Haverty Furniture ( (HVT) ) has released its Q1 earnings. Here is a breakdown of the information Haverty Furniture presented to its investors.
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Haverty Furniture Companies, Inc. is a full-service home furnishings retailer with 130 showrooms across 17 states in the Southern and Midwestern regions, offering a wide selection of quality merchandise in middle to upper-middle price ranges. In its latest earnings report for the first quarter of 2025, Havertys reported an increase in diluted earnings per share to $0.23 from $0.14 in the same period last year, despite a 1.3% decline in consolidated sales to $181.6 million and a 4.8% decrease in comparable store sales. The company achieved a higher gross profit margin of 61.2%, up from 60.3% in the previous year, and managed to reduce SG&A expenses by $2.2 million. Key financial highlights include a net income increase to $3.8 million from $2.4 million and an EBITDA rise to $9.9 million from $6.6 million. The company maintained a strong balance sheet with $118.3 million in cash and no outstanding debt, while also investing $6.1 million in capital expenditures and returning $7.2 million to shareholders through dividends and share repurchases. Looking ahead, Havertys remains focused on navigating the dynamic U.S. trade policy environment and anticipates maintaining stable gross profit margins and managing expenses effectively throughout 2025.