HVT
Haverty Furniture CompaniesBDocument history
Earnings documents stored for HVT.
Investor releaseQuarter not tagged2026-05-16Havertys Furniture Second Quarter 2026 Cash Dividend
ACCESS Newswire
Havertys Furniture Second Quarter 2026 Cash Dividend
ATLANTA, GA / ACCESS Newswire / May 15, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A) ("Havertys" or the "Company") today announced that its Board of Directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.33 per share on the common stock and $0.31 per share on the Class A common stock. The dividend is payable on June 16, 2026, to stockholders of record at the close of business on June 1, 2026. Havertys has paid a cash dividend each year since 1935. About Havertys Furniture Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE: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 at www.havertys.com. Contact: Havertys 404-443-2900 [email protected] Tiffany Hinkle Assistant Vice President, Financial Reporting SOURCE: Haverty Furniture Companies, Inc. Related Documents: 2026-05-15hvtq2dividenden View the original press release on ACCESS Newswire
Investor releaseQuarter not tagged2026-05-11Haverty Furniture Companies Q1 Earnings Call Highlights
MarketBeat
Haverty Furniture Companies Q1 Earnings Call Highlights
Interested in Haverty Furniture Companies, Inc.? Here are five stocks we like better. Q1 results improved with net sales up 4.1% to $189.1 million, comparable sales up 4.3%, and earnings of $0.26 per share versus $0.23 a year ago. Pretax income and operating margin also improved year over year. Higher tickets and design services drove growth, with average ticket rising 11.9% to about $3,700 and design business accounting for 35.3% of total business. Management said strong custom special-order demand and faster product assortment helped support sales. Haverty is expanding stores while managing costs and tariffs, reaffirming its 2026 margin and SG&A guidance despite tariff, fuel and financing pressures. The company ended Q1 with no funded debt, $107.5 million in cash, and plans new stores in several markets while selectively closing weaker locations. Bassett Furniture: Buy Now, Sit Back, and Collect Dividends Haverty Furniture Companies (NYSE:HVT) reported higher first-quarter sales and earnings as comparable sales remained positive for a third consecutive quarter, while management pointed to stronger average tickets, growth in design services and an expanded store pipeline for 2026. President and CEO Steve Burdette said first-quarter net sales rose 4.1% to $189.1 million, with comparable sales up 4.3%. Total written sales increased 6.4%, while comparable written sales rose 7%. The company reported pretax income of $6 million, representing a 3.2% operating margin, compared with $5.3 million and a 2.9% operating margin in the prior-year quarter. Earnings were $0.26 per share, up from $0.23 per share a year earlier. → Rocket Lab Posts Record Q1 Revenue, Raises Q2 Guidance 3 High-Yield Bargains to Watch in 2025’s Second Half “We are excited to report another increase in both written and delivered comp sales for Q1, marking our third consecutive quarter of positive comps,” Burdette said. Burdette said written sales benefited in part from a strong two-week period leading into Presidents’ Day weekend, when sales were up 8.3%. Traffic was down in the low single digits during the quarter, despite weather disruptions in January and the start of what Burdette referred to as Operation Epic Fury in March. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum Analysts' Top 3 Retail Picks Gearing Up for a Strong 2025 The company’s average ticket increased 11.9% t...
Investor releaseQuarter not tagged2026-05-05Haverty Furniture (HVT) Meets Q1 Earnings Estimates
Zacks
Haverty Furniture (HVT) Meets Q1 Earnings Estimates
Haverty Furniture (HVT) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this residential furniture and accessories retailer would post earnings of $0.48 per share when it actually produced earnings of $0.5, delivering a surprise of +4.17%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Haverty Furniture, which belongs to the Zacks Retail - Home Furnishings industry, posted revenues of $189.05 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.53%. This compares to year-ago revenues of $181.57 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Haverty Furniture shares have lost about 11.9% since the beginning of the year versus the S&P 500's gain of 5.2%. While Haverty Furniture has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Haverty Furniture was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) st...
