The strong beat and sustained momentum across sales, margins, and written business suggest continued operational strength. Monitor the Q3 print for signs of tariff headwinds and whether the raised variable SGA guidance pressures margins. The aggressive share repurchase activity signals management confidence.
Price Chart
Executive Summary
Havertys Furniture reported Q2 2026 EPS of $0.32, significantly above the $0.23 consensus estimate, with revenue of $194.9M also beating the $189.2M estimate. Comparable store sales grew 8.0% and gross margins expanded to 61.4%, driven by strong Memorial Day performance and a $1.5M tariff refund. The company maintained its full-year gross margin guidance of 60.5%-61.0% but raised its variable SGA expense guidance due to higher selling costs, and increased its credit facility to $100M while repurchasing 600K shares in a private transaction.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.32 vs $0.23 consensus (beat by 39.1%)
- Revenue of $194.9M vs $189.2M consensus (beat by 3.0%)
- Comparable store sales increased 8.0% YoY
- Gross profit margin expanded to 61.4% from 60.8% YoY
- Full-year gross margin guidance maintained at 60.5%-61.0%
- Variable SGA expense guidance raised to 18.7%-18.9% from 18.6%-18.8%
- Repurchased 600,000 shares in a privately negotiated transaction for ~$13.9M in June 2026
- Revolving credit facility increased from $80M to $100M
- No debt outstanding at quarter end
Financial Impact
EPS beat consensus by $0.09 (39.1%), revenue beat by $5.7M (3.0%)
Risk Factors
- Tariff exposure remains a key risk; the company noted it excludes future IEEPA tariff refunds from guidance
- Raised variable SGA expense guidance could pressure operating margins if sales growth slows
- Consumer spending sensitivity to macroeconomic conditions could impact furniture demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-052124 |
| Document: hvt-20260804.htm | 0001628280-26-052124 |
| Document: 0001628280-26-052124-index-headers.html | 0001628280-26-052124 |
| Document: 0001628280-26-052124-index.html | 0001628280-26-052124 |
| Document: 0001628280-26-052124.txt | 0001628280-26-052124 |
| 8-K Data (Synthetic) | 0001628280-26-052124 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 12w ago | 8-K | $28.28 $27.19 | ▼ −3.85% | ▼ −2.62% | $28.98 (+2.48%) |
Jun 11, 2026 19w ago | Institutional Cluster | $23.73 $25.10 | ▲ +5.77% | ▲ +3.99% | $28.98 (+22.12%) |
Jun 11, 2026 19w ago | Institutional Cluster | $23.99 $25.09 | ▲ +4.59% | ▲ +2.69% | $28.98 (+20.80%) |
US Market Status
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