Haverty Furniture Companies Inc
NYSE:HVT
Haverty Furniture Companies Inc
Haverty Furniture Cos., Inc. operates as a specialty retailer of residential furniture and accessories. The company is headquartered in Atlanta, Georgia and currently employs 2,845 full-time employees. The firm operates 121 showrooms in 16 states in the Southern and Midwestern regions providing its customers with a range of selection of merchandise in middle to upper-middle price ranges. Its retail locations are operated using the Havertys name. Its customers are college educated women in middle to upper-middle income households. Its product categories include living rooms, bedrooms, dining rooms, home offices, mattress, decor, rugs and outdoor. Haverty's mattress product line includes Tempur-Pedic, Serta and Sealy in addition to its private label Skye. The firm offers its customers various methods to purchase or finance their sales, including financing by third-party finance companies. Haverty's stores are located in areas, including Florida, Texas, Georgia, North Carolina, Virginia, Tennessee and Maryland.
Haverty Furniture Cos., Inc. operates as a specialty retailer of residential furniture and accessories. The company is headquartered in Atlanta, Georgia and currently employs 2,845 full-time employees. The firm operates 121 showrooms in 16 states in the Southern and Midwestern regions providing its customers with a range of selection of merchandise in middle to upper-middle price ranges. Its retail locations are operated using the Havertys name. Its customers are college educated women in middle to upper-middle income households. Its product categories include living rooms, bedrooms, dining rooms, home offices, mattress, decor, rugs and outdoor. Haverty's mattress product line includes Tempur-Pedic, Serta and Sealy in addition to its private label Skye. The firm offers its customers various methods to purchase or finance their sales, including financing by third-party finance companies. Haverty's stores are located in areas, including Florida, Texas, Georgia, North Carolina, Virginia, Tennessee and Maryland.
Sales Growth: Haverty's reported Q4 net sales of $201.9 million, up 9.5% year-over-year, with comparable sales up 8.2%.
Margin Pressures: Gross margin fell to 60.4% from 61.9% last year due to $3.9 million in LIFO charges, but adjusted margin improved.
Profitability: Q4 net income was $8.5 million, or $0.51 per diluted share, slightly above last year’s $8.2 million/$0.49 per share.
Inventory & Tariffs: Inventories rose to $96.2 million, reflecting stockpiling ahead of tariff changes; new 10% tariffs are in effect, with guidance assuming these levels.
Store Expansion: Five new stores are planned for 2026, including entry into Pennsylvania, alongside four remodels and a $33.5 million CapEx budget.
Guidance: 2026 guidance includes gross margin of 60.5%–61%, SG&A expenses of $307–309 million, and flat marketing spend.
Shareholder Returns: Board approved an additional $15 million share buyback, bringing the authorization to $18.3 million.
Resilient Demand: Despite some sales deceleration towards year-end, design sales and average ticket size grew, and e-commerce sales increased by 12.3%.