Investor releaseQuarter not tagged2026-05-05Havertys Furniture Reports Operating Results for First Quarter 2026
ACCESS Newswire
Havertys Furniture Reports Operating Results for First Quarter 2026
ATLANTA, GA / ACCESS Newswire / May 5, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT and HVT.A), today reported operating results for the first quarter ended March 31, 2026. First Quarter 2026 versus First Quarter 2025: Diluted earnings per common share ("EPS") of $0.26 versus $0.23. Consolidated sales increased 4.1% to $189.1 million. Comparable store sales increased 4.3%. Gross profit margin was 61.5% compared to 61.2%. Steven G. Burdette, President and CEO said, "We are pleased with our first quarter results, delivering written business, delivered sales, and comp-store sales growth for a third consecutive quarter. Performance was led by strong Presidents' Day demand, gross profit margin expansion, and higher average tickets. Our design program continues to be a key growth driver and differentiator for Havertys. Designer average tickets remain more than double our overall average ticket, and the program accounted for 35.3% of written business during the quarter, up over 200 basis points from 2025. We are excited about the program's trajectory and see significant opportunity ahead as we continue to provide a high-quality experience for our customers. We also continued to execute on our store growth strategy, signing new store leases in the Dallas, TX, Atlanta, GA, and Fredericksburg, VA markets. With a strong balance, no funded debt, and sustained momentum across key operating metrics, we remain well positioned to continue growing our store base and execute on our long-term objectives." First Quarter ended March 31, 2026 Compared to Same Period of 2025 Total sales up 4.1%, comp-store sales up 4.3% for the quarter. Total written business increased 6.4% and comp-store written business increased 7.0% for the quarter. Design consultants accounted for 35.3% of written business in 2026 and 33.2% in 2025. Gross profit margins increased to 61.5% in 2026 from 61.2% in 2025. SG&A expenses were 58.9% of sales versus 59.0% and increased $4.1 million. The primary drivers of this change are: increase in selling expense of $2.4 million primarily due to higher commissioned-based compensation and third-party credit costs increase in administrative expenses of $0.8 million primarily from increased salaries and related benefits. increase in occupancy costs of $0.6 million related to new stores and the timing of repairs and maintenance. Balance Sheet and Cash Flow for the...
TranscriptFY2026 Q12026-05-05FY2026 Q1 earnings call transcript
Earnings source - 51 paragraphs
FY2026 Q1 earnings call transcript
Greetings, and welcome to the Haverty Furniture Companies' first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Tiffany Hinkle, Assistant Vice President, Financial Reporting, and Investor Relations. Thank you. You may begin.
Thank you, operator. Good morning, and thank you for joining us on our 1st quarter earnings call. I'm here today with our President and CEO, Steve Burdette, and Executive Vice President and CFO, Richard Hare. Before we begin, I'd like to remind everyone that today's conference call may contain forward-looking statements which are subject to risk and uncertainties. Actual results may differ materially from those made or implied in such statements, which speak only as of the date they are made and which we undertake no obligation to publicly update or revise. Factors that could cause actual results to differ include economic and competitive conditions and other uncertainties detailed in the company's reports filed with the SEC. A replay of this call will be available on our investor relations website this afternoon. For commentary about our business, I will now turn the call over to Steve.
Good morning, and thank you for joining our 2026 1st quarter conference call. We are excited to report another increase in both written and delivered comp sales for Q1, marking our 3rd consecutive quarter of positive comps. Our net sales for Q1 were $189.1 million, which was up 4.1% with comps up 4.3%. Total written sales were up 6.4% with comps up 7%. Gross margins for the quarter came in at 61.5% for 61.2% last year. Pre-tax income for the quarter was $6 million or a 3.2% operating margin versus $5.3 million or a 2.9% operating margin, resulting in $0.26 a share versus $0.23 a share.
During the quarter, our written sales increase was due in part to the strong two-week run-up to the Presidents' Day weekend, which was up 8.3%. During the quarter, we saw traffic down low single digits despite the disruptions that we experienced with weather in January over a ten-day period and the beginning of Operation Epic Fury in March. Average ticket rose 11.9% to approximately $3,700. Our design business accounted for 35.3% of our business for the quarter, rising 6.3%, with a design average ticket rising 11.7% to approximately $8,300. Our custom special order business rose 10.1% to 34.5% of our upholstered business, driven by our continued success in design.
Having the ability to offer a customer a choice of over 1,000 fabrics with different styles, patterns, and colors creates opportunities for our sales and design teams to ensure our customers are getting their desired selection. Our merchandising and supply teams continue to focus on bringing in the latest trends to meet customer demand. The merchandising team has become more nimble in assortment planning, enabling us to get newer products to the floors faster. We are in the fashion business, so updating our products with fresh new looks creates excitement not only for our sales and design teams but for our customers. From a category perspective for the quarter, occasional was up double digits, upholstery and dining room were up mid-single digits, mattresses were up low single digits, bedrooms were flat, and accessories were down slightly.
