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Stock impact report

Q2 Earnings Highs And Lows: Arhaus (NASDAQ:ARHS) Vs The Rest Of The Home Furniture Retailer Stocks [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 a strong Q2. As a group, revenues missed analysts' consensus estimates by 1% while next quarter's revenue guidance was 7.2% below. Inflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut i Show less Read more
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