Haverty Furniture Q3 revenue rises 4.5%
HVT•Haverty Furniture's Q3 revenue rose 4.5% year over year to $203.2 million, while diluted EPS increased to $0.39 from $0.28. The company raised its 2026 gross margin outlook to 61.3%-61.5%.
1. Quarterly results
Q3 revenue rose 4.5% year over year to $203.2 million, below the $206.87 million consensus estimate. Diluted EPS increased to $0.39 from $0.28, net income was $6.3 million, and gross margin reached 62.3%. Comparable-store sales rose 4.1%.
2. Outlook and costs
The company expects 2026 gross profit margin of 61.3% to 61.5%, raised from its prior guidance. It expects variable selling, general and administrative expenses at 19.2% to 19.4% of sales and fixed and discretionary expenses of $307 million to $309 million. Gross margin benefited from about $3.2 million in IEEPA tariff refunds, while SG&A expenses rose due to higher sales commissions, credit costs and administrative expenses.
