Haverty Furniture Q2 sales rise, profit doubles - HVT News | RalliesHaverty Furniture Q2 sales rise, profit doubles
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HVT• Outlook
- Company expects 2026 gross profit margin between 60.5% and 61.0%, unchanged from prior guidance
- Company sees 2026 fixed and discretionary SG&A expenses at $307.0 mln to $309.0 mln, unchanged
- Variable SG&A expenses for 2026 expected at 18.7% to 18.9% of sales, up from prior guidance
Result drivers
- Memorial Day sales - Co said strong Memorial Day weekend performance, with double-digit average ticket growth, contributed to Q2 results
- Tariff refunds - Gross margin benefited from about $1.5 mln in IEEPA tariff refunds
- Design consultants - Increased contribution from design consultants, accounting for 36.5% of written business, up from 33.4% last year
Analyst coverage
- Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $29.50, about 14.3% above its August 3 closing price of $25.82
- The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Quarterly results
- Home furnishings retailer's Q2 sales rose 7.7% yr/yr
| | | |
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| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | Beat | $194.90 mln | $189.19 mln (2 Analysts) |
| Q2 EPS | | $0.32 | |
| Q2 Net Income | | $5.30 mln | |
| Q2 Gross Margin | | 61.40% | |
| Q2 Gross Profit | | $119.70 mln | |
| Q2 Pretax Profit | | $7.40 mln | |
