Haverty Furniture Companies Inc (NYSE:HVT)
$ 24.64 -0.39 (-1.56%) Market Cap: 403.32 Mil Enterprise Value: 515.10 Mil PE Ratio: 20.36 PB Ratio: 1.29 GF Score: 70/100

Q3 2025 Haverty Furniture Companies Inc Earnings Call Transcript

Oct 30, 2025 / 02:00 PM GMT
Release Date Price: $21.65 (+7.07%)

Key Points

Positve
  • Haverty Furniture Companies Inc (HVT) reported a 10.6% increase in sales for Q3 2025, with comparable store sales up 7.1%.
  • Gross margins remained strong at 60.3%, slightly up from 60.2% in Q3 2024.
  • The company successfully moved much of its production out of China, allowing the resumption of its special order business.
  • Haverty's design business accounted for 34.2% of sales, driven by a 7.1% increase in upholstery special orders.
  • The company maintained a debt-free balance sheet, providing financial stability and flexibility.
Negative
  • Pre-tax profits decreased to $6.4 million from $6.9 million in Q3 2024, with operating margins dropping from 3.9% to 3.3%.
  • The company faced increased SG&A expenses, which rose by 11.3% to $112.3 million.
  • Tariffs on furniture imports from several countries, including Mexico and Vietnam, were increased to 25% and are set to rise to 30% in 2026.
  • Consumer confidence is falling, and the housing market is being hurt by high interest rates and rising home prices.
  • The company did not repurchase any common shares during the third quarter, despite having authorization for buybacks.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HVT.N - Haverty Furniture Companies Inc
Q3 2025 Haverty Furniture Companies Inc Earnings Call
Oct 30, 2025 / 02:00PM GMT

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Presentation
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The scheduled time has come, so we will now begin Hitachi Limited web conference on Q2 FY 2025 earnings.

Thank you very much for taking time out of your busy schedule to attend today's briefing.

The presentation materials are available on Hitachi Limited, IR website and news release website, so please take a look.

Let me introduce the three speakers.

Tomomi Kato, senior Vice President and executive officer, CFO.

Hiroaki Ono, Deputy General Manager, finance division.

Shiichiro Tamai, executive General Manager Investor relations division.

Mr. Cuttle will first explain the overview of the financial results. Please wait for a moment while we switch
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