Haverty Furniture Companies Inc (HVT)

Havertys Furniture Second Quarter 2026 Cash DividendMay 15, 2026 4:11 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / May 15, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A) ("Havertys" or the "Company") today announced that its Board of Directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.33?per share on the common stock and $0.31 per share on the Class A common stock.?The dividend is payable on June 16, 2026, to stockholders of record at the close of business on June 1, 2026. Havertys has paid a cash dividend each year since 1935.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 130 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:
Havertys 404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.Related Documents:2026-05-15hvtq2dividendenView the original press release on ACCESS NewswireOriginal: Havertys Furniture Second Quarter 2026 Cash Dividend

Havertys Furniture Reports Operating Results for First Quarter 2026May 5, 2026 6:45 AM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / May 5, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT and HVT.A), today reported operating results for the first quarter ended March 31, 2026.First Quarter 2026 versus First Quarter 2025:Diluted earnings per common share ("EPS") of $0.26 versus $0.23.Consolidated sales increased 4.1% to $189.1 million.Comparable store sales increased 4.3%.Gross profit margin was 61.5% compared to 61.2%.Steven G. Burdette, President and CEO said, "We are pleased with our first quarter results, delivering written business, delivered sales, and comp-store sales growth for a third consecutive quarter. Performance was led by strong Presidents' Day demand, gross profit margin expansion, and higher average tickets.Our design program continues to be a key growth driver and differentiator for Havertys. Designer average tickets remain more than double our overall average ticket, and the program accounted for 35.3% of written business during the quarter, up over 200 basis points from 2025. We are excited about the program's trajectory and see significant opportunity ahead as we continue to provide a high-quality experience for our customers.We also continued to execute on our store growth strategy, signing new store leases in the Dallas, TX, Atlanta, GA, and Fredericksburg, VA markets. With a strong balance, no funded debt, and sustained momentum across key operating metrics, we remain well positioned to continue growing our store base and execute on our long-term objectives."First Quarter ended March 31, 2026 Compared to Same Period of 2025Total sales up 4.1%, comp-store sales up 4.3% for the quarter. Total written business increased 6.4% and comp-store written business increased 7.0% for the quarter.Design consultants accounted for 35.3% of written business in 2026 and 33.2% in 2025.Gross profit margins increased to 61.5% in 2026 from 61.2% in 2025.SG&A expenses were 58.9% of sales versus 59.0% and increased $4.1 million. The primary drivers of this change are:increase in selling expense of $2.4 million primarily due to higher commissioned-based compensation and third-party credit costsincrease in administrative expenses of $0.8 million primarily from increased salaries and related benefits.increase in occupancy costs of $0.6 million related to new stores and the timing of repairs and maintenance.Balance Sheet and Cash Flow for the Three Months Ended March 31, 2026Cash, cash equivalents, and restricted cash equivalents at March 31, 2026 are $114.1 million.Invested $7.0 million in capital expenditures.Purchased approximately 91,000 shares of common stock for $2.0 million.Paid $5.3 million in quarterly cash dividends.No debt outstanding at March 31, 2026, and credit availability of $80.0 million.Expectations and OtherOur 2026 guidance includes tariffs currently in effect as of May 5, 2026. We are closely monitoring the tariff developments to manage our exposure and minimize the effects on our business.Our expectations for gross profit margins for 2026 are between 60.5% to 61.0%, unchanged from our previous guidance. Gross profit margins fluctuate quarter to quarter in relation to our promotional cadence.Fixed and discretionary expenses within SG&A for the full year of 2026 are expected to be in the $307.0 to $309.0 million range, unchanged from our previous guidance. Variable SG&A expenses for the full year of 2026 are anticipated to be in the 18.6% to 18.8% range.Our effective tax rate for 2026 is expected to be 26.0%, excluding the impact from discrete items and any new tax legislation.Planned capital expenditures for the full year of 2026 are approximately $34.0 million, an increase from our previous guidance due to store growth.Key Results
