Haverty Furniture Q4 sales rise 9.5%, EPS up slightly

Reuters02-24 20:24
Haverty Furniture Q4 sales rise 9.5%, EPS up slightly

Overview

  • Home furnishings retailer's Q4 sales rose 9.5% yr/yr

  • Company's Q4 EPS increased to $0.51 from $0.49

  • Board approved additional $15 mln for stock repurchase program

Outlook

  • Company expects gross profit margins for 2026 to be between 60.5% and 61.0%

  • Haverty anticipates SG&A expenses for 2026 to be $307.0 to $309.0 mln

  • Company plans capital expenditures of approximately $33.5 mln in 2026

Result Drivers

  • SALES GROWTH - Co attributed 9.5% increase in Q4 sales to strategic marketing investments and customer-first approach

  • DESIGN CONSULTANTS - Design consultants accounted for 33.3% of written business in 2025, up from 31.8% in 2024

  • STORE EXPANSION - Co plans to enter 18th state and open five new locations in 2026

Company press release: ID:nACSPrNxra

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

Beat

$201.9 mln

$197.47 mln (2 Analysts)

Q4 EPS

$0.51

Q4 Net Income

$8.5 mln

Q4 Gross Margin

60.4%

Q4 Gross Profit

$122 mln

Q4 Pretax Profit

$10.80 mln

Analyst Coverage

  • Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $30.00, about 18.6% above its February 23 closing price of $25.30

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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