Inventories increased $10.7 million to $106.9 million during the quarter. This increase was planned and driven by three factors: the introduction of new products across our lineups, our continued focus on having best sellers in stock, and the pull forward of orders ahead of Chinese New Year to ensure continuous product availability. We expect to see our inventory drop below $100 million by the end of Q2, putting us at the level we feel is needed to meet our customers' delivery expectations. We will start to see the effects of the administration's new reduced Section 122 tariffs implemented in February during Q2. We expect further changes to the tariff percentages by the administration in early Q3 as we approach the expiration of these Section 122 tariffs in mid-July.
Because of the prolonged Epic Fury operation, rising oil prices will impact us in Q2 in several areas across the business. Vendor input costs are rising, resulting in price increases, fuel surcharges on bunker fuel rates on containers, rising fuel expense for dedicated fleet serving DC to DC, and rising fuel expenses at the pumps for home delivery fleet serving our customers. These rising costs will impact margins and expenses. These costs are factored into our margin and expense guidance, which Richard will address in his comments, along with updates on LIFO. Our marketing, creative, and media plans continue to resonate with our customers through Connected TV, broadcast TV, social media, and other digital channels. We're leveraging AI data and technology to optimize our media placement and customize messaging by market.
In February, we brought on a new technology partner that allows us to measure the full customer journey from seeing an ad to visiting the website, to visiting a store. This allows us to better measure our customer's path to purchase, as well as determine which tactics and messages drive more store visits. We will continue to lean in on direct mail in Q2, leading up to our biggest promotion of the first half of the year, Memorial Day. Our improving organic traffic to the site is supported by strengthening the SEO foundation and laying the groundwork for AI search optimization. Our written e-commerce sales continue to outperform, increasing double digits for the quarter. Our marketing dollars were flat for the quarter as a % of net sales, as we continue to leverage this expense.
Our use of 60 months, no-interest financing for competitive reasons has increased our credit costs during the quarter. We expect to still be aggressive with our credit offerings going forward to ensure our customers have the financing they need to meet their furnishing needs. We ended the quarter with 128 stores. On April third, we opened our Fenton, Missouri store, which will be our second store in the St. Louis market. The store is off to a fast start, with traffic performing in the top tier of our stores in April. On May eighth, we will open our fourth store in the Nashville market, in the Mount Juliet area. Our other three stores, Pittsburgh and two in Houston, are still on plan for Q4 2026 and Q1 2027 opening.
We are excited to announce that we have signed 3 additional leases that will all open this year. We acquired from the American Signature bankruptcy, a store in Fredericksburg, Virginia, that will open in late Q3. We will be relocating our Snellville store in East Atlanta, which will increase that footprint by approximately 50% with significantly more drive-by and foot traffic potential. Finally, we will open in McKinney in Northeast Dallas, taking over an existing building that was a former furniture store. Both stores in Atlanta and Dallas will open in Q4. These 3 new additions to our store growth plans in 2026 and early 2027 will give us a total of 8 new stores. We have scaled back our remodels from 4 stores to 2 stores, allowing us to focus on these new stores in the second half of this year.
We are still committed to our ongoing refresh of our mattress departments and design centers, which will be completed in all stores by 2027. With this aggressive store growth, we have made the difficult decision to close 2 additional stores in San Angelo, Texas, which will close in June, and in College Station, Texas, which will close in August. Both stores are in markets that do not fit our long-term growth strategies due to demographic shifts, weak housing growth, or the level of investment the market would require. We want to thank all our team members who have served the San Angelo and College Station customers over the years. The distribution, home delivery, and customer service teams continue to outperform with excellent controls on our back-end cost. These dedicated Havertys team members focus on providing our customers with a world-class experience on each delivery.
The growth that Havertys will have in 2026 could not be possible without these team members' passion and commitment to furnishing happiness. All our growth will be done within our existing infrastructure, again, allowing us to further leverage these fixed costs. We are optimistic for the remainder of 2026 for several reasons. Our customer remains resilient during these difficult times. Our aggressive growth plans for this year, our third quarter in a row with positive comps in both written and delivered, and our commitment to new products arriving every month, creating excitement for our teams and customers.