(amounts in millions, except per share amounts)Results of Operations Three Months Ended March 31, 2026 2025 Sales $189.1 $181.6 Gross Profit 116.2 111.1 Gross profit as a % of sales 61.5% 61.2% SGA Variable 36.3 33.6 Fixed 75.0 73.6 Total 111.3 107.2 SGA as a % of sales Variable 19.2% 18.5%Fixed 39.7% 40.5%Total 58.9% 59.0% Pre-tax income 6.0 5.3 Pre-tax income as a % of sales 3.2% 2.9%Net income 4.3 3.8 Net income as a % of sales 2.3% 2.1% Diluted earnings per share ("EPS") $0.26 $0.23 Other Financial and Operations Data Three Months Ended March 31, 2026 2025 EBITDA (in millions)(1) $11.3 $9.9 Sales per square foot $169 $162 Average ticket $3,707 $3,314 Liquidity Measures Three Months Ended March 31, Three Months Ended March 31, Free Cash Flow 2026 2025 Cash Returns to Shareholders 2026 2025 Operating cash flow $(2.9) $6.2 Share repurchases $2.0 $2.0 Dividends 5.3 5.2 Capital expenditures (7.0) (6.1)Cash returns to shareholders $7.3 $7.2 Free cash flow $(9.9) $0.1 Cash at period end $114.1 $118.3 (1) See the reconciliation of the non-GAAP metrics at the end of the release.HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited) Three Months Ended
March 31, (In thousands, except per share data) 2026 2025 Net sales $189,050 $181,567 Cost of goods sold(exclusive of depreciation and amortization) 72,833 70,484 Gross profit 116,217 111,083 Expenses: Selling, general and administrative 111,277 107,202 Other income, net (53) (158)Total expenses 111,224 107,044 Income before interest and income taxes 4,993 4,039 Interest income, net 967 1,254 Income before income taxes 5,960 5,293 Income tax expense 1,699 1,515 Net income $4,261 $3,778 Basic earnings per share: Common Stock $0.27 $0.24 Class A Common Stock $0.25 $0.21 Diluted earnings per share: Common Stock $0.26 $0.23 Class A Common Stock $0.25 $0.21 Cash dividends per share: Common Stock $0.33 $0.32 Class A Common Stock $0.31 $0.30 HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)(In thousands) March 31,
2026 December 31,
2025 March 31,
2025 Assets Current assets Cash and cash equivalents $107,456 $125,325 $111,941 Restricted cash and cash equivalents 6,606 6,547 6,347 Inventories 106,861 96,155 88,704 Prepaid expenses 12,055 10,236 12,025 Other current assets 7,840 11,064 13,722 Total current assets 240,818 249,327 232,739 Property and equipment, net 178,693 177,207 182,002 Right-of-use lease assets 193,783 190,586 193,928 Deferred income taxes 20,786 19,301 18,001 Other assets 13,261 12,631 16,020 Total assets $647,341 $649,052 $642,690 Liabilities and Stockholders' Equity Current liabilities Accounts payable $19,281 $15,447 $16,850 Customer deposits 40,419 35,504 42,760 Accrued liabilities 36,178 46,531 32,361 Current lease liabilities 35,070 35,967 36,676 Total current liabilities 130,948 133,449 128,647 Noncurrent lease liabilities 184,168 180,450 181,065 Other liabilities 25,614 27,224 27,617 Total liabilities 340,730 341,123 337,329 Stockholders' equity 306,611 307,929 305,361 Total liabilities and stockholders' equity $647,341 $649,052 $642,690 HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)(In thousands) Three Months Ended
March 31, 2026 2025 Cash Flows from Operating Activities: Net income $4,261 $3,778 Adjustments to reconcile net income to net cash(used in) provided by operating activities: Depreciation and amortization 6,283 5,895 Share-based compensation expense 2,376 2,080 Other (1,454) (924)Changes in operating assets and liabilities: Inventories (10,706) (5,285)Customer deposits 4,915 2,027 Other assets and liabilities (1,211) 3,124 Accounts payable and accrued liabilities (7,365) (4,541)Net cash (used in) provided by operating activities (2,901) 6,154 Cash Flows from Investing Activities: Capital expenditures (6,954) (6,127)Proceeds from sale of land, property, and equipment 21 5 Net cash used in investing activities (6,933) (6,122) Cash Flows from Financing Activities: Dividends paid (5,309) (5,173)Common stock repurchased (1,990) (2,000)Taxes on vested restricted shares (677) (885)Net cash used in financing activities (7,976) (8,058) Decrease in cash, cash equivalents, and restricted cash equivalents during the period (17,810) (8,026)Cash, cash equivalents, and restricted cash equivalents at beginning of period 131,872 126,314 Cash, cash equivalents, and restricted cash equivalents at end of period $114,062 $118,288 GAAP to Non-GAAP ReconciliationWe report our financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that EBITDA is a meaningful measure to share with investors as useful information on our operating results and to provide additional information with respect to key metrics used by management in its financial and operational decision making. The non-GAAP financial measures we use in this release may be different from non-GAAP financial measures, including similarly titled measures, used by other companies.Reconciliation of GAAP measures to EBITDA
