Havertys Furniture Reports Operating Results for Third Quarter 2026
Tariff refunds lifted gross margin, while higher delivery, transportation and third-party credit costs raised the variable expense outlook.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Haverty Furniture Companies (HVT) reported third-quarter 2026 diluted common earnings per share of $0.39, up from the year-earlier quarter. Sales rose 4.5% to $203.2 million, comparable-store sales increased 4.1%, and EPS compared with $0.28. Net income increased to $6.3 million from $4.7 million. Gross margin reached 62.3% versus 60.3%, including approximately $3.2 million in tariff refunds; excluding refunds, it was 60.7%.
Selling, general and administrative expenses rose to 58.6% of sales from 57.8%. Nine-month operating cash flow increased to $52.4 million from $45.3 million, while free cash flow declined to $29.4 million from $30.0 million. Cash, including restricted cash equivalents, totaled $127.0 million at September 30, with no debt outstanding. Havertys raised its expected 2026 gross margin to 61.3%–61.5% following tariff refunds, but also raised its variable expense outlook.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter diluted common EPS increased to $0.39 from $0.28 year over year.
- Moderate pointThird-quarter sales rose 4.5% to $203.2 million; comparable-store sales increased 4.1%.
- Moderate pointThird-quarter net income increased to $6.3 million from $4.7 million year over year.
- Moderate pointThird-quarter gross margin reached 62.3% versus 60.3%, including approximately $3.2 million in tariff refunds.
- Moderate pointNine-month operating cash flow increased to $52.4 million from $45.3 million year over year.
- Moderate pointShare repurchases totaled $16.6 million for approximately 723,000 common shares during the first nine months. 3.6% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Havertys raised expected 2026 gross margin to 61.3%–61.5% following tariff refunds.
12 minor points
- Minor pointThird-quarter gross margin excluding tariff refunds was 60.7% versus 60.3%.
- Minor pointThird-quarter written business increased 2.8%; comparable-store written business rose 2.3%.
- Minor pointNine-month sales increased to $587.1 million from $557.1 million year over year.
- Minor pointNine-month diluted common EPS rose to $0.97 from $0.68 year over year.
- Minor pointNine-month net income increased to $15.9 million from $11.2 million year over year.
- Minor pointNine-month gross margin increased to 61.7% from 60.8% year over year.
- Minor pointNine-month sales per square foot increased to $178 from $164 year over year.
- Minor pointNine-month average ticket increased to $3,838 from $3,459 year over year.
- Minor pointThird-quarter common dividend per share increased to $0.33 from $0.32; Class A increased to $0.31 from $0.30.
- Minor pointSeptember 30 liquidity included no debt outstanding and $100 million in credit availability.
- Minor point. Forward-looking: it has not happened yet and may not happen.Havertys plans five fourth-quarter store openings, including entry into Pittsburgh, Pennsylvania.
- Minor point. Forward-looking: it has not happened yet and may not happen.Havertys maintains planned 2026 capital expenditures of approximately $34.0 million.
Negative
- Moderate pointThird-quarter selling, general and administrative expenses rose to $119.030 million from $112.329 million year over year.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Havertys raised expected 2026 variable selling, general and administrative expenses to 19.2%–19.4% on higher costs.
- Minor pointThird-quarter expense ratio increased to 58.6% of sales from 57.8% year over year.
- Minor pointNine-month free cash flow declined to $29.4 million from $30.0 million year over year.
- Minor pointSeptember 30 cash, including restricted cash equivalents, declined to $127.0 million from $137.0 million year over year.
2 minor points
- Minor pointNine-month net interest income declined to $2.872 million from $3.888 million year over year.
- Minor pointNoncurrent lease liabilities increased to $197.308 million from $180.450 million at December 31, 2025.
News Explained
At quarter-end, Havertys reported one hundred million dollars of credit availability, separate from one hundred twenty-seven million dollars in cash and restricted cash.
