Haverty Furniture Q3 sales beat estimates on strong labor day weekend

Reuters
Oct 30, 2025
Haverty Furniture Q3 sales beat estimates on strong labor day weekend 

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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