Havertys Reports Strong Q1 Earnings with 13% EPS Growth and Increased Capex for Store Expansion
HVT is trading near its 52-week low of $18.69 (8.5% above the low).
Summary
Havertys Furniture reported strong Q1 2026 earnings with double-digit EPS growth, increased sales, and expanded gross margins, alongside a raised capital expenditure outlook for store expansion.
Key Events · Earnings and Guidance · HVT
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Strong Q1 Financial Performance
Diluted EPS increased 13% to $0.26, consolidated sales grew 4.1% to $189.1 million, and comparable store sales rose 4.3% year-over-year.
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Gross Margin Expansion
Gross profit margin improved to 61.5% from 61.2% in the prior year quarter, driven by strong demand and higher average tickets.
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Increased Capital Expenditure Guidance
Planned capital expenditures for 2026 were raised to approximately $34.0 million, up from previous guidance, to support continued store growth.
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Share Repurchase Activity
The company repurchased approximately 91,000 shares of common stock for $2.0 million during the quarter.
Analysis · HVT · Trade & Services
Havertys Furniture delivered robust first-quarter results, exceeding prior year performance with a 13% increase in diluted EPS and 4.1% growth in consolidated sales. The company also reported positive comparable store sales and expanded gross profit margins. Management highlighted strong demand and the success of its design program as key drivers. Furthermore, the company increased its capital expenditure guidance for 2026, signaling continued investment in store growth and a positive outlook. The company's strong balance sheet with no funded debt provides a solid foundation for these expansion plans.
At the time of this filing, HVT was trading at $20.28 on NYSE in the Trade & Services sector, with a market capitalization of approximately $334.4M. The 52-week trading range was $18.69 to $27.67. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.