We can do all this because we are debt-free, we value our vendor partnerships, we remain customer-focused, we're providing complimentary design services, we offer Havertys-branded quality products, we are committed to executing with integrity, and we offer a regret-free experience that gives our customers and team members confidence in the Havertys brand. I would like to thank our 2,400 team members across our 17 states for their hard work and dedication that contributes to Havertys' 141 years of success. I will now turn the call over to Richard.
Thanks, Steve, good morning. In the first quarter of 2026, we reported net sales of $189.1 million, a 4.1% increase over the prior year quarter. Comparable store sales were up 4.3% over the prior year period. Our gross profit margin increased 30 basis points to 61.5% from 61.2%. Excluding the impact of the $524,000 LIFO expense in Q1 of 2026, and the $24,000 LIFO expense in the prior quarter, our adjusted gross profit margin increased 60 basis points to 61.8% from 61.2%. Selling, general, and administrative expenses increased $4.1 million or 3.8% to $111.3 million.
As a percentage of sales, these costs approximated 58.9% of sales, down from 59% in the prior year's quarter. We experienced increased selling, occupancy, and administrative costs during the quarter. Other income expense for the first quarter of 2026 was $53,000, and interest income was approximately $967,000 during the first quarter of 2026. Income before income taxes increased $667,000 to $6 million. Our tax expense was $1.7 million in the first quarter of 2026, which resulted in an effective tax rate of 28.5% versus 28.6% in the prior year period.
Net income for the first quarter of 2026 was $4.3 million, or $0.26 per share, compared to net income of $3.8 million or $0.23 per share in the comparable quarter last year. Turning over to our balance sheet. At the end of the first quarter, our inventories were $106.9 million, which was up $10.7 million from December 31, 2025, and up $18.2 million versus Q1 2025. At the end of the first quarter, our customer deposits were $40.4 million, which was up $4.9 million from the December 31, 2025 balance, and down $2.3 million from the Q1 2025 balance.
We ended the quarter with $107.5 million of cash and cash equivalents. We have no funded debt on our balance sheet at the end of Q1 2026. Looking at some of our cash flow usage, capital expenditures were $7 million for Q1 2026. We paid out $5.3 million of regular dividends during the quarter. We purchased $2 million of common stock during the quarter at an average price of $21.97. We have approximately $16.4 million of existing authorization under our buyback program. Our earnings release lists out several additional forward-looking statements indicating our future expectations of certain financial metrics. I'll highlight a few. Please refer to our press release for additional commentary. Our 2026 guidance reflects tariffs currently in effect as of May 5th, 2026.
We are closely monitoring the tariff developments to manage our exposure and minimize the impact on our business. We expect our gross margins for 2026 to remain between 60.5% and 61%. We anticipate gross profit margins will be impacted by our current estimates of product, freight, and LIFO expenses. Our fixed and discretionary-type SG&A expenses for 2026 are expected to remain in the $307 million-$309 million range. The increases over 2025 are primarily related to store growth and modest inflation. The variable-type costs within SG&A for 2026 are expected to remain in the range of 18.6% to 18.8%. Our planned capital expenditures for 2026 is $34 million, an increase of half a million dollars from our previous guidance.
Anticipated new replacement stores, remodels, and expansions account for $27.7 million. Investments in our distribution network are expected to be $3.2 million, and investments in our information systems technology are expected to be approximately $3.1 million. Our anticipated effective tax rate in 2026 remains 26%. This projection excludes the impact from vesting of stock awards and any potential new tax legislation. This completes my commentary on the first quarter financial results. Operator, we would like to open up the call for questions at this time.
Our first question comes from the line of Cristina Fernandez with Telsey Advisory Group. Please proceed with your question.
Hi, good morning. I wanted to see if you can speak a little bit more about the consumer and demand, trends through the quarter, how they progress by month, and whether you're seeing any changes in behavior, whether consumers, you know, taking you up more on financing options or any other changes in behavior up or down?
