Havertys Doubles Q2 Earnings on 7.7% Sales Growth, Lifts Capex Outlook
HVT sits 30% above its 52-week low of $19.89.
Summary
Havertys reported Q2 2026 EPS of $0.32, doubling from $0.16 a year ago, on 7.7% higher sales of $194.9 million. The company raised its full-year capex guidance to $34 million as it accelerates store openings.
Key Events · Earnings and Guidance · HVT
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Q2 EPS Doubles to $0.32
Driven by a 7.7% sales increase to $194.9 million and an 8.0% rise in comparable-store sales, diluted earnings per share climbed to $0.32 from $0.16 in Q2 2025.
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Gross Margin Expands to 61.4%
Gross profit margin improved to 61.4% from 60.8%, including a $1.5 million benefit from IEEPA tariff refunds. Excluding the refunds, gross margin was 60.7%.
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Capex Guidance Raised to $34M
Full-year 2026 capital expenditures are now expected to be approximately $34 million, up from prior guidance, to support five new store openings and one relocation, including entry into Pittsburgh.
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Balance Sheet Remains Debt-Free
Cash and equivalents stood at $111.0 million with no debt outstanding. The revolving credit facility was increased from $80 million to $100 million, providing ample liquidity.
Analysis · HVT · Trade & Services
A standout second quarter saw earnings per share double to $0.32, fueled by a 7.7% rise in sales. Comparable-store sales climbed 8%, and gross margins expanded to 61.4%. To capture further growth, the company is planning five new stores and a relocation, which prompted an increase in capital expenditure guidance to $34 million. The balance sheet remains debt-free with $111 million in cash, and the credit facility was upsized to $100 million. While the results and higher capex signal confidence in sustained momentum, rising variable selling costs are nudging up expense guidance.
At the time of this filing, HVT was trading at $25.82 on NYSE in the Trade & Services sector, with a market capitalization of approximately $421.7M. The 52-week trading range was $19.89 to $27.67. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.