Haverty Furniture Companies Q1 Earnings Call Highlights

2 weeks ago 12

MarketBeat

Sun, May 10, 2026 astatine 6:06 PM CDT 8 min read

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Q1 results improved with nett income up 4.1% to $189.1 million, comparable income up 4.3%, and net of $0.26 per stock versus $0.23 a twelvemonth ago. Pretax income and operating borderline besides improved twelvemonth implicit year.
Higher tickets and plan services drove growth, with mean summons rising 11.9% to astir $3,700 and plan concern accounting for 35.3% of full business. Management said beardown customized special-order request and faster merchandise assortment helped enactment sales.
Haverty is expanding stores portion managing costs and tariffs, reaffirming its 2026 borderline and SG&A guidance contempt tariff, substance and financing pressures. The institution ended Q1 with nary funded debt, $107.5 cardinal successful cash, and plans caller stores successful respective markets portion selectively closing weaker locations.

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Haverty Furniture Companies (NYSE:HVT) reported higher first-quarter income and net arsenic comparable income remained affirmative for a 3rd consecutive quarter, portion absorption pointed to stronger mean tickets, maturation successful plan services and an expanded store pipeline for 2026.

President and CEO Steve Burdette said first-quarter nett income roseate 4.1% to $189.1 million, with comparable income up 4.3%. Total written income accrued 6.4%, portion comparable written income roseate 7%. The institution reported pretax income of $6 million, representing a 3.2% operating margin, compared with $5.3 cardinal and a 2.9% operating borderline successful the prior-year quarter. Earnings were $0.26 per share, up from $0.23 per stock a twelvemonth earlier.

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“We are excited to study different summation successful some written and delivered comp income for Q1, marking our 3rd consecutive 4th of affirmative comps,” Burdette said.

Average Ticket and Design Business Drive Sales Growth

Burdette said written income benefited successful portion from a beardown two-week play starring into Presidents’ Day weekend, erstwhile income were up 8.3%. Traffic was down successful the debased azygous digits during the quarter, contempt upwind disruptions successful January and the commencement of what Burdette referred to arsenic Operation Epic Fury successful March.

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The company’s mean summons accrued 11.9% to astir $3,700. Haverty’s plan concern accounted for 35.3% of full concern successful the 4th and roseate 6.3%, portion the plan mean summons accrued 11.7% to astir $8,300. The customized peculiar bid concern roseate 10.1% and represented 34.5% of upholstered business, which Burdette attributed to continued occurrence successful design.

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