Haverty Furniture Reports Modest Sales Growth in Q2 2025

Haverty Furniture ( (HVT) ) has released its Q2 earnings. Here is a breakdown of the information Haverty Furniture presented to its investors.

Haverty Furniture Companies, Inc., a well-established home furnishings retailer with a history dating back to 1885, operates 129 showrooms across the Southern and Midwestern United States, offering a wide range of quality furniture in the middle to upper-middle price range.

In its second-quarter earnings report for 2025, Haverty Furniture reported a modest increase in consolidated sales by 1.3% to $181.0 million, despite a decrease in comparable store sales by 2.3%. The company also achieved a slight improvement in gross profit margin, rising to 60.8% from 60.4% in the same quarter of the previous year.

Key financial highlights include a decline in diluted earnings per share to $0.16 from $0.27 year-over-year. The company faced increased SG&A expenses, which rose to 59.3% of sales, driven by higher administrative and occupancy costs. Despite these challenges, Haverty’s cash position remained strong with $113.8 million in cash and equivalents and no outstanding debt, providing a solid foundation for future investments and shareholder returns.

Looking ahead, Haverty Furniture remains cautiously optimistic, maintaining its guidance for gross profit margins and SG&A expenses for the remainder of 2025. The company continues to monitor tariff developments and aims to mitigate potential impacts, while focusing on strategic initiatives to enhance operational efficiency and customer engagement.