Sure, Cristina, this is Richard. Let me start. Then Steve can finish. In terms of the written business trend, for the quarter, in January we were up high single digits, almost 9%. February and March we were mid single digits, between 5% and 5.5%. For the quarter we were up 6.4%. Steve mentioned in his commentary a little bit about financing costs. If you saw the G&A was up a little over $4 million. About half of that increase was related to selling costs. Of the selling costs, 60% related to third-party credit costs. You know, it was over $1 million up over the quarter. We're gonna continue to be somewhat aggressive in that regard to be competitive in the marketplace. Steve, you want to-
Yeah, and I don't think we've seen any real change, Cristina, from really when we started using the 60 months again last Labor Day is when we really started implementing it in our promotions. I think we're still about the same usage on credit where we go with it. It's just, you know, doing a little bit more volume and it's costing us a little bit more. What's being used there with our bigger tickets is getting into the 60 months, the more expensive part of the financing side of things.
The second question I had was, based on the consumer demand you see today or year to date and your plans for the back half, whether it's product or store openings, how do you feel about the ability to comp positively on the, you know, on the second half of the year when you're lapping, you know, 7%, 8% increases last year?
I'm gonna go with my statement I said, Cristina. We feel optimistic for the remainder of the year for all those reasons we said. I mean, we feel our customer is very resilient. You know, we like our aggressive growth plans that we have coming, and a lot of those are gonna open up on the back half of the year. You know, most majority of them are gonna come in Q4. But obviously we have two that we're opening this quarter, one in Q3, and the remainder will be in Q4. Then again, we're excited about with the new merchandising team and the new products that are arriving and getting on the floors. You know, we feel like we're positioned in the right place. You know, we feel good.
We feel optimistic about it, even with all the headwinds that we've got out there in front of us.
Last one, just to clarify on the store openings. Of the eight openings, I think you mentioned some were in 2007, and then there were two store closures. Net, for 2026, do you still expect five openings, or is the number gonna come a little bit below that?
We're gonna have one store that we've had a little bit of construction delays in Houston. It's gonna push into early 2027. The eight store openings, one of those stores will be a relocation, the Snellville store in Atlanta. Ultimately, there are eight new stores, four closings. I'm talking about the additional closing we had in Q1 in Alexandria. The net right now is four stores growth for the year if you take in the one that's gonna push into 2027. If you look at the year itself, it looks like seven openings and four closures. It'll be three openings for the year.
Thank you.
Thank you.
Our next question comes from the line of Anthony Lebiedzinski with Sidoti. Please proceed with your question.
Good morning. Thanks for taking the questions. Steve.
Yeah.
Good morning. Steve, you mentioned that you're excited about some of the new product introductions that are coming out there. Is there anything you wanna highlight specifically as far as any, you know, whether new products or product categories that you think will be sort of incremental to the business?
You know, Anthony, I think it's more about just continuing, as I said, about us being nimbler with our lineup and our product assortment, is recognizing things that are not working and getting in things that are more on trend, we feel like, and our merchants feel that will be a nice replacement. You know, we're taking some small steps in some categories where they're smaller categories. You know, bar stools. We're going after more of our chairs, accent chairs to go along with our strong upholstery lineups that we're having to create more special order opportunity there. Really it's just more about being fresh with the lineup, being quicker with the lineups, and getting them out there for our sales team and design teams.
Gotcha. Okay. You talked about your design program, being up more than 200 basis points as a percentage of overall written sales. You know, as far as, you know, that's concerned, that was a meaningful improvement from 25. Did you guys do anything differently in terms of your marketing messaging? Kind of how do you think about the rest of the year as far as being able to further expand on that design business?
Yeah. We haven't done anything different. We just continue to emphasize it and make sure we're putting it in front of our customer as much as possible. I did mention that we're talking about refreshing our design centers within our stores. We have gotten that done probably in about a third of our stores so far. We hope to get it done so we have over half completed this year, and the remainder will be done next year. We have a lot of confidence in it. I think there is still upside with our design business and, you know, it could approach, you know, 50 plus % of our sales. I mean, I think we have an opportunity to still grow that.
We're doing a really good job there, and it's really good to see with the build and average ticket, and especially when we get into the home. You know, we're getting up more than 3 times what our normal average ticket is once we get in the home. We're really excited about it, what the opportunity there is for 2026.
Gotcha. Thanks, Steve. As far as the gross margin guidance, just wanted to be clear as far as the any potential tariff refunds. Are you including anything, Richard, in that number, or will those be incremental potentially?
Yeah, those would be incremental potentially. You know, we have indirect and direct business, we will book that if and when we get it.
