ARHS - Arhaus Inc. (ARHS) Q1 2024 Earnings Call Transcript
2024-05-09 15:44:02 ET
Arhaus, Inc. (ARHS)
Q1 2024 Earnings Conference Call
May 09, 2024, 08:30 ET
Company Participants
Wendy Watson - SVP, Investor Relations
John Reed - Chairman, President, Chief Executive Officer, Founder
Dawn Sparks - Chief Logistics Officer
Jennifer Porter - Chief Marketing Officer
Conference Call Participants
Julio Marquez - Guggenheim Partners
Jeremy Hamblin - Craig Hallum
Simeon Gutman - Morgan Stanley
Cristina Fernandez - Telsey Advisory Group
Jeffrey Walter - Jefferies
Justin Kleber - Robert W. Baird & Co.
Max Rakhlenko - TD Cowen
Peter Keith - Piper Sandler
Presentation
Operator
Good afternoon, and welcome to the Arhaus First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I will now turn the conference over to Wendy Watson. Wendy Watson, please go ahead.
Wendy Watson
Good morning and thank you for joining the Arhaus first quarter 2024 earnings call. And with me are John Reed, Co-Founder, Chairman and Chief Executive Officer; and Dawn Phillipson, Chief Financial Officer. After your prepared remarks, they will be joined by Jen Porter, our Chief Marketing and eCommerce Officer, for the Q&A session.
During Q&A, please limit to one question and one follow-up. If you have additional questions, please return to the queue. We issued our earnings press release for the quarter ended March 31, 2024 before market opened today. As a reminder, remarks today concerning future expectations, events, objectives, strategies, trends or results constitute forward-looking statements. Actual results or events may differ materially due to a number of risks and uncertainties.
For a summary of these risk factors and additional information, please refer to this morning's press release and the cautionary statements and risk factors described in our most recent annual report on Form 10-K and subsequent 10-Q as such factors may be updated from time to time in our filings with the SEC. Forward-looking statements are made as of today's date and except as may be required by law, the company undertakes no obligation to revise or update these statements. We will also refer to certain non-GAAP financial measures in this morning's press release includes the relevant non-GAAP reconciliations. A replay of this call will be available on our website within 24 hours.
Now I will turn the call over to John.
John Reed
Good morning, everyone, and welcome to the Arhaus first quarter conference call. I wanted to begin the call today by congratulating our team on a solid start to 2024 and for staying focused on executing our key priorities, both large and small, that are driving and supporting our four-pronged strategic growth strategy.
The market opportunities we have is substantial, and we have a proven strategy with established initiatives to capitalize on it. We are highly motivated to execute on these initiatives, increasing brand awareness, expanding our showroom base, enhancing our omnichannel capabilities and technology, and investing to upgrade our infrastructure, improve our business tools and support our growth.
Our ongoing commitment to build on our progress across these initiatives is paying clear dividends through sustained results quarter after quarter. At the same time, our debt-free balance sheet and the flexibility it affords us remains a competitive advantage as we maintain our focus on expense control and prudent capital deployment....
Arhaus, Inc. (ARHS) Q1 2024 Earnings Call Transcript