Haverty Furniture reports Q3 2026 results and lifts 2026 gross‑margin outlook while planning five Q4 store openings
Haverty Furniture Companies Inc. posted third‑quarter 2026 net sales of $203.2 million, up 4.5% year‑over‑year, and diluted EPS of $0.39 versus $0.28 a year earlier. Gross profit margin rose to 62.3% (60.7% excluding $3.2 million of IEEPA tariff refunds). The company announced five new store openings in the fourth quarter, including entry into Pittsburgh, and raised its full‑year gross‑margin guidance to 61.3%‑61.5%.
Why it matters
The higher gross‑margin guidance suggests improved profitability for the remainder of 2026, which could support the stock’s valuation (the company says the outlook reflects tariff refunds and cost controls). The planned store openings increase the store count to 133 by year‑end, potentially expanding revenue capacity.
Key facts
- 1Diluted EPS was $0.39 versus $0.28 a year earlier. prnewswire.com
- 2Consolidated sales increased 4.5% to $203.2 million. prnewswire.com
- 3Gross profit margin was 62.3% compared with 60.3% in Q3 2025. sec.gov
- 4Excluding $3.2 million of IEEPA tariff refunds, gross margin was 60.7% versus 60.3% a year earlier. sec.gov
- 5The company plans five store openings in Q4, including a new store in Pittsburgh, Pennsylvania. sec.gov
- 6Full‑year 2026 gross‑margin guidance was raised to a range of 61.3%‑61.5%. seekingalpha.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.