Understood. Okay. Then last question from me. You guys touched on this a little bit, but, you know, fuel prices have gone up quite a bit certainly since you last provided the guidance in late February, which was just a few days before the Iran conflict started. You talked about the, obviously a little bit about that. You also have higher financing costs, but yet you're, you are able to maintain your SG&A expense guidance. What are some of the offsetting factors that are enabling you to maintain your expense guidance, even with some of the headwinds as it relates to fuel prices and financing costs?
Yeah, I'd say, on the back side of the of this year, we expect to see some, a leveraging of delivery and transportation costs in the back half of the year. That's the big mover on the variable piece. On the non-variable, you know, we've already kind of baked in the advertising, occupancy cost, depreciation. Those things are already baked in, those remain unchanged.
We're hoping the fuel thing is not- A long-term process, Anthony. We're hoping to see that, you know, mitigate over time if we can get this, you know, this war brought to an end.
The portion of.
The fuel costs that hit gross margins, you know, we were 61.5%, and you know what our margin guidance is, so we've kind of baked in a bit of a cushion there. That's why we left our gross margin guidance alone.
Understood. Well, thank you very much, and best of luck.
Thank you.
Thank you.
We have no further questions at this time. Ms. Nicole, I'd like to turn the floor back over to you for closing comments.
Thank you for your participation in today's call. We look forward to talking with you in the future when we release our second quarter results. Have a good afternoon.
Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.
Investor releaseQuarter not tagged2026-04-30Somnigroup International (SGI) Reports Next Week: Wall Street Expects Earnings Growth
Zacks
Somnigroup International (SGI) Reports Next Week: Wall Street Expects Earnings Growth
The market expects Somnigroup International (SGI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This mattress maker is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +16.3%. Revenues are expected to be $1.78 billion, up 11.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 5.48% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predi...
Investor releaseQuarter not tagged2026-04-29Havertys Furniture To Announce First Quarter 2026 Results on May 5, 2026
ACCESS Newswire
Havertys Furniture To Announce First Quarter 2026 Results on May 5, 2026
ATLANTA, GA / ACCESS Newswire / April 28, 2026 / HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVT)(NYSE:HVT.A) will release its first quarter 2026 financial results on Tuesday, May 5, 2026, before the market opens, followed by a conference call with investors and analysts at 10:00 a.m. ET to discuss the results of its operations. Havertys invites interested parties to listen to the live webcast of the conference call on its website at http://ir.havertys.com. The webcast will be archived and available for replay beginning at approximately 1:00 p.m. ET on May 5. About Havertys Furniture Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 129 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 at www.havertys.com. Contact: Havertys 404-443-2900 [email protected] Tiffany Hinkle Assistant Vice President, Financial Reporting SOURCE: Haverty Furniture Companies, Inc. View the original press release on ACCESS Newswire
Investor releaseQuarter not tagged2026-02-25Haverty Furniture Companies Inc (HVT) Q4 2025 Earnings Call Highlights: Strong Sales Growth ...
GuruFocus.com
Haverty Furniture Companies Inc (HVT) Q4 2025 Earnings Call Highlights: Strong Sales Growth ...
This article first appeared on GuruFocus. Net Sales (Q4 2025): $201.9 million, up 9.5% year-over-year. Comparable Store Sales (Q4 2025): Increased by 8.2%. Gross Margin (Q4 2025): 60.4%, down from 61.9% in the prior year. LIFO Charges (Q4 2025): $3.9 million. Pretax Income (Q4 2025): $10.8 million, 5.3% operating margin. Net Income (Q4 2025): $8.5 million or $0.51 per diluted share. Cash and Cash Equivalents (End of Q4 2025): $125.3 million. Inventory (End of Q4 2025): $96.2 million, up $12.7 million from the previous year. Customer Deposits (End of Q4 2025): $35.5 million, down $5.2 million from the previous year. Capital Expenditures (Q4 2025): $4.4 million. Dividends Paid (Q4 2025): $5.3 million. Share Buyback (Q4 2025): $2.8 million at an average price of $22.63 per share. Store Count (End of 2025): 129 stores, with plans for five new stores in 2026. Warning! GuruFocus has detected 9 Warning Sign with HVT. Is HVT fairly valued? Test your thesis with our free DCF calculator. Release Date: February 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Haverty Furniture Companies Inc (NYSE:HVT) reported a 9.5% increase in net sales for Q4 2025, with comparable store sales up 8.2%. The company experienced a strong performance in its design business, which accounted for 33.3% of sales, driven by a 14.8% increase in upholstery special orders. Haverty Furniture Companies Inc (NYSE:HVT) plans to open five new stores in 2026, including entering a new state, Pennsylvania, which will be its 18th state. The company maintained a debt-free balance sheet with $125.3 million in cash and cash equivalents at the end of Q4 2025. E-commerce sales increased by 12.3% for the quarter, supported by effective marketing strategies that increased web traffic and site engagement. Gross profit margin decreased by 150 basis points to 60.4% in Q4 2025, partly due to $3.9 million in LIFO charges. Written sales showed a decline as the quarter progressed, with December experiencing a low single-digit decrease. The company faced increased selling, occupancy, and administrative costs, which rose by 6.3% to $112.5 million. Haverty Furniture Companies Inc (NYSE:HVT) anticipates continued pressure on selling costs in 2026 due to higher sales commissions and competitive credit costs. The company is navigating a complex tariff environment,...
