HVT
Haverty Furniture Companies, Inc.24.58
-0.45-1.8%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details trends, tariffs firm
Q&A unpacked Q4 trends, showing written comps decelerating from high-single-digit gains in October to low-single-digit declines in December—yet deliveries jumped nearly 15% that month. Management brushed off demand flags as tough prior-year traffic comps and government shutdown fallout, stressing design-fueled ticket growth. Tariffs drew scrutiny: no hasty pricing hikes, with first-half inventory work-through and guidance holding even at 15%, expiring July 24. Mattress refresh is lifting results versus industry mid-single-digit drops. Variable SG&A stays flat despite sales leverage, offset by commissions and credit. Answers mostly affirm scripted momentum. Investors watch tariff evolution.
Key Stats
Market Cap
399.84MP/E (TTM)
21.01Basic EPS (TTM)
1.17Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
Havertys posted FY2025 net sales of $759M, up 5.0% y/y despite tariff headwinds, with comp-store sales rising 2.1% on pricing actions and marketing gains. Q4 accelerated sharply to $202M (+9.5% y/y, +8.2% comp), capping sequential comp gains of -4.8% Q1, -2.3% Q2, +7.1% Q3. Gross margins held steady at 60.7% amid LIFO drag, while SG&A edged to 57.9% of sales on higher commissions and admin costs; net income slipped to $19.7M ($1.19 diluted EPS). Debt-free with $132M cash, the firm repurchased $4.8M in shares and paid $20.8M dividends. Economic weakness could stall quarterly momentum.
8-K
Q4 sales jump 9.5%
Havertys posted Q4 sales up 9.5% to $201.9M with comps rising 8.2%, diluted EPS edging to $0.51 from $0.49, yet gross margins slipped to 60.4% on LIFO charges. Full-year sales grew 5.0% to $759.0M, pre-tax income $26.8M; Board added $15M to buybacks. Sales surged. Plans five 2026 stores amid tariff risks.
8-K
Elects Kendrick Smith to board
Haverty Furniture expanded its board to 11 members by electing E. Kendrick Smith, effective February 17, 2026, until the 2026 annual meeting. A veteran litigator with 40+ years and past role as the company's primary outside counsel, he's the brother of Executive Chairman Clarence H. Smith, rendering him non-independent. Board adds his industry knowledge. Leadership stays steady.
10-Q
Q3 FY2025 results
Haverty's Q3 sales jumped 10.6% y/y to $194.5M, with comps up 7.1%, driving gross margin steady at 60.3%; YTD sales rose 3.4% to $557.1M yet income before taxes slipped to $12.2M from $11.9M as SG&A climbed 11.3% on higher advertising and admin costs. Diluted EPS held at $0.28, reconciled via two-class method with 16.6M shares. Cash swelled to $130.5M, operating cash flow hit $45.3M YTD, free cash flow $30.0M (derived), with $80M revolver fully available through 2027. Solid liquidity funds dividends and $2M buybacks. Tariffs loom large.
8-K
Q3 sales surge 10.6%
Haverty Furniture reported third-quarter 2025 sales of $194.5 million, up 10.6% from last year, with comparable store sales rising 7.1% on stronger traffic and higher tickets. Gross margins edged to 60.3%, but SG&A climbed to 57.8% of sales, yielding diluted EPS of $0.28, nearly flat. Marketing investments fueled the rebound; yet tariffs loom as a key risk. Momentum builds.
IPO
Website
Employees
Sector
Industry
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