On this page of StockholderLetter.com we present the latest annual shareholder letter from Arhaus, Inc. — ticker symbol ARHS. Reading current and past ARHS letters to shareholders can bring important insights into the investment thesis.

 •  4/10/2025 Letter Continued (Full PDF)
 •  3/30/2023 ARHS Stockholder Letter
 •  3/28/2024 ARHS Stockholder Letter
 •  More "Home Furnishing Stores" Category Stockholder Letters
 •  ARHS Benford's Law Stock Score = 61

ARHS Shareholder/Stockholder Letter Transcript:

2024 ANNUAL REPORT


THE MAKING WE
WERE MEANT FOR
The absence of compromise creates an uncommon commitment.
One where time is taken and every material is thoughtfully chosen.
Together with our artisan partners near and far, we uphold the values
that set us apart   heirloom quality, exceptional comfort,
and impeccable design   as we have since 1986.
Cutters of fabric and leather. Sculptors of wood. Carvers of stone.
In studios and workshops around the world, our dedicated artisan
partners lovingly craft our collections to last.
Photos at left: The Arhaus Upholstery team, Conover, NC; Lynne, Utility Sewer, North Carolina; John Reed, Arhaus Founder, Chairman & CEO;
Darren, Upholsterer, North Carolina; Antonia, Artist, Mexico; Rino, Studio Owner & Artist, Italy

IMMERSIVE INSPIRATION:
THE ARHAUS SHOWROOM
From the moment you walk through the doors, you see it. You feel it.
Visiting an Arhaus showroom is an experience unlike any other. Exquisite, heirloom-quality collections,
crafted by artisans around the world, fill every space. Carefully curated and layered together, they wait to inspire.
Our industry-leading Interior Designers are waiting here, too. Always ready to help solve challenges,
answer questions, and provide guidance, their passion and expertise define and differentiate our brand.
We believe retail is theater   and it   s where the Arhaus experience begins. Retail is inspiration, discovery,
and delight. An opportunity to find and to feel. A place to dream.
In 2024, we achieved record growth   with 16 showroom projects   11 new openings and
5 strategic relocations   marking our largest single-year growth in company history. We also reached
an important milestone, growing from 92 to 103 locations and celebrating our 100th showroom opening.
Building on our strong growth foundation, our long-term goal is to reach 165 Traditional Showroom locations.
TRADITIONAL - 85
STUDIOS - 11
LOFTS - 7
Studios and showrooms featured: Peachtree City, Georgia; The Grove, Los Angeles; Naples, Florida; Topanga, California
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2
Record Growth: Defined as the highest number of combined new showroom openings and strategic relocations in a single year.
2024 A N N UA L R EP O RT




 4/10/2025 Letter Continued (Full PDF)