Investor releaseQuarter not tagged2026-02-25Haverty Furniture Companies Q4 Earnings Call Highlights
MarketBeat
Haverty Furniture Companies Q4 Earnings Call Highlights
Haverty reported Q4 net sales of $201.9 million, up 9.5%, with comparable-store sales rising 8.2%; average ticket grew about 10.9% and written e‑commerce sales increased 12.3%, led by design and upholstery special orders. Management flagged tariff uncertainty after recent legal and policy changes and built year‑end inventory to $96.2 million; 2026 guidance incorporates new tariffs and targets a gross margin of 60.5–61%, fixed/discretionary SG&A of $307–309 million, and $33.5 million in CapEx. The company finished the year with a strong balance sheet—$125.3 million cash and no funded debt—returned capital via $20.8 million of dividends and share repurchases, approved an additional $15 million buyback, and plans five new store openings in 2026. Interested in Haverty Furniture Companies, Inc.? Here are five stocks we like better. Bassett Furniture: Buy Now, Sit Back, and Collect Dividends Haverty Furniture Companies (NYSE:HVT) reported fourth-quarter and full-year 2025 results that showed improving comparable-store sales trends, while management highlighted continued uncertainty around tariffs and outlined plans for new store openings and increased capital spending in 2026. President and CEO Steven Burdette said the company delivered its second consecutive quarter of positive comparable-store sales, with increases in both written and delivered comps. Fourth-quarter net sales were $201.9 million, up 9.5%, with comparable-store sales up 8.2%. Total written sales increased 3.5%, with written comps up 3.2%. → Hinge Health’s AI Moat Might Be Its Patient Movement Data 3 High-Yield Bargains to Watch in 2025’s Second Half Management noted a shift in momentum as the quarter progressed. In response to an analyst question, the company said written business was up high single digits in October, up mid-single digits in November, and down low single digits in November and December. Delivered sales, however, were up 10% in October, up mid-single digits in November, and up almost 15% in December. Gross margin in the fourth quarter was 60.4%, down from 61.9% a year earlier. The company recorded $3.9 million in LIFO charges in the quarter, compared with a $925,000 LIFO pickup in the prior-year quarter. CFO Richard Hare said that excluding LIFO impacts, adjusted gross margin increased 100 basis points to 62.4% from 61.4%. → Microsoft Is Sliding—An Insider Buy and Oversold Signals...
