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HVT

Haverty Furniture Companies, Inc.

HVT

Haverty Furniture Companies, Inc. • NYSE
$23.80 ▼ -1.45% (-0.35)
Market Cap $387.16 M
52w High $24.46
52w Low $17.01
Dividend Yield 1.29%
P/E 20.34
Volume 45.07K
Outstanding Shares 16.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $194.484M ▲ $112.329M ▲ $-6.456M ▼ -3.319% ▼ $-0.41 ▼ $12.459M ▲
Q2-2025 $181.025M ▼ $107.333M ▲ $2.689M ▼ 1.485% ▼ $0.17 ▼ $8.705M ▼
Q1-2025 $181.567M ▼ $107.202M ▲ $3.778M ▼ 2.081% ▼ $0.24 ▼ $9.776M ▼
Q4-2024 $184.353M ▲ $105.826M ▲ $8.197M ▲ 4.446% ▲ $0.5 ▲ $14.214M ▲
Q3-2024 $175.913M $100.94M $4.928M 2.801% $0.3 $10.559M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $130.495M ▲ $651.709M ▲ $345.682M ▲ $306.027M ▲
Q2-2025 $113.771M ▲ $642.672M ▼ $337.801M ▲ $304.871M ▼
Q1-2025 $111.941M ▼ $642.69M ▼ $337.329M ▼ $305.361M ▼
Q4-2024 $120.034M ▼ $648.747M ▼ $341.186M ▼ $307.561M ▼
Q3-2024 $127.365M $659.302M $351.502M $307.8M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.729M ▲ $31.908M ▲ $-3.521M ▲ $-5.181M ▲ $23.206M ▲ $28.333M ▲
Q2-2025 $2.689M ▼ $7.223M ▲ $-5.561M ▲ $-6.179M ▲ $-4.517M ▲ $1.648M ▲
Q1-2025 $3.778M ▼ $6.154M ▼ $-6.122M ▲ $-8.058M ▲ $-8.026M ▼ $27K ▼
Q4-2024 $8.197M ▲ $16.92M ▼ $-7.807M ▲ $-10.164M ▼ $-1.051M ▼ $9.113M ▼
Q3-2024 $4.928M $24.447M $-7.924M $-5.225M $11.298M $16.114M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Accessories and Other
Accessories and Other
 $50.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Bedroom Furniture
Bedroom Furniture
 $50.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Case Goods
Case Goods
 $120.00M ▲$60.00M ▼$60.00M ▲$60.00M ▲
Dining Room Furniture
Dining Room Furniture
 $40.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Mattresses
Mattresses
 $30.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Occasional
Occasional
 $30.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Upholstery
Upholstery
 $160.00M ▲$80.00M ▼$80.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Haverty’s income statement shows a very clear cycle. Sales climbed strongly through the housing and home-furnishing boom, peaking a few years ago, and have since stepped down for two years in a row. Even with lower sales, the company still keeps a healthy gap between what it charges customers and what it pays for goods, so gross profitability remains a strength. Where the pressure shows is further down the income statement. Operating profit and net profit are noticeably lower than at the peak years, and earnings per share have come down sharply from those highs. The business is still clearly profitable, but today’s profits look more like “normal” levels after an exceptional period, and they are now more sensitive to soft demand and cost inflation. Overall, this is a mature, profitable retailer digesting a post-boom slowdown rather than a business in distress, but the trend over the last two years is downward, not upward.

Balance Sheet

Balance Sheet Haverty’s balance sheet looks steady and conservative. Total assets have been broadly flat over the last five years, which suggests disciplined growth rather than aggressive expansion. Cash levels have eased from earlier highs but remain comfortable, and the company has not taken on additional debt in recent years. Debt sits at a manageable level and has been very stable, while shareholders’ equity has generally crept higher. That points to a business that has been able to grow its net worth over time, even as the operating environment has become more challenging. In plain terms, the balance sheet does not show signs of strain: leverage is controlled, and the company appears to have a solid financial cushion to navigate a cyclical industry.