Three Months Ended March 31, (in thousands) 2026 2025 Income before income taxes, as reported $5,960 $5,293 Interest income, net (967) (1,254)Depreciation and amortization 6,283 5,895 EBITDA $11,276 $9,934 Comparable Store Sales?Comparable-store or "comp-store" sales is a measure which indicates the performance of our existing stores and website by comparing the sales growth for stores and online for a particular month over the corresponding month in the prior year. Stores are considered non-comparable if they were not open during the corresponding month or if the selling square footage has been changed significantly.Cost of Goods Sold and SG&A Expense?We include substantially all our occupancy and home delivery costs in SG&A expense as well as a portion of our warehousing expenses.? Accordingly, our gross profit may not be comparable to those entities that include these costs in cost of goods sold.?We classify our SG&A expenses as either variable or fixed and discretionary.? Our variable expenses are comprised of selling and delivery costs.? Selling expenses are primarily compensation and related benefits for our commission-based sales associates, the discount we pay for third party financing of customer sales and transaction fees for credit card usage.? We do not outsource delivery, so these costs include personnel, fuel, and other expenses related to this function.? Fixed and discretionary expenses are comprised of rent, depreciation and amortization and other occupancy costs for stores, warehouses and offices, and all advertising and administrative costs.?Conference Call InformationThe company invites interested parties to listen to the live webcast of the conference call on May 5, 2026 at 10:00 a.m. ET at its website, ir.havertys.com. If you cannot listen live, a replay will be available on the day of the conference call at the website at approximately 1:00 p.m. ET.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE:HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website www.havertys.com.?Safe HarborThis press release contains, and the conference call may contain forward-looking statements subject to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are subject to risks and uncertainties and change based on various important factors, many of which are beyond our control.All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, our expectations for retail and operating margins, selling square footage and capital expenditures for 2026, our liquidity position to continue to fund our growth plans, and our efforts and initiatives to execute our strategic plan.We caution that our forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information you are cautioned not to place undue reliance on our forward-looking statements, and they should not be relied upon as a prediction of actual results. Factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements include but are not limited to: competition from national, regional and local retailers of home furnishings; our ability to anticipate changes in consumer preferences; our ability to successfully implement our growth and other strategies; our ability to maintain and enhance our brand; importing merchandise from foreign sources; fluctuations and volatility in the cost of raw materials and components; our dependence on third-party producers to meet our requirements; our vendors' ability to meet our quality control standards or comply with changes to the legislative or regulatory framework regarding product safety; risks in our supply chain, including price, availability and quality of raw materials and components utilized in the products we sell and our ability to forecast our supply chain needs; our reliance on third-party transportation vendors for product shipments from our suppliers; the effects of labor disruptions or labor shortages; and our ability to attract and retain key employees; the rise of oil and gasoline prices; increased transportation costs; damage to one of our distribution centers; the vulnerability of our information technology infrastructure to cyber-attacks, breaches and other disruptions; changes in general domestic and international economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions, and changing government policies, laws and regulations; pending or unforeseen litigation; as well as other risks and uncertainties discussed in the Company's Annual Report on Form 10-K for 2025 and from time to time in the Company's subsequent filings with the SEC.Forward-looking statements describe our expectations only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K, and other reports filed with the SEC.?Contact:Havertys Furniture 404-443-2900
