heights, Ohio
(Address of Principal Executive Offices)
44236
(Zip Code)
(440) 439-7700
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A common stock, $0.001 par value per shareARHSThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 7.01    Regulation FD Disclosure
On September 5, 2024, Arhaus, Inc. (the “Company”) issued an Investor Presentation. A copy of this presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This presentation, as well as similar presentations that the Company may issue in the future, will be posted in the Investor Relations section of the Company’s website: ir.arhaus.com.

The information contained in this Current Report on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01    Financial Statements and Exhibits
(d) Exhibits.

Exhibit No.Description
Arhaus, Inc. Investor Presentation
104Cover Page with Interactive Data File (embedded within the Inline XBRL document).






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 5th day of September, 2024.



ARHAUS, INC.
By:
/s/ Dawn Phillipson
Name:
Dawn Phillipson
Title:
Chief Financial Officer

 

 

 

 
$495 $507 $797 $1,229 $1,288 2019 2020 2021 2022 2023 11% 18% 18% 17% 19% 2019 2020 2021 2022 2023 4% 25% 45% 14% 8% 2019 2020 2021 2022 2023 $50 $69 $123 $223 $203 16% 2019 2020 2021 2022 2023 $176 $200 $330 $525 $540 43% 42% 2019 2020 2021 2022 2023

 
• Total addressable market of ~$100 billion • Highly fragmented and predominantly served by small local players • Premiumization of consumers – buyers from all income levels are shifting towards more premium purchases • Growth of digital and omni-channel favors larger players Source: Based on management estimates, third-party estimates of retail sales in 2021 and 2022, publicly available industry data and our internal research. 1Refers to the high-end home furniture industry, which we believe is the portion of the market with higher than industry average merchandise price points and quality. RAPIDLY GROWING & HIGHLY FRAGMENTEDU.S. PREMIUM HOME FURNITURE MARKET1 ~$100B <2% MARKET SHARE

 
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We are a differentiated concept, redefining the premium home furnishings market by offering an attractive combination of design, quality, value and convenience.

 

 

 
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TRADITIONAL SHOWROOM LOFT DESIGN STUDIO

 

 
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December 31, December 31, December 31, December 31, December 31, ($ in thousands) 2023 2022 2021 2020 2019 Net income $ 125,239 $ 136,634 $ 36,932 $ 17,040 $ 15,842 (+) Interest expense (income), net (3,351) 3,387 5,432 13,057 13,449 (+) Income tax expense (benefit) 43,450 45,944 (10,144) 783 368 (+) Depreciation and amortization 29,442 24,901 23,922 16,957 15,964 EBITDA $ 194,780 $ 210,866 $ 56,142 $ 47,837 $ 45,623 (+) Equity based compensation (1) 7,909 4,288 9,147 403 272 (+) Loss on extinguishment of debt - - 1,450 - - (+) Derivative expense (2) - - 44,544 17,928 - (+) Other expenses (3) 792 7,382 11,609 3,252 4,013 Adjusted EBITDA $ 203,481 $ 222,536 $ 122,892 $ 69,420 $ 49,908 Net revenue $ 1,287,704 $ 1,228,928 $ 796,922 $ 507,429 $ 494,538 Adjusted EBITDA margin 15.8% 18.1% 15.4% 13.7% 10.1% For the Year Ended

 
v3.24.2.u1
Cover
Sep. 05, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Sep. 05, 2024
Entity Registrant Name Arhaus, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-41009
Entity Tax Identification Number 87-1729256
Entity Address, Address Line One 51 E. Hines Hill Road
Entity Address, City or Town Boston Heights
Entity Address, State or Province OH
Entity Address, Postal Zip Code 44236
City Area Code 440
Local Phone Number 439-7700
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, $0.001 par value per share
Trading Symbol ARHS
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001875444
Document Information [Line Items]  
Entity Emerging Growth Company false
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