The third-quarter report records completed nine-month cash returns: Havertys repurchased approximately 723,000 common shares for
At
Key Figures
- Diluted EPS
- $0.39 vs. $0.28
- Third quarter 2026 vs. third quarter 2025
- Consolidated sales
- $203.2 million (+4.5%)
- Third quarter 2026 vs. third quarter 2025
- Comparable-store sales
- +4.1%
- Third quarter 2026 vs. third quarter 2025
- Gross profit margin
- 62.3% vs. 60.3%
- Third quarter 2026 vs. third quarter 2025; includes IEEPA tariff refunds
- Gross margin excluding tariff refunds
- 60.7% vs. 60.3%
- Third quarter 2026 vs. third quarter 2025
- 2026 gross margin guidance
- 61.3%–61.5%
- Raised from previous guidance due to IEEPA tariff refunds
- 2026 variable SG&A guidance
- 19.2%–19.4% of sales
- Increased from previous guidance
Previous Earnings Reports
-
Q2 reported 61.4% gross margin and 60.7% excluding refunds, with 2026 margin guidance at 60.5%–61.0%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ieepa regulatory
gaap financial
ebitda financial
lifo financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Third Quarter 2026 versus Third Quarter 2025:
- Diluted earnings per common share ("EPS") of
versus$0.39 .$0.28 - Consolidated sales increased
4.5% to .$203.2 million - Comparable store sales increased
4.1% . - Gross profit margin was
62.3% compared to60.3% . - Excluding the impact of approximately
in IEEPA tariff refunds, gross margin was$3.2 million 60.7% in 2026 compared to60.3% in 2025.
Steven G. Burdette, President and CEO said, "Our team delivered another quarter of growth, extending our positive momentum in written and delivered comp-store sales against tougher year-over-year comparisons. We did so while navigating a soft housing market, higher fuel prices, higher interest rates, continued geopolitical issues, and rising input costs. Gross profit margin was
We are energized by our five store openings in the fourth quarter, highlighted by our entry into
As we close out the year, we remain focused on what matters most: executing with discipline and creating long-term value for our team members and shareholders."
Third Quarter ended September 30, 2026 Compared to Same Period of 2025
- Total sales up
4.5% , comp-store sales up4.1% for the quarter. Total written business increased2.8% and comp-store written business increased2.3% for the quarter. - Design consultants accounted for
34.6% of written business in 2026 and34.2% in 2025. - Gross profit margins increased to
62.3% in 2026 from60.3% in 2025. - SG&A expenses were
58.6% of sales versus57.8% and increased . The primary drivers of this change are:$6.7 million - increase in selling expense of
primarily due to higher sales commissions and third-party credit costs$1.8 million - increase in administrative expenses of
, driven primarily by stock-based compensation expense subject to accelerated recognition during the quarter, and higher performance-based incentive compensation and group insurance costs.$4.1 million
- increase in selling expense of
Balance Sheet and Cash Flow for the Nine Months Ended September 30, 2026
- Cash, cash equivalents, and restricted cash equivalents at September 30, 2026 were
.$127.0 million - Invested
in capital expenditures.$23.0 million - Purchased approximately 723,000 shares of common stock for
.$16.6 million - Paid
in quarterly cash dividends.$15.8 million - No debt outstanding at September 30, 2026, and credit availability of
.$100 million
Expectations and Other
- Our 2026 guidance includes tariffs currently in effect as of November 4, 2026 but excludes future IEEPA tariff refunds that may be received for indirectly sourced products. We are actively monitoring tariff developments to manage our exposure and minimize the effects on our business.
- Our expectations for gross profit margins for 2026 are between
61.3% to61.5% , an increase from our previous guidance due to the receipt of IEEPA tariff refunds. Gross profit margins fluctuate quarter to quarter in relation to our promotional cadence. - Fixed and discretionary expenses within SG&A for the full year of 2026 are expected to be in the
to$307.0 range, unchanged from our previous guidance.$309.0 million - Variable SG&A expenses for the full year of 2026 are anticipated to be in the
19.2% to19.4% range, an increase from our previous guidance due to higher delivery, transportation, and third-party credit costs. - Our effective tax rate for 2026 is expected to be
26.0% , excluding the impact from discrete items and any new tax legislation. - Planned capital expenditures for the full year of 2026 are approximately
, unchanged from our previous guidance.$34.0 million
Key Results
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(amounts in millions, except per share amounts) |
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Results of Operations |
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Three Months Ended |
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Nine Months Ended |
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2026 |
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2025 |
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2026 |
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2025 |
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Sales |
$ |
203.2 |
|
$ |
194.5 |
|
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$ |
587.1 |
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$ |
557.1 |
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Gross Profit |
|
126.6 |
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117.3 |
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362.5 |
|
338.4 |
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Gross profit as a % of sales |
|
62.3 |
% |
60.3 |
% |
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|
61.7 |
% |
60.8 |
% |
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SGA |
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Variable |
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39.3 |
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36.4 |
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113.2 |
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103.5 |
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Fixed |
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79.8 |
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75.9 |
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230.3 |
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223.4 |
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Total |
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119.1 |
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112.3 |
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343.5 |
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326.9 |
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SGA as a % of sales |
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Variable |
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19.3 |
% |
18.7 |
% |
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19.3 |
% |
18.6 |
% |
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Fixed |
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39.3 |
% |
39.1 |
% |
