The revenue miss and negative free cash flow are incremental negatives, but maintained guidance and positive comps provide a floor. Watch for tariff developments and Q2 margin trends — a guidance revision would be the next catalyst.
Price Chart
Executive Summary
Havertys reported Q1 2026 EPS of $0.26 on revenue of $189.1M, a 4.1% YoY sales increase. Revenue missed the $192.0M consensus estimate by 1.5%, and operating cash flow turned negative at -$2.9M vs +$6.2M a year ago. The company maintained full-year guidance, but the negative free cash flow and revenue miss temper the otherwise positive comp-store sales growth.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $0.26 vs $0.23 YoY
- Revenue of $189.1M, up 4.1% YoY, but below $192.0M consensus
- Comparable store sales increased 4.3%
- Gross profit margin improved to 61.5% from 61.2%
- Operating cash flow was -$2.9M vs +$6.2M in Q1 2025
- Free cash flow was -$9.9M vs +$0.1M in Q1 2025
- Full-year 2026 guidance maintained: gross margin 60.5%-61.0%, fixed SGA $307M-$309M
- No debt outstanding; $80.0M credit availability
- Repurchased ~91,000 shares for $2.0M in the quarter
Financial Impact
Revenue miss of ~$2.9M vs consensus; negative free cash flow of $9.9M
Risk Factors
- Tariff policy uncertainty could pressure gross margins and supply chain costs
- Negative operating cash flow may signal working capital strain if inventory builds persist
- Consumer spending slowdown in furniture retail could pressure sales growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030128 |
| Document: hvt-20260505.htm | 0001628280-26-030128 |
| Document: 0001628280-26-030128-index-headers.html | 0001628280-26-030128 |
| Document: 0001628280-26-030128-index.html | 0001628280-26-030128 |
| Document: 0001628280-26-030128.txt | 0001628280-26-030128 |
| 8-K Data (Synthetic) | 0001628280-26-030128 |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers