EarningsQ2 2026 Earnings Report
MX:ARHS Q2 2026 EPS Results
Actual EPS$4.82
Consensus EPS$2.79
Beat/MissBeat by +$2.03
One Year Ago EPS$4.30
MX:ARHS Q2 2026 Revenue Results
Actual Revenue$6.63B
Expected Revenue$6.30B
Beat/MissBeat by +$331.28M
YoY Revenue Growth+7.38%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:ARHS Upcoming Earnings
Arhaus's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ARHS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and record revenue driven by broad‑based product demand, accelerating written sales, robust showroom expansion, improving inventory availability, a full tariff refund cash outcome, and continued execution on technology and channel initiatives. However, meaningful near‑term headwinds remain: tariffs (structural and ongoing), elevated fuel and shipping costs, and intentional SG&A/technology investments that depress near‑term margins. Management maintained prudent full‑year revenue guidance while updating profitability to reflect the one‑time tariff recovery and deliberate reinvestment of a portion of that benefit. On balance, the positive operational achievements, cash position, tariff refund realization, and beating guidance outweigh the cost pressures and near‑term profitability noise.Company Guidance
Record Net Revenue
Net revenue of $385.0M in Q2 2026, up 7.4% year‑over‑year and above the high end of guidance — the highest net revenue in company history.
Acceleration in Written and Delivered Sales
Comparable written sales increased 12.5% in the quarter (year‑to‑date comparable written sales +2.8%); comparable delivered sales increased 4% in Q2 (YTD comparable delivered sales +1.4%), exceeding the high end of guidance for delivered sales.
Profitability and Earnings Beats (Including One‑time Items)
Gross profit $172.0M (+16.1% YoY); gross margin 44.7% (+330 bps YoY). Net income $40.0M (+13.1% YoY). Adjusted EBITDA $70.0M (+16.8% YoY), all above the high end of guidance.
IEEPA Tariff Refund Recognized and Received
Recognized a $23.8M benefit in cost of goods sold related to recovery of previously paid IEEPA tariffs (split: $15.5M related to inventory sold prior to April 2026; $8.3M related to inventory sold in the quarter). Company received a full tariff refund in cash (initial cash of $5.1M reported in quarter and subsequent receipt confirmed).
Strong Liquidity and Deposits
Ended Q2 with $226M in cash and cash equivalents. Client deposits approximately $264M, up 11.8% YoY, reflecting strong written demand.
Improving Inventory Position
Net merchandise inventory $354M (up 4.3% from Dec 31, 2025) with aged inventory down sequentially and year‑over‑year; best‑seller inventory improved and in‑stock levels strengthened across the network.
Showroom Expansion and Channel Momentum
Opened nearly 20,000 sq ft showroom in Ashburn, VA; relocated Westlake, OH and Charlotte, NC (Charlotte ~35,000 sq ft); expanded Park Meadows (Lone Tree, CO). Company expects ~10–14 showroom projects in 2026 and reports broad‑based showroom performance across regions and formats.
Trade & Interior Design Programs Gaining Traction
Relaunched trade program showing strong early response (thousands of new trade members monthly), and interior design channel continued to drive larger, higher‑value projects and deeper client engagement.
Operational and Technology Progress
Launched TMS; ERP and OMS implementations on track for Feb 2027 go‑live; pulled forward modern POS implementation to Q4 2026 — expected to improve selling capabilities and drive future productivity.
Updated Full‑Year Guidance and Capital Allocation
Maintained FY net revenue guidance of $1.43B–$1.47B (+3.7% to +6.6% YoY). Updated profitability guidance reflecting tariff recovery: net income $71M–$80M and adjusted EBITDA $160M–$171M. Company will reinvest a portion of tariff recoveries into marketing/catalogs and technology ($7M–$10M of incremental investments in 2026).
MX:ARHS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed