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Financial, Retail

Havertys Furniture Reports Operating Results for Second Quarter 2026

Company states second quarter results are the fourth consecutive quarter of written, delivered and comp-store sales growth.

8/4/2026
ATLANT -- Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), today reported operating results for the second quarter ended June 30, 2026.

Steven G. Burdette, president and CEO said, "Our second quarter results reflect the sustained momentum in our business, marked by a fourth consecutive quarter of written, delivered and comp-store sales growth. We posted a strong Memorial Day weekend performance, with average tickets up double-digits. Gross margins expanded to 61.4%, which included the benefit of approximately $1.5 million in IEEPA tariff refunds.

We also advanced our strategic growth initiatives with the openings of two stores, Fenton, Missouri and Mt. Juliet, Tennessee. We are on track to open five additional stores and complete one relocation, increasing our store count to 133 at year-end. Our upcoming entry into Pittsburgh, Pennsylvania will extend our footprint to 18 states, consistent with our long-term growth strategy.

This quarter's results underscore our commitment to an exceptional customer experience and disciplined execution across the business. Our strong balance sheet and gross margins, strengthening design business, average-ticket growth, and investments in new markets give us confidence entering the second half of the year."

Second Quarter 2026 versus Second Quarter 2025:

• Diluted earnings per common share ("EPS") of $0.32 versus $0.16.
• Consolidated sales increased 7.7% to $194.9 million.
• Comparable store sales increased 8.0%.
• Gross profit margin was 61.4% compared to 60.8%.
• Excluding the impact of approximately $1.5 million in IEEPA tariff refunds, gross margin was 60.7% in 2026 compared to 60.8% in 2025.

Second Quarter ended June 30, 2026 Compared to Same Period of 2025

• Total sales up 7.7%, comp-store sales up 8.0% for the quarter. Total written business increased 12.6% and comp-store written business increased 12.3% for the quarter.
• Design consultants accounted for 36.5% of written business in 2026 and 33.4% in 2025.
• Gross profit margins increased to 61.4% in 2026 from 60.8% in 2025.
• SG&A expenses were 58.0% of sales versus 59.3% and increased $5.8 million. The primary drivers of this change are:
increase in selling expense of $3.1 million primarily due to higher commissioned-based compensation and third-party credit costs
increase in administrative expenses of $2.8 million primarily from increased salaries, performance-based incentive compensation and related benefits.

Balance Sheet and Cash Flow for the Six Months Ended June 30, 2026

• Cash, cash equivalents, and restricted cash equivalents at June 30, 2026 are $111.0 million.
• Invested $13.1 million in capital expenditures.
• Purchased approximately 723,000 shares of common stock for $16.6 million.
• In June 2026, the Company repurchased 600,000 shares of its common stock for approximately $13.9 million in a privately negotiated transaction.
• Paid $10.6 million in quarterly cash dividends.
• No debt outstanding at June 30, 2026, and credit availability of $100 million.
•Effective June 29, 2026, the Company's revolving credit facility was amended to increase the borrowing capacity from $80 million to $100 million.

Read the full investor report here.
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