Haverty Furniture Q1 sales rise 4.1%, EPS up

Haverty Furniture Companies

05/05/2026 11:53

Overview

US home furnishings retailer's Q1 sales rose 4.1% yr/yr; diluted EPS increased to $0.26

Comparable store sales grew 4.3%, gross profit margin improved to 61.5%

Company cites strong Presidents Day demand and growth in design program as performance drivers

Outlook

Company expects 2026 gross profit margin between 60.5% and 61.0%, unchanged from prior guidance

Haverty Furniture anticipates 2026 fixed and discretionary SG&A expenses of $307.0-$309.0 mln, unchanged

Company plans 2026 capital expenditures of $34.0 mln, an increase due to store growth

Result Drivers

PRESIDENTS DAY DEMAND - Co said strong demand during Presidents Day drove sales and written business growth

DESIGN PROGRAM - Increased contribution from design consultants, with designer average tickets more than double overall average and accounting for 35.3% of written business

GROSS MARGIN EXPANSION - Gross profit margin rose to 61.5% from 61.2%, contributing to improved profitability

Company press release: ID:nACSJk3hJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$189.1 mln
$191.99 mln (2 Analysts)
Q1 EPS
$0.26
Q1 Net Income
$4.3 mln
Q1 Gross Margin
61.5%
Q1 Gross Profit
$116.2 mln
Q1 Pretax Profit
$6 mln


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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.)