Investor releaseQuarter not tagged2026-02-24Havertys Reports Operating Results for Fourth Quarter 2025
ACCESS Newswire
Havertys Reports Operating Results for Fourth Quarter 2025
ATLANTA, GA / ACCESS Newswire / February 24, 2026 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), today reported its operating results for the fourth quarter ended December 31, 2025. Fourth quarter 2025 versus fourth quarter 2024: Diluted earnings per common share ("EPS") of $0.51 versus $0.49. Consolidated sales increased 9.5% to $201.9 million. Comparable store sales increased 8.2%. Gross profit margin of 60.4% versus 61.9%. Excluding the impact of LIFO, gross profit margin was 62.4% for 2025 and 61.4% for 2024. FY 2025 versus FY 2024: Diluted earnings per common share ("EPS") of $1.19 for 2025 and 2024. Consolidated sales increased 5.0% to $759.0 million. Comparable store sales increased 2.1%. Gross profit margin was 60.7% for 2025 and 2024. Excluding the impact of LIFO, gross profit margin was 61.3% for 2025 and 60.6% for 2024. Pre-tax income of $26.8 million versus $26.2 million. Stock Repurchase Program: The Board of Directors approved an additional $15 million authorization for the Company's stock repurchase program. Steven G. Burdette, President and CEO, said, "Our fourth quarter results were highlighted by our second consecutive quarter of growth in both written and delivered sales and comp-store sales. This sustained momentum reflects the effectiveness of our customer-first approach and strategic marketing investments, which continue to drive traffic and increase average tickets while maintaining strong gross margins, even as we navigate persistent industry headwinds. We are pleased to announce that we plan to enter our 18th state, in Pittsburgh, Pennsylvania, later this year, bringing our total planned store openings for 2026 to five locations. In 2025, we returned $25.6 million to our shareholders through $4.8 million in share repurchases and $20.8 million in quarterly dividends. Our disciplined capital management approach reflects our commitment to delivering long-term value while maintaining the financial strength needed to grow in a challenging environment. Our 2025 results demonstrate that our strategic initiatives and clear value proposition continue to resonate. We are encouraged by the positive momentum in our business and remain focused on delivering sustainable growth and long-term value for our customers and shareholders." Fourth Quarter ended December 31, 2025 Compared to Same Period of 2024 Total sales up 9.5%, comp-store sales up 8.2% for th...
Investor releaseQuarter not tagged2026-02-24Haverty Furniture Companies, Inc. Q4 2025 Earnings Call Summary
Moby
Haverty Furniture Companies, Inc. Q4 2025 Earnings Call Summary
Achieved a second consecutive quarter of positive comparable sales, signaling a strategic inflection point following a period of industry-wide volatility. Performance was heavily driven by the design business, which now accounts for 33.3% of sales, fueled by a 14.8% increase in upholstery special orders. Average ticket size grew 10.9% to $3,759, reflecting a successful shift toward higher-value design-led transactions and increased pieces per ticket. Management attributed a late-quarter written sales deceleration to the 45-day government shutdown, which created consumer uncertainty despite strong post-Thanksgiving momentum. Inventory levels were intentionally increased by $12.7 million to $96.2 million to front-run potential tariff implementations and ensure immediate product availability. E-commerce written sales grew 12.3%, supported by a refined direct mail strategy that targeted 750,000 new customers with specific pricing and design capabilities. Planned capital expenditures of $33.5 million will fund five new store openings, including an entry into Pennsylvania, and four major remodels. Gross margin guidance of 60.5% to 61% assumes a stabilization of product costs and a reduction in the LIFO pressure experienced in 2025. Management expects to work through current high-cost inventory in the first half of 2026 before the full impact of new Section 122 tariffs is realized. The 2026 SG&A framework anticipates $307 million to $309 million in fixed costs, with 40% of the increase driven by occupancy for new store growth. Strategic refresh of mattress and design centers will reach 35% of the store fleet in 2026, aiming to improve brand visibility and consumer navigation. A $3.9 million LIFO charge in Q4 significantly impacted reported gross margins, though adjusted margins actually improved by 100 basis points. The company is navigating a complex regulatory shift as a 10% Section 122 worldwide tariff replaces invalidated IEEPA and fentanyl tariffs. Management decided to close the Alexandria, Louisiana location in March due to stagnant housing growth and shifting regional demographics. The Board authorized an additional $15 million for share buybacks, bringing total current authorization to approximately $18.3 million. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. T...
Investor releaseQuarter not tagged2026-02-24Haverty Furniture (HVT) Q4 Earnings and Revenues Top Estimates
Zacks
Haverty Furniture (HVT) Q4 Earnings and Revenues Top Estimates
Haverty Furniture (HVT) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.17%. A quarter ago, it was expected that this residential furniture and accessories retailer would post earnings of $0.24 per share when it actually produced earnings of $0.28, delivering a surprise of +16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Haverty Furniture, which belongs to the Zacks Retail - Home Furnishings industry, posted revenues of $201.92 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.25%. This compares to year-ago revenues of $184.35 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Haverty Furniture shares have added about 8.3% since the beginning of the year versus the S&P 500's decline of 0.1%. While Haverty Furniture has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Haverty Furniture was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near f...