Havertys Q4 Sales Rise 9.5% to $201.9M, Authorizes $15M Buybacks
Havertys’ Q4 EPS rose to $0.51 from $0.49 as consolidated sales grew 9.5% to $201.9 million with comparable-store sales up 8.2%, while gross margin narrowed to 60.4% (62.4% ex-LIFO). For FY2025, sales climbed 5% to $759.0 million, pre-tax income reached $26.8 million, and a new $15 million share repurchase was authorized.
1. Fourth Quarter 2025 Results
Havertys reported diluted EPS of $0.51 in Q4 2025, up from $0.49, while consolidated sales rose 9.5% to $201.9 million and comparable-store sales increased 8.2%. Gross profit margin decreased 150 basis points to 60.4% due to a $3.9 million negative LIFO reserve impact, and SG&A expenses declined to 55.7% of sales.
2. Full Year 2025 Performance and Capital Returns
For full-year 2025, consolidated sales grew 5% to $759.0 million with flat EPS of $1.19 and pre-tax income of $26.8 million. The company returned $25.6 million to shareholders through $4.8 million in share repurchases and $20.8 million in dividends, and the board approved an additional $15 million repurchase authorization.
3. Balance Sheet Strength and Cash Flow
At December 31, 2025, cash and equivalents were $131.9 million with no debt and $80 million in available credit. Operating activities generated $52.6 million in cash, while capital expenditures totaled $19.7 million.
4. 2026 Guidance and Expansion Plans
The company expects 2026 gross profit margins of 60.5%–61.0%, SG&A expenses of $307.0–$309.0 million, and capital spending of about $33.5 million. Havertys plans to open five new stores, including its first location in Pittsburgh, and continues to assess potential tariff impacts.