Tiffany Hinkle
AVP, Financial Reporting
investor.relations@havertys.comSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture Reports Operating Results for First Quarter 2026

Havertys Furniture To Announce First Quarter 2026 Results on May 5, 2026April 28, 2026 4:10 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / April 28, 2026 / HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVT)(NYSE:HVT.A) will release its first quarter 2026 financial results on Tuesday, May 5, 2026, before the market opens, followed by a conference call with investors and analysts at 10:00 a.m. ET to discuss the results of its operations.Havertys invites interested parties to listen to the live webcast of the conference call on its website at http://ir.havertys.com. The webcast will be archived and available for replay beginning at approximately 1:00 p.m. ET on May 5.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:Havertys 404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture To Announce First Quarter 2026 Results on May 5, 2026

Havertys Furniture Announces Participation in Loop Capital Markets 2026 Investor Conference and UBS Global Consumer and Retail ConferenceMarch 3, 2026 4:10 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / March 3, 2026 / HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVT, HVT.A) announced today that Steven G. Burdette, President and CEO, and Richard B. Hare, Executive Vice President and CFO will participate in the Loop Capital Markets' 2026 Investor Conference on Tuesday, March 10, 2026, and the UBS Global Consumer and Retail Conference on Wednesday, March 11, and Thursday, March 12, 2026. To schedule a meeting, please contact your conference representative.There will be a fireside chat presentation on March 11, 2026, at 2:00 pm EST. The presentation will be available on the Events & Presentations page of the Investor Relations section of the Company's website at ir.havertys.com.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:Havertys Furniture
404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture Announces Participation in Loop Capital Markets 2026 Investor Conference and UBS Global Consumer and Retail Conference

Havertys Reports Operating Results for Fourth Quarter 2025February 24, 2026 7:15 AM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / February 24, 2026 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), today reported its operating results for the fourth quarter ended December 31, 2025.Fourth quarter 2025 versus fourth quarter 2024:Diluted earnings per common share ("EPS") of $0.51 versus $0.49.Consolidated sales increased 9.5% to $201.9 million. Comparable store sales increased 8.2%.Gross profit margin of 60.4% versus 61.9%. Excluding the impact of LIFO, gross profit margin was 62.4% for 2025 and 61.4% for 2024.FY 2025 versus FY 2024:Diluted earnings per common share ("EPS") of $1.19 for 2025 and 2024.Consolidated sales increased 5.0% to $759.0 million. Comparable store sales increased 2.1%.Gross profit margin was 60.7% for 2025 and 2024. Excluding the impact of LIFO, gross profit margin was 61.3% for 2025 and 60.6% for 2024.Pre-tax income of $26.8 million versus $26.2 million.Stock Repurchase Program:The Board of Directors approved an additional $15 million authorization for the Company's stock repurchase program.Steven G. Burdette, President and CEO, said, "Our fourth quarter results were highlighted by our second consecutive quarter of growth in both written and delivered sales and comp-store sales. This sustained momentum reflects the effectiveness of our customer-first approach and strategic marketing investments, which continue to drive traffic and increase average tickets while maintaining strong gross margins, even as we navigate persistent industry headwinds. We are pleased to announce that we plan to enter our 18th state, in Pittsburgh, Pennsylvania, later this year, bringing our total planned store openings for 2026 to five locations.In 2025, we returned $25.6 million to our shareholders through $4.8 million in share repurchases and $20.8 million in quarterly dividends. Our disciplined capital management approach reflects our commitment to delivering long-term value while maintaining the financial strength needed to grow in a challenging environment.Our 2025 results demonstrate that our strategic initiatives and clear value proposition continue to resonate. We are encouraged by the positive momentum in our business and remain focused on delivering sustainable growth and long-term value for our customers and shareholders."Fourth Quarter ended December 31, 2025 Compared to Same Period