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39.2 |
% |
40.1 |
% |
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Total |
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58.6 |
% |
57.8 |
% |
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58.5 |
% |
58.7 |
% |
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Pre-tax income |
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8.6 |
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6.4 |
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21.9 |
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16.0 |
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Pre-tax income as a % of sales |
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4.2 |
% |
3.3 |
% |
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3.7 |
% |
2.9 |
% |
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Net income |
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6.3 |
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4.7 |
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15.9 |
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11.2 |
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Net income as a % of sales |
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3.1 |
% |
2.4 |
% |
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2.7 |
% |
2.0 |
% |
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Diluted earnings per share ("EPS") |
$ |
0.39 |
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$ |
0.28 |
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$ |
0.97 |
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$ |
0.68 |
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Other Financial and Operations Data |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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EBITDA (in millions)(1) |
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$ |
37.5 |
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$ |
30.0 |
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Sales per square foot |
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$ |
178 |
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$ |
164 |
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Average ticket |
|
$ |
3,838 |
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$ |
3,459 |
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Liquidity Measures |
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Nine Months Ended |
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Nine Months Ended |
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Free Cash Flow (1) |
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2026 |
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2025 |
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Cash Returns to Shareholders |
|
2026 |
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2025 |
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Operating cash flow |
|
$ |
52.4 |
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$ |
45.3 |
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Share repurchases |
|
$ 16.6 |
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$ |
2.0 |
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Dividends |
|
15.8 |
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15.5 |
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Capital expenditures |
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(23.0) |
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(15.3) |
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Cash returns to shareholders |
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$ 32.4 |
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$ |
17.5 |
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Free cash flow |
|
$ |
29.4 |
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$ |
30.0 |
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Cash at period end |
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$ |
127.0 |
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$ |
137.0 |
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(1) See the reconciliation of the non-GAAP metrics at the end of the release. |
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HAVERTY FURNITURE COMPANIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
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(In thousands, except per share data) |
Three Months Ended |
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Nine Months Ended |
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2026 |
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2025 |
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2026 |
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2025 |
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Net sales |
$ |
203,153 |
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$ |
194,484 |
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$ |
587,144 |
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$ |
557,076 |
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Cost of goods sold (exclusive of depreciation and amortization) |
76,568 |
|
77,220 |
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224,611 |
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218,627 |
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Gross profit |
126,585 |
|
117,264 |
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362,533 |
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338,449 |
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Expenses: |
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Selling, general and administrative |
119,030 |
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112,329 |
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343,469 |
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326,864 |
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Other (income) expense, net |
(20) |
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(348) |
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1 |
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(571) |
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Total expenses |
119,010 |
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111,981 |
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343,470 |
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326,293 |
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Income before interest and income taxes |
7,575 |
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5,283 |
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19,063 |
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12,156 |
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Interest income, net |
983 |
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1,142 |
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2,872 |
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3,888 |
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Income before income taxes |
8,558 |
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6,425 |
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21,935 |
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16,044 |
