Arhaus (NASDAQ: ARHS) shares have been under heavy pressure since the high-end home furnishings company reported first-quarter earnings on May 7. Although the company posted record net revenue for a first quarter, investors seemed to focus on weakening comparable sales and margin pressure, largely stemming from severe weather and softer demand amid broader macroeconomic uncertainty.
The decline extended what has already been a difficult stretch for the stock, which has fallen nearly 70% since hitting an all-time high above $19 about two years ago.