of 2024Total sales up 9.5%, comp-store sales up 8.2% for the quarter. Total written sales increased 3.5% and written comp-store sales increased 3.2% for the quarter.Design consultants accounted for 33.3% of written business in 2025 and 31.8% in 2024.Gross profit margins decreased 150 basis points to 60.4% in 2025 from 61.9% in 2024. In 2025, the change in LIFO reserve generated a negative impact of $3.9 million compared to a positive impact of $0.9 million in 2024.SG&A expenses were 55.7% of sales versus 57.4% and increased $6.6 million. The primary drivers of this change are:increase of $2.9 million in selling expenses due to higher commissioned-based compensation and third-party credit costs.increase of $3.1 million in administrative expenses due to performance-based incentive compensation and stock based compensation costs.Balance Sheet and Cash FlowCash, cash equivalents, and restricted cash equivalents at December 31, 2025 are $131.9 million.Generated $52.6 million in cash from operating activities primarily from earnings and changes in working capital, including a $12.7 million increase in inventories, a $5.2 million decrease in customer deposits, a $12.3 million decrease in other assets and liabilities and an $8.1 million increase in accrued liabilities and vendor repayments.Invested $19.7 million in capital expenditures.Purchased 216,482 shares of common stock for $4.8 million.Paid $20.8 million in quarterly cash dividends in 2025.No debt outstanding at December 31, 2025 and credit availability of $80.0 million.Expectations and OtherOn February 20, 2026, the Supreme Court invalidated the tariffs imposed by the administration under the International Emergency Economic Protection Act during 2025, and the administration announced its intention to impose new tariffs under different regulations. Our 2026 guidance includes the impact of the new tariffs announced by the administration. We continue to monitor tariff developments and assess their potential impact on our business as such changes could have a material impact on our results of operations.We expect gross profit margins for 2026 will be between 60.5% to 61.0%. Gross profit margins fluctuate quarter to quarter in relation to our promotional cadence. Our estimated gross profit margins for 2026 are based on anticipated product and freight costs and the impact on our LIFO reserve.Fixed and discretionary expenses within SG&A for the full year of 2026 are expected to be in the $307.0 to $309.0 million range. The increases over 2025 are primarily from store growth and inflation. Variable SG&A expenses for the full year of 2026 are anticipated to be in the 18.6% to 18.8% range.Our effective tax rate for 2026 is expected to be 26.0% excluding the impact of discrete items and any new tax legislation.Planned capital expenditures are approximately $33.5 million in 2026, an increase over 2025 due to our planned store growth for the year.Stock Repurchase ProgramThe Company also reported today that, on February 20, 2026, its Board of Directors approved a new authorization under its stock repurchase program that permits the Company to purchase an additional $15.0 million of its common stock and Class A common stock. As of February 24, 2026, there is approximately $18.3 million remaining under the existing authorization. Shares may be repurchased, at the Company's discretion, from time-to-time in the open market.Key Results
(amounts in millions, except per share amounts)Results of Operations Three Months EndedDecember 31, Twelve Months EndedDecember 31, 2025 2024 2025 2024 Sales $201.9 $184.4 $759.0 $722.9 Gross Profit 122.0 114.2 460.5 439.1 Gross profit as a % of sales 60.4% 61.9% 60.7% 60.7% SGA Variable 38.2 34.8 141.6 139.8 Fixed 74.3 71.0 297.7 279.4 Total 112.5 105.8 439.3 419.2 SGA as a % of sales Variable 18.9% 18.9% 18.7% 19.4%Fixed 36.8% 38.5% 39.2% 38.6%Total 55.7% 57.4% 57.9% 58.0% Pre-tax income 10.8 9.6 26.8 26.2 Pre-tax income as a % of sales 5.3% 5.2% 3.5% 3.6%Net income 8.5 8.2 19.7 20.0 Net income as a % of sales 4.2% 4.4% 2.6% 2.8% Diluted earnings per share ("EPS") $0.51 $0.49 $1.19 $1.19 Other Financial and Operations Data Twelve Months Ended December 31, 2025 2024 EBITDA (in millions) (1) $45.5 $41.7 Sales per square foot $167 $164 Average ticket $3,530 $3,371 Liquidity Measures Twelve Months Ended December 31, Twelve Months Ended December 31, Free Cash Flow 2025 2024 Cash Returns to Shareholders 2025 2024 Operating cash flow $52.6 $58.9 Share repurchases $4.8 $5.0 Capital expenditures (19.7) (32.1)Dividends 20.8 20.5 Free cash flow $32.9 $26.8 Cash return to shareholders $25.6 $25.5 See the reconciliation of the non-GAAP metrics at the end of the release.HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited) Three Months Ended
