Quarterly ResultMay 5, 2026, 07:32 AM
Haverty Furniture Q1 EPS $0.26; Sales +4.1% to $189.1M
AI Summary
Haverty Furniture reported strong operating results for the first quarter ended March 31, 2026, with diluted EPS increasing to $0.26 and consolidated sales growing 4.1% to $189.1 million. The company achieved its third consecutive quarter of growth in written business, delivered sales, and comparable store sales, driven by strong Presidents' Day demand and gross profit margin expansion. Haverty also continued its store growth strategy by signing new leases in key markets and maintains a strong balance sheet with no funded debt.
Key Highlights
- Diluted EPS increased to $0.26 in Q1 2026 from $0.23 in Q1 2025.
- Consolidated sales rose 4.1% to $189.1 million for the quarter.
- Comparable store sales increased by 4.3% year-over-year.
- Gross profit margin expanded to 61.5% from 61.2% in the prior year.
- Total written business grew 6.4%, with comparable store written business up 7.0%.
- Signed new store leases in Dallas, TX, Atlanta, GA, and Fredericksburg, VA markets.
- Cash, cash equivalents, and restricted cash were $114.1 million at quarter-end.
- Capital expenditures for Q1 2026 were $7.0 million, with full-year guidance raised to $34.0 million.