Haverty Furniture Companies (HVT) Q2 2026 earnings summary

Executive summary

• Q2 2026 net sales rose 7.7% year-over-year to $194.9 million, with comparable store sales up 8.0% and the fourth consecutive quarter of positive comp sales.

• Diluted EPS doubled to $0.32 per share from $0.16 year-over-year, aided by $1.5 million in IEEPA tariff refunds.

• Gross profit margin expanded to 61.4%, supported by product mix and tariff refunds.

• Strategic growth included two new store openings in Q2 and plans for up to six more by year-end, expanding into new states.

• Maintained a strong balance sheet with up to $111.0 million in cash and no funded debt as of June 30, 2026.

Financial highlights

• Net income for Q2 2026 was $5.3 million ($0.32 per share), up from $2.7 million ($0.16 per share) year-over-year.

• Gross margin was 61.4% (60.7% excluding tariff refunds), with SG&A expenses at 58.0% of sales, down from 59.3% year-over-year.

• EBITDA for the first half of 2026 was $23.8 million, up from $18.7 million in 2025.

• Cash and equivalents at June 30, 2026 ranged from $104.3 million to $111.0 million; no debt outstanding and $100 million in credit availability.

• CapEx YTD was $13.1 million; dividends paid YTD were $10.6 million; share repurchases totaled $16.6 million.

Outlook and guidance

• Gross margin guidance for 2026 remains 60.5%-61.0%, excluding future tariff refunds.

• Fixed and discretionary SG&A for 2026 expected at $307M-$309M; variable SG&A at 18.7%-18.9% of sales.

• CapEx planned at $34M for 2026, with $27.7M for new/replacement stores and remodels.

• Effective tax rate projected at 26% for 2026.

• Six new stores, including relocations and entry into Pennsylvania, are planned for H2 2026.