Havertys posts 4.5% gain in Q3 to $203.2 million
Key points
- Haverty Furniture Companies reported third-quarter 2026 sales of $203.2 million, up 4.5% year over year, while comparable-store sales increased 4.1%.
- Net income increased to $6.3 million from $4.7 million, while diluted earnings rose to $0.39 per share from $0.28, supported partly by tariff refunds.
- Havertys raised its full-year 2026 gross margin outlook to 61.3%–61.5% and plans five fourth-quarter store openings, bringing its network to 133 locations.
Haverty Furniture Companies (NYSE:HVT) reported third-quarter 2026 sales of $203.2 million, up 4.5%, as comparable-store sales increased 4.1%.
Net income rose to $6.3 million from $4.7 million, while diluted earnings increased to $0.39 per share from $0.28.
Gross margin increased to 62.3% from 60.3%, including approximately $3.2 million in tariff refunds, while adjusted diluted earnings excluding refunds were $0.25 per share.
Havertys raised its 2026 gross margin forecast to 61.3%–61.5% and expects variable selling, general and administrative expenses of 19.2%–19.4% of sales.
Nine-month operating cash flow reached $52.4 million, up from $45.3 million, while free cash flow declined to $29.4 million from $30.0 million.
The furniture retailer plans five fourth-quarter store openings, including its Pittsburgh market entry, and ended September with $127 million in cash and no outstanding debt.
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