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Stock impact report

Q1 Earnings Review: Home Furniture Retailer Stocks Led by Williams-Sonoma (NYSE:WSM) [Yahoo! Finance]

Arhaus, Inc. (ARHS) 
Company Research Source: Yahoo! Finance
Furniture retailers understand that ‘home is where the heart is' but that no home is complete without that comfy sofa to kick back on or a dreamy bed to rest in. These stores focus on providing not only what is practically needed in a house but also aesthetics, style, and charm in the form of tables, lamps, and mirrors. Decades ago, it was thought that furniture would resist e-commerce because of the logistical challenges of shipping large furniture, but now you can buy a mattress online and get it in a box a few days later; so just like other retailers, furniture stores need to adapt to new realities and consumer behaviors. The 4 home furniture retailer stocks we track reported an ok Q1; on average, revenues beat analyst consensus estimates by 2.9%. while next quarter's revenue guidance was 4.7% below consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The Show less Read more
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