The rating change followed second-quarter results that showed 7.4% year-over-year net revenue growth, a 12.5% rise in comparable sales and earnings per share of $0.28, beating estimates by 75%.
Craig-Hallum raised Arhaus to Buy from Hold after the company posted strong second-quarter results, highlighted by record net revenue of approximately $385 million and earnings per share of $0.28. Net revenue rose 7.4% from a year earlier, while comparable sales increased 12.5% and EPS came in 75% above estimates. Gross margin also expanded 16.1%, pointing to stronger operating performance and demand momentum in the quarter.