Cash Flow

Cash Flow Cash generation has been consistently positive, which is a key strength. Haverty’s has produced cash from its day-to-day operations every year, including during weaker demand periods. The level of operating cash flow has moved around with earnings and working-capital swings, but it has stayed comfortably in positive territory. After funding investments in stores, technology, and infrastructure, the company has still tended to have cash left over. Free cash flow is not huge, but it has been positive in each of the past five years, even when profits dipped. Capital spending has been meaningful but not excessive, signaling a focus on upkeep and selective growth rather than risky large-scale bets. In short, the cash flow profile is solid and supports the picture of a cautious, self-funding retailer.

Competitive Edge

Competitive Edge Haverty’s competitive position rests more on service, brand, and execution than on sheer scale. The company has over a century of history and is well known in its regional markets, particularly with middle and upper-middle income households that value quality and design help over rock-bottom prices. This positioning helps it avoid some of the most brutal price wars at the very low end of the market. Several elements strengthen its moat: a well-regarded in-home and in-store design service, a curated and partially exclusive product range, and tight control over logistics and delivery. The “Top Drawer Delivery” model, where Haverty’s manages the last mile and in-home setup, is hard for many online-only competitors to match and becomes a key moment for reinforcing customer satisfaction. The flip side is that furniture retail remains highly fragmented and cyclical, with heavy competition from both specialty chains and big-box and online players. Haverty’s is unlikely to be the lowest-cost provider, so it must continue winning on service, reliability, and differentiated product to defend its margins when consumer spending slows.

Innovation and R&D

Innovation and R&D Haverty’s innovation is focused on operations and customer experience rather than on traditional lab-style R&D. The company has invested in a modern, cloud-based supply chain platform that improves visibility from suppliers to customers and helps it promise more accurate delivery times—an important advantage in a category where late deliveries are common pain points. On the customer side, Haverty’s is leaning into digital tools: a stronger e‑commerce platform, AI-driven advertising and customer analytics, online design consultations, and 3D room-planning tools that let customers visualize furniture in their homes. These are designed to blend the showroom and online experience, not replace one with the other. Newer initiatives, such as a “regret-free” guarantee and expanded private-label collections, show the company is experimenting with both service propositions and product development. The main risk is that the broader industry is also investing heavily in digital and logistics capabilities, so Haverty’s must keep up the pace to prevent its current advantages from eroding.

Summary

Haverty Furniture today looks like a solid, conservative retailer coming off an unusually strong period and adjusting to softer demand. Revenues and profits have retreated from their peak but remain clearly positive, and the company’s underlying gross profitability is still robust. The balance sheet is tidy, with controlled debt and growing equity, and cash flow has stayed positive even as earnings cooled. Strategically, Haverty’s leans on long-standing brand trust, service-heavy selling, and differentiated product—supported by investments in supply chain technology and a more sophisticated digital presence. These strengths help it stand apart from discount-focused and online-only rivals, but they operate inside a furniture market that is both cyclical and intensely competitive. Key things to watch going forward include: how well demand recovers from current levels, whether margins can be protected without sacrificing service quality, the payoff from e‑commerce and store modernization investments, and the company’s ability to stay in front of changing consumer tastes and online shopping habits. Overall, the profile is of a cautious, cash-generative business navigating a normal downcycle in a very cyclical sector.

NEWS

November 7, 2025 · 4:10 PM UTC

Havertys Furniture Announces Fourth Quarter Cash Dividend

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October 29, 2025 · 4:10 PM UTC

Havertys Furniture Reports Operating Results for Third Quarter 2025

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October 22, 2025 · 4:10 PM UTC

Havertys Furniture To Host Third Quarter 2025 Earnings Conference Call on October 30, 2025

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October 1, 2025 · 4:15 PM UTC

Havertys Furniture Announces Participation in Telsey Advisory Group 2025 Global Consumer & Retail Conference

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