Arhaus reported third quarter 2026 net revenue of $368 million, representing 6.8% year-over-year growth, though it fell slightly short of the $370.3 million analyst estimate. The company saw a significant disconnect between written demand and recognized revenue, with comparable delivered sales growth of 2.6% missing the 7.4% consensus, resulting in a diluted EPS of $0.05.
Key Highlights
- Comparable Written Sales grew 13.9% in the quarter, driving client deposits to $325 million, a 37.7% increase since the beginning of the fiscal year.
- Comparable Delivered Sales growth of 2.6% significantly trailed expectations, reflecting timing lags in converting a high-demand written backlog into recognized revenue.
- Management raised the full-year 2026 net revenue guidance to a range of $1.465 to $1.485 billion but maintained its Adjusted EBITDA outlook due to persistent fuel, transportation, and marketing cost pressures.