Overview
Haverty Furniture Q3 sales grow 10.6%, beating analyst expectations, per LSEG data
Diluted EPS for Q3 decreases slightly compared to last year
Company plans to expand store count with five new openings in 2026
Outlook
Company expects 2025 gross profit margins between 60.4% and 60.7%
Fixed and discretionary SG&A expenses for 2025 expected at $296.0 mln to $298.0 mln
Planned capital expenditures for 2025 are approximately $24.0 mln
Result Drivers
LABOR DAY PERFORMANCE - Strong sales during Labor Day weekend contributed significantly to Q3 results, per CEO Steven G. Burdette
MARKETING INVESTMENTS - Strategic marketing investments increased customer traffic and average tickets, driving sales growth
STORE EXPANSION - Opening of a third Houston location added to positive momentum and future growth plans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $194.50 mln | $182.98 mln (2 Analysts) |
Q3 EPS | $0.28 | ||
Q3 Gross Margin | 60.30% |
Analyst Coverage
Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $29.00, about 28.3% above its October 28 closing price of $20.80
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nACS29vg2a
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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.)