Earnings ·
Haverty Reports Q3 EPS of $0.39 on 4.5% sales growth to $203.2M
HVTHaverty Furniture Companies Inc
Haverty Furniture Companies reported third-quarter diluted earnings per share of $0.39, up from $0.28 in the prior year period. Consolidated sales increased 4.5% to $203.2 million, driven by a 4.1% rise in comparable store sales. Gross profit margin expanded to 62.3%, including approximately $3.2 million in IEEPA tariff refunds; excluding these refunds, the margin was 60.7%. The company also announced plans to open five new stores in the fourth quarter, bringing its total showroom count to 133 by year-end. Haverty Furniture Companies is a full-service home furnishings retailer operating showrooms primarily in the Southern and Midwestern United States.