Haverty Furniture Companies, Inc. (HVT) Earnings Call Transcripts

Haverty Furniture Companies, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Haverty Furniture Companies, Inc. reported net sales of $189.1 million, reflecting a 4.1% year-over-year increase, with comparable store sales rising 4.3%. The company achieved earnings per share of $0.26, up from $0.23 in the prior year, driven by improved gross margins of 61.5%. Management maintained their gross margin guidance for the fiscal year between 60.5% and 61%, despite rising costs from tariffs and fuel. The outlook remains optimistic with continued store openings and a strong design business contributing to growth.

Reported metrics

Guidance from management

Management maintained their gross margin guidance for 2026 between 60.5% and 61%, and expects fixed and discretionary SG&A expenses to remain in the $307 million to $309 million range.

What management said

Yes. And I don't think we've seen any real change, Cristina, from really when we started using the 60 months again last Labor Day is when we really started implementing it in our promotions. And so I think we still have about the same usage on credit where we go with it. It's just doing a little bit more volume and it's costing us a little bit more. What's being used there with our bigger tickets is getting into the ...

If you take -- we're going to have one store that we've had a little bit of construction delays in Houston. It's going to push into early '27. So the eight store openings, we will -- one of those stores will be a relocation of the Snellville store in Atlanta. So ultimately, there are eight new stores, four closings. I'm talking about the additional closing we had in Q1 in Alexandria. So the net right now is four stor...

What analysts pressed on

Analysts expressed concerns about the impact of rising fuel prices and financing costs on margins. There was also inquiry into how the company plans to maintain positive comps in the second half of the year against strong prior year comparisons.

Main topics on the call

• Positive Comparable Sales Growth — Haverty reported a 4.3% increase in comparable store sales, marking the third consecutive quarter of positive comps. CEO Steve Burdette stated, "We are excited to report another increase in both written and delivered com...
• Gross Margin Improvement — Gross margins increased to 61.5% from 61.2% year-over-year, with adjusted gross profit margin up 60 basis points to 61.8%. Richard Hare noted, "We expect our gross margins for 2026 to remain between 60.5% and 61%."
• Store Expansion Plans — Haverty plans to open eight new stores in 2026 while closing four underperforming locations. The CEO expressed optimism about the new stores, stating, "We feel our customer is very resilient... and we like our aggressive...
• Rising Costs and Margin Pressures — Management highlighted rising vendor input costs and fuel expenses impacting margins. They acknowledged, "These rising costs will impact margins and expenses," but have factored these into their guidance.

Read the full Haverty Furniture Companies, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Haverty Furniture Companies, Inc. earnings call transcripts on record, spanning February 19, 2020 to August 4, 2026. Based on this history, Haverty Furniture Companies, Inc. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HVT

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

29

First call

February 19, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly