Arhaus Lifts Guidance as CFO Phillipson Departs

Dow Jones

09 Jan

By Dean Seal

Arhaus raised its full-year revenue outlook as business picked up in the final stretch of 2024, and separately said its chief financial officer is stepping down.

The home furnishings retailer said Wednesday that CFO Dawn Phillipson is leaving to pursue another career opportunity outside of the home furnishings industry. An external search for her successor is under way.

The Boston Heights, Ohio-based company also said it now expects $1.27 billion to $1.28 billion in revenue for fiscal 2024, up from previous guidance for $1.23 billion to $1.25 billion.

The company had forecast $1.33 billion to $1.37 billion in fiscal 2024 revenue when it reported the prior year's results in March. Arhaus slashed that target to $1.25 billion to $1.29 billion after second-quarter results were released in August, and trimmed it further following third-quarter results in November.

Chief Executive John Reed said the business picked up momentum in the final quarter of the year, with comparable sales growth of about 6% despite a small decline in October.

The company is now on track for an 8% to 9% decline in full-year comparable sales, which is better than its previous outlook for an 11% to 12% drop and comes as the company laps abnormal backlog deliveries a year ago.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 08, 2025 18:00 ET (23:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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An external search for her successor is under way. \n</p>\n<p>\n  The Boston Heights, Ohio-based company also said it now expects $1.27 billion to $1.28 billion in revenue for fiscal 2024, up from previous guidance for $1.23 billion to $1.25 billion. \n</p>\n<p>\n  The company had forecast $1.33 billion to $1.37 billion in fiscal 2024 revenue when it reported the prior year's results in March. Arhaus slashed that target to $1.25 billion to $1.29 billion after second-quarter results were released in August, and trimmed it further following third-quarter results in November. \n</p>\n<p>\n  Chief Executive John Reed said the business picked up momentum in the final quarter of the year, with comparable sales growth of about 6% despite a small decline in October. \n</p>\n<p>\n  The company is now on track for an 8% to 9% decline in full-year comparable sales, which is better than its previous outlook for an 11% to 12% drop and comes as the company laps abnormal backlog deliveries a year ago. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 18:00 ET (23:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arhaus Lifts Guidance as CFO Phillipson Departs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArhaus Lifts Guidance as CFO Phillipson Departs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-09 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Arhaus raised its full-year revenue outlook as business picked up in the final stretch of 2024, and separately said its chief financial officer is stepping down. \n</p>\n<p>\n  The home furnishings retailer said Wednesday that CFO Dawn Phillipson is leaving to pursue another career opportunity outside of the home furnishings industry. 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Arhaus slashed that target to $1.25 billion to $1.29 billion after second-quarter results were released in August, and trimmed it further following third-quarter results in November. \n</p>\n<p>\n  Chief Executive John Reed said the business picked up momentum in the final quarter of the year, with comparable sales growth of about 6% despite a small decline in October. \n</p>\n<p>\n  The company is now on track for an 8% to 9% decline in full-year comparable sales, which is better than its previous outlook for an 11% to 12% drop and comes as the company laps abnormal backlog deliveries a year ago. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 18:00 ET (23:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARHS","symbol_name":"Arhaus, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502208286","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502208286","pubTimestamp":1736377200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Arhaus raised its full-year revenue outlook as business picked up in the final stretch of 2024, and separately said its chief financial officer is stepping down.The home furnishings retailer said Wednesday that CFO Dawn Phillipson is leaving to pursue another career opportunity outside of the home furnishings industry. An external search for her successor is under way.The Boston Heights, Ohio-based company also said it now expects $1.27 billion to $1.28 billion in revenue for fiscal 2024, up from previous guidance for $1.23 billion to $1.25 billion.The company had forecast $1.33 billion to $1.37 billion in fiscal 2024 revenue when it reported the prior year's results in March. Arhaus slashed that target to $1.25 billion to $1.29 billion after second-quarter results were released in August, and trimmed it further following third-quarter results in November.Chief Executive John Reed said the business picked up momentum in the final quarter of the year, with comparable sales growth of abo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARHS":"Arhaus, Inc."},"translate_title":"首席财务官菲利普森离职后，阿尔豪斯上调指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARHS":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Arhaus raised its full-year revenue outlook as business picked up in the final stretch of 2024, and separately said its chief financial officer is stepping down. \n\n\n  The home furnishings retailer said Wednesday that CFO Dawn Phillipson is leaving to pursue another career opportunity outside of the home furnishings industry. An external search for her successor is under way. \n\n\n  The Boston Heights, Ohio-based company also said it now expects $1.27 billion to $1.28 billion in revenue for fiscal 2024, up from previous guidance for $1.23 billion to $1.25 billion. \n\n\n  The company had forecast $1.33 billion to $1.37 billion in fiscal 2024 revenue when it reported the prior year's results in March. Arhaus slashed that target to $1.25 billion to $1.29 billion after second-quarter results were released in August, and trimmed it further following third-quarter results in November. \n\n\n  Chief Executive John Reed said the business picked up momentum in the final quarter of the year, with comparable sales growth of about 6% despite a small decline in October. \n\n\n  The company is now on track for an 8% to 9% decline in full-year comparable sales, which is better than its previous outlook for an 11% to 12% drop and comes as the company laps abnormal backlog deliveries a year ago. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2025 18:00 ET (23:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}