December 31, Twelve Months Ended
December 31, (In thousands, except per share data) 2025 2024 2025 2024 Net sales $201,919 $184,353 $758,995 $722,899 Cost of goods sold 79,871 70,196 298,498 283,821 Gross profit 122,048 114,157 460,497 439,078 Expenses: Selling, general and administrative 112,463 105,826 439,327 419,221 Other expense (income), net 29 200 (543) (214)Total expenses 112,492 106,026 438,784 419,007 Income before interest and income taxes 9,556 8,131 21,713 20,071 Interest income, net 1,233 1,501 5,120 6,082 Income before income taxes 10,789 9,632 26,833 26,153 Income tax expense 2,255 1,437 7,103 6,197 Net income $8,534 $8,195 $19,730 $19,956 Basic earnings per share: Common Stock $0.53 $0.50 $1.22 $1.23 Class A Common Stock $0.50 $0.48 $1.14 $1.15 Diluted earnings per share: Common Stock $0.51 $0.49 $1.19 $1.19 Class A Common Stock $0.50 $0.47 $1.14 $1.15 Cash dividends per share: Common Stock $0.33 $0.32 $1.29 $1.26 Class A Common Stock $0.31 $0.30 $1.21 $1.18 HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)(In thousands) December 31,
2025 December 31,
2024 Assets Current assets Cash and cash equivalents $125,325 $120,034 Restricted cash and cash equivalents 6,547 6,280 Inventories 96,155 83,419 Prepaid expenses 10,236 14,576 Other current assets 11,064 14,587 Total current assets 249,327 238,896 Property and equipment, net 177,207 182,622 Right-of-use lease assets 190,586 194,411 Deferred income taxes 19,301 17,075 Other assets 12,631 15,743 Total assets $649,052 $648,747 Liabilities and Stockholders' Equity Current liabilities Accounts payable $15,447 $14,914 Customer deposits 35,504 40,733 Accrued liabilities 46,531 39,635 Current lease liabilities 35,967 36,283 Total current liabilities 133,449 131,565 Noncurrent lease liabilities 180,450 182,096 Other liabilities 27,224 27,525 Total liabilities 341,123 341,186 Stockholders' equity 307,929 307,561 Total liabilities and stockholders' equity $649,052 $648,747 HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)(In thousands) Twelve Months Ended December 31, 2025 2024 Cash Flows from Operating Activities: Net income $19,730 $19,956 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 23,822 21,611 Net loss on asset impairment 469 - Stock-based compensation 7,311 6,742 Deferred income taxes (2,145) (1,472)Net gain on sale of land, property, and equipment (15) (153)Other 1,094 1,123 Changes in operating assets and liabilities: Inventories (12,736) 10,537 Customer deposits (5,229) 4,896 Other assets and liabilities 12,254 7,051 Accounts payable and accrued liabilities 8,089 (11,382)Net cash provided by operating activities 52,644 58,909 Cash Flows from Investing Activities: Capital expenditures (19,672) (32,092)Proceeds from sale of land, property and equipment 111 461 Net cash used in investing activities (19,561) (31,631) Cash Flows from Financing Activities: Dividends paid (20,837) (20,468)Common stock repurchased (4,778) (4,991)Taxes on vested restricted shares (1,910) (3,282)Net cash used in financing activities (27,525) (28,741) Change in cash, cash equivalents and restricted cash equivalents during the period 5,558 (1,463)Cash, cash equivalents and restricted cash equivalents at beginning of period 126,314 127,777 Cash, cash equivalents and restricted cash equivalents at end of period $131,872 $126,314 GAAP to Non-GAAP ReconciliationWe report our financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that EBITDA is a meaningful measure to share with investors because it allows comparison of operational performance for the comparable period. Additionally, we believe that gross profit margin, excluding the impact of LIFO, is a meaningful measure to share because it removes the volatility created by LIFO adjustments resulting from the tariff-related U.S. policy changes in 2025.Reconciliation of GAAP measures to EBITDA Twelve Months Ended December 31, (in thousands) 2025 2024 Income before income taxes, as reported $26,833 $26,153 Interest income, net (5,120) (6,082)Depreciation 23,822 21,611 EBITDA $45,535 $41,682 Gross profit margin, excluding the impact of LIFO Three Months Ended December 31, (in thousands) 2025 2024 Net sales $201,919 $184,353 Cost of goods sold 79,871 70,196 Gross profit $122,048 $114,157 LIFO Adjustment 3,895 (900)Gross Profit, excluding the impact of LIFO $125,943 $113,257 Gross Profit Margin, excluding the impact of LIFO 62.4% 61.4% Twelve Months Ended December 31, (in thousands) 2025 2024 Net sales $758,995 $722,899 Cost of goods sold 298,498 283,821 Gross profit $460,497 $439,078 LIFO Adjustment 4,649 (807)Gross Profit, excluding the impact of LIFO $465,146 $438,271 Gross Profit Margin, excluding the impact of LIFO 61.3% 60.6%Comparable Store Sales?
