EarningsQ2 2026 Earnings Report
DE:25F Q2 2026 EPS Results
Actual EPS€0.22
Consensus EPS€0.21
Beat/MissBeat by +€0.02
One Year Ago EPS€0.14
DE:25F Q2 2026 Revenue Results
Actual Revenue€173.96M
Expected Revenue€168.83M
Beat/MissBeat by +€5.13M
YoY Revenue Growth+7.69%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
DE:25F Upcoming Earnings
Haverty's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely positive: the company reported strong top- and bottom-line momentum with EPS doubling, net sales up 7.7%, comps up 8%, gross margin expansion, sequential inventory improvement, healthy cash, no funded debt, ongoing buybacks, and clear progress in design-led, higher-average-ticket sales. Offsetting risks include rising fuel and transportation costs, higher third‑party credit and SG&A pressures, LIFO and tariff uncertainties, and inventories that are higher year-over-year. Management provided guidance that assumes current tariffs and excludes potential future indirect tariff refunds and remains optimistic about H2 execution (store openings, continued design growth, and inventory positioning).Company Guidance
Earnings Per Share Doubled
EPS increased to $0.32 from $0.16 year-over-year, a 100% increase, driven by higher sales, margin expansion and $2.1M of IEEPA tariff refunds recognized in the quarter.
Top-Line Growth and Same-Store Sales Momentum
Net sales were $194.9 million, up 7.7% year-over-year. Comparable store sales increased 8%, and total written sales grew 12.6% (comps up 12.3%). Written sales were double-digit in every month of the quarter (April +10.6%, May +15.7%, June +10.2%).
Gross Margin Expansion
Gross margin expanded 60 basis points to 61.4% from 60.8% year-over-year. Excluding $1.5M of IEEPA tariff refunds and LIFO impacts, adjusted gross margin was roughly stable versus prior year (~60.9%).
Profitability Improvement
Income before taxes rose to $7.4M (3.8% of sales) from $4.3M (2.4% of sales) a year ago. Net income was $5.3M versus $2.7M prior year; effective tax rate improved to 28.5% from 37.8%.
Average Ticket and Design Sales Strength
Average ticket rose 14% to over $3,800; design average ticket increased 15.7% to over $8,800. Design represented 36.5% of business and custom special orders grew 23.6%, supporting higher average transaction value.
Merchandise Category Performance
Every merchandise category was positive for the quarter: double-digit increases in upholstery, bedroom, dining and occasional; mid-single-digit growth in mattresses and decor.
Inventory and Supply Chain Progress
Inventories decreased sequentially from $106.9M at Q1-end to $100.5M at Q2-end. Management expects to end Q3 around $95M (±5%), indicating improved inventory turns and tighter in-stock for best sellers.
Strong Balance Sheet and Capital Deployment
Cash and equivalents of $104.3M, no funded debt, expanded credit availability to $100M. YTD share repurchases of ~723,000 shares for $16.6M (600,000 shares for $13.9M in June) and $10.6M of dividends paid YTD.
Store Growth and Operational Investments
Ended the quarter with 129 stores (opened 2). Plan to open six new stores in H2 2026 to finish the year with ~133 stores. CapEx guidance ~$34M for 2026 with investments in stores, distribution and IT; mattress/ design refreshes underway (over half complete by year-end).
Customer and Channel Momentum
Traffic turned slightly positive for the quarter (delivered comps improved sequentially: +4% April, +8% May, +11% June). Written e-commerce sales were up double digits; organic site traffic and SEO/GEO visibility improved.
Technology and Productivity Enhancements
Expanded use of AI across marketing, supply chain, IT, home delivery, customer chat and designer communications to drive productivity and customer service differentiation.
DE:25F Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed