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Retail

Havertys Furniture Reports Operating Results for Second Quarter 2025

Company reports that in the second quarter of 2025, it delivered year-over-year sales growth for the first time since the fourth quarter of 2022.

8/1/2025
ATLANTA -- Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A), today reported operating results for the second quarter ended June 30, 2025.

Second Quarter 2025 versus Second Quarter 2024:

• Diluted earnings per common share ("EPS") of $0.16 versus $0.27.

• Consolidated sales increased 1.3% to $181.0 million. Comparable store sales decreased 2.3%.

• Gross profit margin was 60.8% compared to 60.4%.

Steven G. Burdette, President and CEO said, "In the second quarter of 2025, we delivered year-over-year sales growth for the first time since the fourth quarter of 2022, while also achieving strong gross margins, positive traffic trends, and improved conversion rates. Although we continue to navigate a challenging environment, including a soft housing market, low consumer confidence, and tariff uncertainty, we are encouraged by the positive sales and operational trends we are seeing across our business. Our improved sales results reflect the effectiveness of our new marketing and promotional strategies, the dedication of our teams, and the value of the experience we've gained in our 140-year history."

Second Quarter ended June 30, 2025 Compared to Same Period of 2024

• Total sales up 1.3%, comp-store sales down 2.3% for the quarter. Total written business increased 0.4% and comp-store written business decreased 2.1% for the quarter.

• Design consultants accounted for 33.4% of written business in 2025 and 36.0% in 2024.

• Gross profit margins increased to 60.8% in 2025 from 60.4% in 2024.

• SG&A expenses were 59.3% of sales versus 57.7% and increased $4.2 million. The primary drivers of this change are:

• increase in administrative expenses of $3.4 million primarily from increased salaries, performance-based incentive compensation and stock compensation costs.

• increase in occupancy costs of $1.5 million largely due to costs related to new locations.

• increase in advertising costs of $1.1 million driven by increased spending on television and interactive marketing.

• decrease in warehouse and delivery costs of $1.1 million driven by lower salaries and related benefit costs.

See the full report here.
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