Haverty Furniture Q2 sales rise, profit doubles

Haverty Furniture Companies

04/08/2026 12:07

Overview
Home furnishings retailer's Q2 sales rose 7.7% yr/yr
Diluted EPS for Q2 doubled to $0.32 from $0.16 a year earlier
Company repurchased 723,000 shares, including 600,000 in a private transaction

Outlook
Company expects 2026 gross profit margin between 60.5% and 61.0%, unchanged from prior guidance
Company sees 2026 fixed and discretionary SG&A expenses at $307.0 mln to $309.0 mln, unchanged
Variable SG&A expenses for 2026 expected at 18.7% to 18.9% of sales, up from prior guidance

Result Drivers
MEMORIAL DAY SALES - Co said strong Memorial Day weekend performance, with double-digit average ticket growth, contributed to Q2 results
TARIFF REFUNDS - Gross margin benefited from about $1.5 mln in IEEPA tariff refunds
DESIGN CONSULTANTS - Increased contribution from design consultants, accounting for 36.5% of written business, up from 33.4% last year

Company press release: ID:nPn6Y3vNNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$194.90 mln
$189.19 mln (2 Analysts)
Q2 EPS
 
$0.32
 
Q2 Net Income
 
$5.30 mln
 
Q2 Gross Margin
 
61.40%
 
Q2 Gross Profit
 
$119.70 mln
 
Q2 Pretax Profit
 
$7.40 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $29.50, about 14.3% above its August 3 closing price of $25.82
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)