Havertys expects 2026 gross margins of 61.3% to 61.5% while planning 5 Q4 store openings (NYSE:HVT)

Haverty Furniture (HVT) reported Q3 inventory at $86.7M, down from $100.5M. CEO Burdette expects year-end inventory between $90M-$100M. Design business grew 4%, e-commerce sales rose double-digits. Havertys plans 5 store openings, raised gross margin guidance to 61.3%-61.5%, and increased variable SG&A cost estimate. The company has $120.3M in cash, no debt, and $16.8M left for share buybacks.

Haverty Furniture (HVT) reported Q3 2026 challenges: mid-single-digit traffic decline, rising costs (container rates, diesel, LIFO, health insurance), and supply chain risks. Inventory dropped to $86.7M, below target. CEO Steve Burdette plans aggressive Q4 promotions post-elections. Gross margin expanded to 62.3%, partly due to tariff refunds. SG&A rose 6% to $119M, with some costs temporary. Store growth continues with five new locations planned.

Haverty Furniture (HVT) reported Q3 2026 net sales growth of 4.5%, driven by higher average ticket prices and designer business growth. Gross margin expanded to 62.3%, aided by $3.2M in tariff refunds. The company plans to open five new stores in Q4, raising full-year gross margin guidance to 61.3%-61.5%. Management expects a Q4 rebound in marketing and consumer behavior post-elections, with strategies in place to offset inflationary pressures.

Haverty Furniture (HVT) reported Q3 2026 net sales of $203.2M, up 4.5% YoY. Gross margin increased to 62.3%, aided by $3.2M in tariff refunds. Traffic declined mid-single digits, but average ticket rose 7.4%. Inventory dropped to $86.7M. The company plans to open five new stores in Q4, ending the year with 133 locations. Tariffs, fuel costs, and higher interest rates impacted margins. The company remains optimistic about growth and execution.

Haverty Furniture (HVT) reported Q3 2026 net income of $6.34B, up from $4.73B last year. EPS rose to $0.39 from $0.28. Sales increased to $203.15M from $194.49M. Adjusted net income was $4.03B, with adjusted EPS at $0.25. Net interest income declined to $983M from $1.14B. Shares closed down 3.10% at $29.43 on Tuesday.

HAVERTY FURNITURE COMPANIES INC (HVT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Havertys Furniture Reports Operating Results for Third Quarter 2026 Atlanta, Georgia, November 4, 2026 – Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), today reported operating results for the third quarter ended September 30, 2026. Third Quarter 2026 versu