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DE
Arhaus Q2 Earnings Call Highlights
['Joseph Griffin']
Ticker Report
Arhaus said its results included an unplanned benefit from refunds of tariffs paid under the International Emergency Economic Powers Act.
During the quarter, the company recognized a $23.8 million benefit in cost of goods sold from the tariff recovery.
Arhaus also recorded $14 million, primarily from lower inventory costs, within merchandise inventory.
Lee said Arhaus saw strength in average order value, units per transaction, and orders above $10,000, $25,000 and $100,000.
Reed said Arhaus has added thousands of new trade members each month since the program’s launch a few months ago.