Haverty Furniture Q3 sales beat estimates on strong labor day weekend

Haverty Furniture Companies

29/10/2025 20:52

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.)