Haverty Furniture Q3 revenue rises 4.5%

Overview

• US home furnishings retailer's Q3 revenue rose 4.5% yr/yr

• Diluted EPS increased to $0.39 from $0.28 yr/yr

• Gross margin rose to 62.3%, helped by IEEPA tariff refunds

Outlook

• Company expects 2026 gross profit margin between 61.3% and 61.5%, raised from prior guidance

• Variable SG&A expenses for 2026 expected at 19.2% to 19.4% of sales, up from prior view

• Fixed and discretionary SG&A expenses for 2026 seen at $307 mln to $309 mln

Result Drivers

• COMPARABLE SALES GROWTH - Co said comp-store sales rose 4.1% despite a soft housing market and higher costs

• TARIFF REFUNDS - Gross margin benefited from IEEPA tariff refunds, which contributed about $3.2 mln

• HIGHER SG&A COSTS - SG&A expenses rose due to higher sales commissions, credit costs, and increased administrative expenses

Company press release:

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $33.00, about 12.1% above its November 3 closing price of $29.43

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

Reuters Recommended Reads

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(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.)