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Income tax expense |
2,222 |
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1,696 |
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6,032 |
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4,848 |
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Net income |
$ |
6,336 |
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$ |
4,729 |
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$ |
15,903 |
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$ |
11,196 |
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Basic earnings per share: |
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Common Stock |
$ |
0.41 |
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$ |
0.29 |
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$ |
1.00 |
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$ |
0.69 |
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Class A Common Stock |
$ |
0.38 |
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$ |
0.27 |
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$ |
0.94 |
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$ |
0.64 |
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Diluted earnings per share: |
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Common Stock |
$ |
0.39 |
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$ |
0.28 |
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$ |
0.97 |
|
$ |
0.68 |
|
Class A Common Stock |
$ |
0.38 |
|
$ |
0.27 |
|
$ |
0.94 |
|
$ |
0.64 |
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Cash dividends per share: |
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Common Stock |
$ |
0.33 |
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$ |
0.32 |
|
$ |
0.99 |
|
$ |
0.96 |
|
Class A Common Stock |
$ |
0.31 |
|
$ |
0.30 |
|
$ |
0.93 |
|
$ |
0.90 |
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HAVERTY FURNITURE COMPANIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
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(In thousands) |
September 30, |
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December 31, |
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September 30, |
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Assets |
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Current assets |
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Cash and cash equivalents |
$ |
120,321 |
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$ |
125,325 |
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$ |
130,495 |
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Restricted cash and cash equivalents |
6,724 |
|
6,547 |
|
6,482 |
|||
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Inventories |
86,674 |
|
96,155 |
|
92,406 |
|||
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Prepaid expenses |
13,399 |
|
10,236 |
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12,469 |
|||
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Other current assets |
11,236 |
|
11,064 |
|
8,935 |
|||
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Total current assets |
238,354 |
|
249,327 |
|
250,787 |
|||
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Property and equipment, net |
182,808 |
|
177,207 |
|
179,611 |
|||
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Right-of-use lease assets |
205,809 |
|
190,586 |
|
186,811 |
|||
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Deferred income taxes |
21,105 |
|
19,301 |
|
18,051 |
|||
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Other assets |
13,756 |
|
12,631 |
|
16,449 |
|||
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Total assets |
$ |
661,832 |
|
$ |
649,052 |
|
$ |
651,709 |
|
Liabilities and Stockholders' Equity |
|
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Current liabilities |
|
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Accounts payable |
$ |
14,296 |
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$ |
15,447 |
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$ |
19,904 |
|
Customer deposits |
46,232 |
|
35,504 |
|
43,855 |
|||
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Accrued liabilities |
43,883 |
|
46,531 |
|
42,633 |
|||
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Current lease liabilities |
36,330 |
|
35,967 |
|
36,938 |
|||
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Total current liabilities |
140,741 |
|
133,449 |
|
143,330 |
|||
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Noncurrent lease liabilities |
197,308 |
|
180,450 |
|
174,906 |
|||
|
Other liabilities |
25,146 |
|
27,224 |
|
27,446 |
|||
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Total liabilities |
363,195 |
|
341,123 |
|
345,682 |
|||
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Stockholders' equity |
298,637 |
|
307,929 |
|
306,027 |
|||
|
Total liabilities and stockholders' equity |
$ |
661,832 |
|
$ |
649,052 |
|
$ |
651,709 |
|
HAVERTY FURNITURE COMPANIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
|
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(In thousands) |
Nine Months Ended |
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|
2026 |
|
2025 |
||
|
Cash Flows from Operating Activities: |
|
|
|
||
|
Net income |
$ |
15,903 |
|
$ |
11,196 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
||
|
Depreciation and amortization |
18,403 |
|
17,825 |
||
|
Share-based compensation expense |
7,843 |
|
5,594 |
||
|
Other |
(476) |
|
107 |
||
|
Changes in operating assets and liabilities: |
|
|
|
||
|
Inventories |
9,481 |
|
(8,987) |
||
|
Customer deposits |
10,728 |
|
3,122 |
||
|
Other assets and liabilities |
(4,543) |
|
8,087 |
||
|
Accounts payable and accrued liabilities |
(4,979) |
|
8,341 |
||
|
Net cash provided by operating activities |
52,360 |
|
45,285 |
||
|
|
|
|
|
||
|
Cash Flows from Investing Activities: |
|
|
|
||
|
Capital expenditures |
(22,953) |
|
(15,277) |
||
|
Proceeds from sale of land, property, and equipment |
68 |
|
73 |
||
|
Net cash used in investing activities |
(22,885) |
|
(15,204) |
||
|
|
|
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|
Cash Flows from Financing Activities: |
|
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|
||
|
Dividends paid |
(15,750) |
|
(15,534) |
||
|
Common stock repurchased |
(16,568) |
|
(2,000) |
||
|
Taxes on vested restricted shares |
(1,984) |
|
(1,884) |
||
|
Net cash used in financing activities |
(34,302) |
|
(19,418) |
||
|
|
|
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|
||
|
Change in cash, cash equivalents, and restricted cash equivalents during the period |
(4,827) |
|
10,663 |
||
|
Cash, cash equivalents, and restricted cash equivalents at beginning of period |
131,872 |
|
126,314 |
||
|
Cash, cash equivalents, and restricted cash equivalents at end of period |
$ |
127,045 |
|
$ |
136,977 |
GAAP to Non-GAAP Reconciliation
We report our financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that EBITDA and free cash flow(1) are meaningful measures to share with investors as useful information on our operating results and to provide additional information with respect to key metrics used by management in its financial and operational decision making.
