Haverty Furn Cl A SC earnings date
Haverty Furn Cl A SC (25F0) Q3 2026 Earnings Report
DE:25F0 Q3 2026 EPS Results
- Actual EPS
- EUR 0.22
- Consensus EPS
- EUR 0.37
- Beat/Miss
- Missed by -EUR 0.15
- One Year Ago EPS
- EUR 0.29
DE:25F0 Q3 2026 Revenue Results
- Actual Revenue
- EUR 181.22M
- Expected Revenue
- EUR 184.54M
- Beat/Miss
- Missed by -EUR 3.32M
- YoY Revenue Growth
- +4.46%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
Haverty Furn Cl A SC's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive, supported by sales, comparable-store, earnings, gross-margin, e-commerce, designer-business, and custom-order growth, along with store expansion, strong liquidity, and a raised gross-margin outlook. These positives outweighed traffic declines, inflationary cost pressures, supply-chain and tariff uncertainty, and higher SG&A expenses.
For calendar year 2026, guidance includes tariffs currently in effect as of November 4, 2026, but excludes any future tariff refunds that may be received from indirectly sourced products; gross margins are expected to be between 61.3% and 61.5%, fixed and discretionary-type SG&A expenses are expected to remain in the $307 million-$309 million range, variable-type costs within SG&A are expected to be in the range of 19.2%-19.4%, planned CapEx remains at $34 million, including $27.7 million for anticipated new or replacement stores, remodels, and expansions, $3.2 million for investments in the distribution network, and approximately $3.1 million for investments in information technology, and the anticipated effective tax rate remains at 26%, excluding the impact of vesting of stock awards and any potential new tax legislation; inventory is expected to end the year somewhere between $90 million and $100 million, depending on product flow and sales, and the company expects to end the year with 133 stores after planning to open five new stores in Q4 and close one that will be a relocation.
- Third-Quarter Sales GrowthNet sales increased 4.5% to $203.2 million, comparable store sales rose 4.1%, total written sales increased 2.8%, and written comparable sales increased 2.3%, despite tougher year-over-year comparisons.
- Higher Profitability and EarningsPre-tax income increased to $8.6 million, or 4.2% of sales, compared with $6.4 million, or 3.3% of sales, last year. Net income rose to $6.3 million, or $0.39 per diluted share, from $4.7 million, or $0.28 per share.
- Gross Margin ExpansionGross margin expanded 200 basis points to 62.3% from 60.3%, including approximately $3.2 million of tariff refunds. Excluding tariff refunds, gross margin was 60.7% versus 60.3% last year, and excluding LIFO expenses, adjusted gross margin was 61.3% versus 60.6%.
- Average Ticket and Conversion StrengthQuarterly traffic declined by mid-single digits, but conversion rates held steady and average ticket increased 7.4%. Management said the average-ticket increase was driven primarily by pricing, with units per ticket remaining fairly flat.
- Improved Monthly and Promotional PerformanceWritten sales ended July up 5.1%. Across August and September combined, business increased 1.7%, and the two-week Labor Day promotion ended with flat sales versus last year because of a strong average ticket and steady conversion rates.
- Designer and Custom-Upholstery GrowthDesigner business grew 4% for the quarter and represented 34.6% of total business, while the designer average ticket increased 7.2%. Custom orders rose to 31.4% of upholstery business, increasing 16.9% year over year.
- Category Performance and Product DevelopmentWritten upholstery business increased by mid-single digits, while occasional bedroom and dining increased by low single digits. The merchandising and supply chain teams continue to bring new products into the assortment.
- E-Commerce and Marketing EfficiencyOrganic traffic to Havertys' website continued to improve, driving double-digit growth in written e-commerce sales for another quarter. Marketing expense was slightly lower for the quarter, while management said the company was getting more from its marketing spend.
- Expanded Use of AIAI usage continued to expand into customer chat, sales and designer interfaces, marketing, supply chain, and home delivery to help teams share relevant and accurate information with customers.
- Store Expansion and New-Market ProgressHavertys ended the quarter with 129 stores. The new Fredericksburg, Virginia market was outperforming traffic and volume expectations. The company planned to open five new stores in the fourth quarter, enter Pennsylvania with the Pittsburgh opening, and finish 2026 with 133 stores and a presence in 18 states.
- Mattress and Design-Center InvestmentsThe ongoing refresh of mattress departments and design centers remained on track for completion in all stores in 2027, with management identifying these improvements as opportunities to grow the two categories.
- Strong Consumer Credit ProfileManagement said the consumer was holding up well. Among customers using Synchrony financing, approximately 90% were approved in-store and had credit scores above 750.
- Healthy Balance Sheet and LiquidityHavertys ended the quarter with $120.3 million of cash and cash equivalents, no funded debt, and $100 million of availability under its revolving credit facility. Customer deposits were $46.2 million, up $10.7 million from December 31, 2025 and up $2.4 million from the prior-year quarter.
- Capital Returns and Investment PlansCapital expenditures totaled $23 million through the first nine months of 2026, and the company paid $15.8 million of regular dividends year to date. The board authorized an additional $15 million of buyback capacity, leaving approximately $16.8 million of remaining authorization. Planned 2026 capital expenditures remain $34 million.
- Raised Gross-Margin GuidanceHavertys expects 2026 gross margins between 61.3% and 61.5%, an increase from prior guidance due to the receipt of tariff refunds. Fixed and discretionary-type SG&A is expected to remain in the $307 million-$309 million range, and the anticipated effective tax rate remains 26%.
- Tariff Refunds ReceivedThe company recognized approximately $3.2 million of tariff refunds during the quarter. Through September 30, 2026, it had received approximately $5.4 million in tariff refunds related to direct and indirect programs.
DE:25F0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | 0.45- | 0.45 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.370.22 | 0.29 | -21.88% (-0.06) | |
| Aug 04, 2026 | 2026 (Q2) | 0.210.22 | 0.14 | 56.25% (+0.08) | |
| May 05, 2026 | 2026 (Q1) | 0.230.29 | 0.21 | 43.48% (+0.09) | |
| Feb 24, 2026 | 2025 (Q4) | 0.430.45 | 0.44 | 4.08% (+0.02) | |
| Oct 29, 2025 | 2025 (Q3) | 0.210.29 | 0.26 | 10.34% (+0.03) | |
| Jul 30, 2025 | 2025 (Q2) | 0.130.14 | 0.24 | -40.74% (-0.10) | |
| Apr 30, 2025 | 2025 (Q1) | 0.120.21 | 0.12 | 64.29% (+0.08) | |
| Feb 24, 2025 | 2024 (Q4) | 0.130.44 | 0.8 | -45.56% (-0.37) | |
| Oct 30, 2024 | 2024 (Q3) | 0.420.26 | 0.91 | -71.57% (-0.65) |
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.