Comparable-store or "comp-store" sales is a measure which indicates the performance of our existing stores and website by comparing the sales growth for stores and online for a particular month over the corresponding month in the prior year. Stores are considered non-comparable if they were not open during the corresponding month or if the selling square footage has been changed significantly.Cost of Goods Sold and SG&A Expense?
We include substantially all our occupancy and home delivery costs in SG&A expense as well as a portion of our warehousing expenses.? Accordingly, our gross profit may not be comparable to those entities that include these costs in cost of goods sold.?We classify our SG&A expenses as either variable or fixed and discretionary.? Our variable expenses are comprised of selling and delivery costs.? Selling expenses are primarily compensation and related benefits for our commission-based sales associates, the discount we pay for third party financing of customer sales and transaction fees for credit card usage.? We do not outsource delivery, so these costs include personnel, fuel, and other expenses related to this function.? Fixed and discretionary expenses are comprised of rent, depreciation and amortization and other occupancy costs for stores, warehouses and offices, and all advertising and administrative costs.?Conference Call Information
The company invites interested parties to listen to the live webcast of the conference call on February 24, 2026 at 10:00 a.m. ET at its website, ir.havertys.com. If you cannot listen live, a replay will be available on the day of the conference call at the website at approximately 12:00 p.m. ET.About Havertys
Havertys (NYSE:HVT) and (NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website havertys.com.?Safe Harbor
This press release contains, and the conference call may contain forward-looking statements subject to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are subject to risks and uncertainties and change based on various important factors, many of which are beyond our control.All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, our expectations for retail and operating margins, selling square footage and capital expenditures for 2026, our liquidity position to continue to fund our growth plans, and our efforts and initiatives to execute our strategic plan.We caution that our forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information you are cautioned not to place undue reliance on our forward-looking statements, and they should not be relied upon as a prediction of actual results. Factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements include but are not limited to: competition from national, regional and local retailers of home furnishings; our ability to anticipate changes in consumer preferences; our ability to successfully implement our growth and other strategies; our ability to maintain and enhance our brand; importing merchandise from foreign sources; fluctuations and volatility in the cost of raw materials and components; our dependence on third-party producers to meet our requirements; our vendors' ability to meet our quality control standards or comply with changes to the legislative or regulatory framework regarding product safety; risks in our supply chain, including price, availability and quality of raw materials and components utilized in the products we sell and our ability to forecast our supply chain needs; our reliance on third-party transportation vendors for product shipments from our suppliers; the effects of labor disruptions or labor shortages; and our ability to attract and retain key employees; the rise of oil and gasoline prices; increased transportation costs; damage to one of our distribution centers; the vulnerability of our information technology infrastructure to cyber-attacks, breaches and other disruptions; changes in general domestic and international economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions, and changing government policies, laws and regulations; pending or unforeseen litigation; as well as other risks and uncertainties discussed in the Company's Annual Report on Form 10-K and from time to time in the Company's subsequent filings with the SEC.Forward-looking statements describe our expectations only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K, and other reports filed with the SEC.?Contact:
Havertys 404-443-2900
Tiffany Hinkle
AVP, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Reports Operating Results for Fourth Quarter 2025

