Havertys Furniture Reports Strong Q1: EPS Jumps 13%, Sales Up 4.1% on Robust Demand
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Havertys Furniture reported strong operating results for the first quarter of 2026, with diluted EPS increasing to $0.26 from $0.23 in the prior year, representing a 13% jump. Consolidated sales rose 4.1% to $189.1 million, driven by a 4.3% increase in comparable store sales and robust Presidents' Day demand. The company also saw gross profit margins expand to 61.5% from 61.2%. This positive performance builds on the stable 2025 financials and expanded share repurchase program noted in earlier filings, indicating continued operational strength. Management expressed confidence by increasing full-year 2026 capital expenditure guidance to $34.0 million to support new store growth. Traders will be watching the execution of these expansion plans and any further updates on tariff developments.
At the time of this announcement, HVT was trading at $20.48 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Access Newswire.