IMMEDIATE CALL POSTMORTEMS
The first take, while it still matters.
After earnings, most sell-side research takes a day or more to publish, and much of it repeats the press release. An Immediate Call Postmortem is our unfiltered first read: posted on X within minutes of the call ending, then archived here and on Substack. It’s free, it’s short, and it focuses on what actually changed. We only write one when a call gives us something worth saying, and a much more thoughtful Upon Further Review report tends to follow within 3–5 business days.
Why speed matters: read Confessions of a Sell-Side Analyst →
Arhaus 4Q25 Immediate Call Postmortem
High level it seems the story is Arhaus doesn’t want to be like all the other shitty furniture retailers and instead wants to break out of the group’s reputation like Williams Sonoma did.
Arhaus 2Q25 Immediate Call Postmortem
Really feels like a lot of the upside this quarter was a one-off due to Dallas opening earlier than expected. They called out the 20 pt gap between 1Q written and 1Q delivered as an example of what that looked like.