Havertys Furniture First Quarter 2026 Cash DividendFebruary 20, 2026 4:45 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / February 20, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A) ("Havertys" or the "Company") today announced that its Board of Directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the Company at a rate of $0.33?per share on the common stock and $0.31 per share on the Class A common stock.?The dividend is payable on March 25, 2026, to stockholders of record at the close of business on March 10, 2026. Havertys has paid a cash dividend each year since 1935.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE:HVT) and (NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:
Havertys 404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture First Quarter 2026 Cash Dividend

Havertys Furniture To Announce Fourth Quarter 2025 Results on February 24, 2026February 17, 2026 4:10 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / February 17, 2026 / HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVT)(NYSE:HVT.A) will release its fourth quarter 2025 financial results on Tuesday, February 24, 2026, before the market opens, followed by a conference call with investors and analysts at 10:00 a.m. ET to discuss the results of its operations.Havertys invites interested parties to listen to the live webcast of the conference call on its website at http://ir.havertys.com. The webcast will be archived and available for replay beginning at approximately 1:00 p.m. ET on February 24.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:
Havertys 404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture To Announce Fourth Quarter 2025 Results on February 24, 2026

Havertys Furniture Appoints E. Kendrick Smith to its Board of DirectorsJanuary 29, 2026 4:10 PM
ACCESS NewswireATLANTA, GA / ACCESS Newswire / January 29, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT and HVT.A) ("Havertys" or the "Company") today announced that E. Kendrick Smith has been appointed to the Company's Board of Directors, effective February 17, 2026.Mr. Smith has practiced law for more than 40 years, specializing in complex business and tort litigation. From 1981 to 2005, he practiced with Smith, Gambrell & Russell, LLP, where he served as a partner, a member of the Executive Compensation Committee, and head of the Litigation Department. From 2005 to 2020, he was a partner at Jones Day. He currently continues his practice for select clients through E. Kendrick Smith Law LLC. Over the course of his career, he has represented major corporations in multistate tax litigation, constitutional challenges, and high-profile commercial disputes in state and federal courts nationwide, including Fortune 500 companies across retail, transportation, energy, and technology.Mr. Smith shares in Havertys' heritage as a descendant of the Company's founder and the brother of Clarence H. Smith, Havertys' Executive Chairman of the Board. He has longstanding familiarity with the Company and the home furnishings industry, having served for nearly a decade earlier in his career as Havertys' primary outside counsel.Beyond his legal career, Mr. Smith is deeply engaged in civic and cultural organizations. He currently serves as Board Chair of the Alliance Theatre in Atlanta, as well as the boards of the Woodruff Arts Center, the John & Mary Franklin Foundation, and the Clarke / Carley American Inn of Court. He earned his Juris Doctor from the University of Georgia School of Law, where he served on the Georgia Law Review, and his Bachelor of Arts from the University of North Carolina."Kendrick's deep legal and business experience-together with his longstanding familiarity with Havertys and the home furnishings industry-will add meaningful perspective to the Board's oversight of Havertys' business and strategy execution," said G. Thomas Hough, Havertys' Lead Director. "His institutional knowledge of our company and our markets will strengthen our discussions on growth opportunities, operational excellence, and stakeholder stewardship.""We're excited to welcome Kendrick to the Board, and I look forward to partnering with him in this new capacity. His experience will help us execute with discipline and deliver long-term value to our stakeholders," said Steve Burdette, President and Chief Executive Officer.About Havertys FurnitureHaverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions, providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.Contact:Havertys 404-443-2900
investor.relations@havertys.com
Tiffany Hinkle
Assistant Vice President, Financial ReportingSOURCE: Haverty Furniture Companies, Inc.View the original press release on ACCESS NewswireOriginal: Havertys Furniture Appoints E. Kendrick Smith to its Board of Directors

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~ Monday! $HVT ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $HVT ~ Earnings expected on Monday *
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Nice stores...I sell some of the same items.