by During quarter, lifestyle retailer also completed 5 showroom projects including 1 opening and 4 relocations
BOSTON HEIGHTS, Ohio — Lifestyle retailer Arhaus reported a 5.5% increase in revenue for its first quarter ended March 31.
Net revenue totaled $311.4 million for the quarter, compared with $295.2 million the same period last year.
It also reported $4.9 million, or three cents per share in net income compared with $15.1 million or 11 cents per share the same period last year.
Gross margin, meanwhile totaled $115.6 million, or 37.1% of revenue compared with $115.05 million or 39% of revenue last year. SG&A expenses also rose to $110 million, up 13.9% compared with the same period last year.
During the quarter, the company also completed five showroom projects, including one new showroom opening and four relocations. Showroom highlights include:
+ Winter Park, Florida — A new traditional showroom opened in Winter Park Village, an upscale lifestyle center.
+ Sarasota, Florida — Here the company opened a relocated showroom in Center Point at Waterside.
+ Burlingame, California — Here, it relocated a showroom in downtown Burlingame it said is tailored to the local clientele.
In the first quarter 2025, the company had 103 showrooms across 30 states and all four geographic regions. Including its five projects in the first quarter, it expects to complete 12 to 15 total showroom projects this year, with four to six new showrooms, plus eight to nine relocations, remodels, or expansions.
“We’re pleased with our first quarter performance, which met our expectations despite continued macroeconomic volatility — underscoring the strength of our brand and the resilience of our business model,” said John Reed, co-founder and chief executive officer.
“As we look ahead, we’re focused on what we can control: executing with discipline, investing strategically, and expanding our showroom footprint to support long-term, profitable growth. In 2025, we plan to have 12 to 15 total showroom projects and expect to reduce China sourcing to approximately 1% of total receipts in the fourth quarter. While we revised our full-year outlook to reflect the broader uncertainty, we remain confident in our business — supported by a strong balance sheet, operational agility, and the momentum of our growth strategy. I’m proud of what we’ve accomplished and even more excited about the opportunities ahead.”
Other highlights during the quarter were as follows:
+ The company said it has no long-term debt.
+ It reported cash and cash equivalents of $214 million.
+ It reported inventory of $301 million, a 1.5% increase from December 31, 2024, to March 31.
+ It also said that client deposits totaled $263 million, up 19.2% from December 31, 2024, to March 31.
