Haverty Furniture Companies reported third‑quarter 2025 results for the quarter ended September 30, 2025, with total sales of $194.5 million, a 10.6% year‑over‑year increase and a 7.1% rise in comparable sales. Written sales grew 10% year‑over‑year, with comparable sales up 8%. Diluted earnings per share were $0.28, beating analyst estimates of $0.23–$0.24 and slightly below the $0.29 reported for the same period in 2024. Net income for the quarter was $4.9 million, and the gross profit margin improved to 60.3% from 60.2% in Q3 2024. Selling, general and administrative expenses rose to $112.3 million, 57.8% of sales, up from 57.4% in the prior year, driven by higher advertising, selling and occupancy costs and a LIFO expense of $624,000.
Management highlighted several drivers of the revenue growth, including a strong Labor Day weekend performance, expanded marketing initiatives, improved merchandise assortments, and enhanced home‑delivery service. The company also reported positive written and delivered comparable store sales for the first time in several years, indicating a turnaround in core sales performance. The increase in SG&A expenses was offset by the revenue growth, resulting in a modest decline in EPS relative to the prior year.
For 2025, Haverty expects gross margins in the range of 60.4%–60.7% and fixed/discretionary SG&A expenses between $296 million and $298 million, reflecting higher anticipated advertising and administrative costs. The company plans to resume store count growth in Q1 2026, targeting five net new store openings for the year, and continues to invest in marketing to drive customer traffic and average ticket size.
The balance sheet remains strong, with cash reserves between $130.5 million and $137.0 million, no funded debt, and $80.0 million of credit availability. Inventories increased by $3.7 million versus Q3 2024, while customer deposits remained flat at $43.9 million. These financial metrics support the company’s ongoing expansion and marketing initiatives.
In comparison, Q2 2025 results showed revenue of $181.0 million, up 1.3% year‑over‑year, with EPS of $0.16 versus $0.27 in Q2 2024. The Q3 earnings beat analyst expectations and demonstrate Haverty’s ability to grow sales and maintain margins in a challenging economic environment.
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