Daily News
From Home Furnishing Business
Arhaus, Inc. CFO Stepping Down to Pursue Career Opportunity
January 9,
2025 by Karen Parrish in Business Strategy, Industry 
Arhaus, Inc., a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, announced that Dawn Phillipson, Chief Financial Officer, is stepping down from her role to pursue another career opportunity outside of the home furnishings industry.
“On behalf of Arhaus, I want to thank Dawn for her significant contributions over the past nine years,” said John Reed. “Her leadership has been instrumental in our company's growth and success. Dawn is supported by a talented, experienced finance team that will continue to serve the company and its shareholders. We thank Dawn for all her efforts and wish her well in her new role.”
Dawn Phillipson said, “It has been a privilege to work as part of the Arhaus team and I am very proud of the milestones we have achieved over the past several years, along with the progress Arhaus has made, and will continue to make, in delivering incredible product and Showroom experiences to its clients. Arhaus is well positioned to continue driving its growth initiatives with a strong balance sheet, clear strategic direction and dedicated team.”
An external search for her successor is actively underway.
Updated Fourth Quarter & Full Year 2024 Net Revenue Expectations
Arhaus, Inc. also announced updated expectations for the Company’s fourth quarter and full year 2024 net revenue, comparable growth and demand comparable growth.
John Reed, Co-Founder and Chief Executive Officer, said, “We are pleased with the momentum in our business in the fourth quarter, with demand comparable growth(2) of approximately 6% despite a low-single-digit demand comp decline in October. This performance reflects the strength of our product offerings and the effectiveness of our marketing campaigns."
"As a result of this momentum, we are raising our net revenue expectations for full year 2024 to $1.27 billion to $1.28 billion, an increase of approximately $35 million versus prior expectations. While comparable growth(1) is expected to decline between 9% to 8% as we lap last year’s abnormal backlog deliveries, this reflects an improvement compared to our prior expectations."
“Looking ahead, we are excited about the opportunities for growth as we continue to source new product offerings, expand our showroom footprint, accelerate our brand awareness, and enhance our omni-channel capabilities while making the necessary investments to support our growth.”
"The information below presents our updated expectations for selected full year 2024 financial results and implied fourth quarter 2024 expectations derived from the outlook."
Full Year 2024, Net Revenue Current Guidance - $1.27 billion to $1.28 billion and Previous Guidance - $1.23 billion to $1.25 billion; Comparable growth - (9%) — (8%) to (12%) — (11%)