Additionally, the company presents gross profit margin, excluding the impact of IEEPA tariff refunds and LIFO, consolidated adjusted net income, and adjusted diluted EPS. We believe these non-GAAP measures provide investors with useful supplemental information because they enhance the comparability of the Company's results across periods and more closely align with the metrics management uses to evaluate the performance of its core operations, to conduct internal planning and budgeting, and to make operating decisions. These measures are not intended to be considered in isolation or as a substitute for, or superior to, the most directly comparable GAAP measures, and the Company's presentation may differ from similarly titled measures used by other companies.
|
(1) See the reconciliation of free cash flow in the Key Results section of the release. |
Reconciliation of GAAP measures to EBITDA
|
|
|
Nine Months Ended September 30, |
||||
|
(in thousands) |
|
2026 |
|
2025 |
||
|
Income before income taxes, as reported |
|
$ |
21,935 |
|
$ |
16,044 |
|
Interest income, net |
|
(2,872) |
|
(3,888) |
||
|
Depreciation and amortization |
|
18,403 |
|
17,825 |
||
|
EBITDA |
|
$ |
37,466 |
|
$ |
29,981 |
Gross profit margin, excluding the impact of IEEPA tariff refunds
|
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||
|
(in thousands) |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||
|
Net sales |
|
$ |
203,153 |
|
$ |
194,484 |
|
$ |
587,144 |
|
$ |
557,076 |
|
Cost of goods sold |
|
76,568 |
|
77,220 |
|
224,611 |
|
218,627 |
||||
|
Gross profit |
|
$ |
126,585 |
|
$ |
117,264 |
|
$ |
362,533 |
|
$ |
338,449 |
|
IEEPA Tariff Refund Adjustment |
|
(3,188) |
|
— |
|
(4,684) |
|
— |
||||
|
Gross Profit, excluding the impact of tariff refunds |
|
$ |
123,397 |
|
$ |
117,264 |
|
$ |
357,849 |
|
$ |
338,449 |
|
Gross Profit Margin, excluding the impact of tariff refunds |
|
60.7 % |
|
60.3 % |
|
60.9 % |
|
60.8 % |
||||
Gross profit margin, excluding the impact of IEEPA tariff refunds and LIFO
|
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||
|
(in thousands) |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||
|
Net sales |
|
$ |
203,153 |
|
$ |
194,484 |
|
$ |
587,144 |
|
$ |
557,076 |
|
Cost of goods sold |
|
76,568 |
|
77,220 |
|
224,611 |
|
218,627 |
||||
|
Gross profit |
|
$ |
126,585 |
|
$ |
117,264 |
|
$ |
362,533 |
|
$ |
338,449 |
|
IEEPA Tariff Refund Adjustment |
|
(3,188) |
|
— |
|
(4,684) |
|
— |
||||
|
LIFO Adjustment |
|
1,038 |
|
624 |
|
2,058 |
|
754 |
||||
|
Gross Profit, excluding the impact of tariff refunds and LIFO |
|
$ |
124,435 |
|
$ |
117,888 |
|
$ |
359,907 |
|
$ |
339,203 |
|
Gross Profit Margin, excluding the impact of tariff refunds and LIFO |
|
61.3 % |
|
60.6 % |
|
61.3 % |
|
60.9 % |
||||
Consolidated Adjusted Net Income / Adjusted Diluted EPS
|
|
|
Three Months Ended |
|
Nine Months Ended |
||
|
(in thousands, except per share data) |
|
2026 |
|
2026 |
||
|
Net income |
|
$ |
6,336 |
|
$ |
15,903 |
|
IEEPA Tariff Refund Adjustment |
|
(3,188) |
|
(4,684) |
||
|
Interest income on tariff refunds |
|
— |
|
(67) |
||
|
Related income tax effects |
|
877 |
|
1,307 |
||
|
Adjusted net income |
|
$ |
4,025 |
|
$ |
12,459 |
|
Adjusted diluted EPS |
|
$ |
0.25 |
|
$ |
0.76 |
|
|
|
|
|
|
||
Comparable Store Sales
Comparable-store or "comp-store" sales is a measure which indicates the performance of our existing stores and website by comparing the sales growth for stores and online for a particular month over the corresponding month in the prior year. Stores are considered non-comparable if they were not open during the corresponding month or if the selling square footage has been changed significantly.
Cost of Goods Sold and SG&A Expense
We include substantially all our occupancy and home delivery costs in SG&A expense as well as a portion of our warehousing expenses. Accordingly, our gross profit may not be comparable to those entities that include these costs in cost of goods sold.
We classify our SG&A expenses as either variable or fixed and discretionary. Our variable expenses are comprised of selling and delivery costs. Selling expenses are primarily compensation and related benefits for our commission-based sales associates, the discount we pay for third party financing of customer sales and transaction fees for credit card usage. We do not outsource delivery, so these costs include personnel, fuel, and other expenses related to this function. Fixed and discretionary expenses are comprised of rent, depreciation and amortization and other occupancy costs for stores, warehouses and offices, and all advertising and administrative costs.
Conference Call Information
The company invites interested parties to listen to the live webcast of the conference call on November 4, 2026 at 10:00 a.m. ET at its website, ir.havertys.com. If you cannot listen live, a replay will be available on the day of the conference call at the website at approximately 1:00 p.m. ET.
About Havertys Furniture
Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 130 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website www.havertys.com.
Safe Harbor
This press release contains, and the conference call may contain forward-looking statements subject to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to risks and uncertainties and change based on various important factors, many of which are beyond our control.
All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, our expectations for retail and operating margins, selling square footage and capital expenditures for 2026, our liquidity position to continue to fund our growth plans, and our efforts and initiatives to execute our strategic plan.
We caution that our forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information you are cautioned not to place undue reliance on our forward-looking statements, and they should not be relied upon as a prediction of actual results.
Factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements include but are not limited to:
- competition from national, regional and local retailers of home furnishings;
- our ability to anticipate changes in consumer preferences;
- our ability to maintain and enhance our brand;
- our ability to successfully implement our growth and other strategies;
- our ability to locate our stores in suitable locations to attract customers;
- importing a substantial portion of our merchandise from foreign sources (including the impact of tariffs);
- our dependence on third-party producers to meet our requirements;
- significant fluctuations and volatility in the cost of raw materials and components;
- risks in our supply chain, including price, availability and quality of raw materials and components utilized in the products we sell and our ability to forecast our supply chain needs;
- a failure by our vendors to meet our quality control standards or comply with changes to the legislative or regulatory framework regarding product safety;
- our reliance on third-party transportation vendors for product shipments from our suppliers;
- damage to one of our distribution centers;
- our reliance on information technology and any disruptions in our IT systems;
- the vulnerability of our information technology infrastructure to cyber-attacks, breaches and other disruptions;
- the effects of labor disruptions or labor shortages; and our ability to attract and retain key employees;
- the rise of oil and gasoline prices;
- increased transportation costs;
- changes in economic conditions such as consumer disposable income, fuel prices, inflation rates, recession and fears of recession, unemployment rates, interest rates, tax rates, consumer confidence, and changing government policies, laws and regulations;
- certain risks may not be fully covered by insurance;
- failure to protect our intellectual property;
- our ability to comply with all applicable laws and regulations;
- pending or unforeseen litigation;
- natural disasters, public health events, geopolitical instability or other disruptive events; and
- other risks and uncertainties as may be detailed from time to time in our public announcements and Securities and Exchange Commission filings.
Forward-looking statements describe our expectations only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K, and other reports filed with the SEC.
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SOURCE Haverty Furniture Companies, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Havertys HVT third-quarter 2026 earnings and sales?
Havertys reported diluted common EPS of $0.39 and sales of $203.2 million for the quarter ended September 30, 2026. EPS increased from $0.28 a year earlier, sales rose 4.5%, and comparable-store sales increased 4.1%.
What is Havertys HVT full-year 2026 expense and tax guidance?
Havertys expects fixed and discretionary selling, general and administrative expenses of $307.0 million to $309.0 million, unchanged from previous guidance. Variable expenses are anticipated at 19.2% to 19.4%, reflecting higher delivery, transportation and third-party credit costs. The expected effective tax rate is 26.0%, excluding discrete items and any new tax legislation.
Which tariffs and refunds are included in Havertys 2026 guidance?
Havertys' 2026 guidance includes tariffs in effect as of November 4, 2026, but excludes future IEEPA tariff refunds that may be received for indirectly sourced products. The company is monitoring tariff developments to manage its exposure.