Overview

* Haverty Furniture ( HVT ) Q2 sales rise 1.3% to $181 mln, beating analyst expectations, per LSEG data

* Diluted EPS falls to $0.16 from $0.27 yr/yr

* Gross profit margin improves to 60.8% from 60.4%

Outlook

* Company expects 2025 gross profit margins between 60.0% and 60.5%

* Haverty Furniture ( HVT ) anticipates 2025 capital expenditures of $24 mln

* Company expects 2025 fixed SG&A expenses to be $291-293 mln

* Haverty Furniture ( HVT ) monitors tariff developments to minimize business impact

Result Drivers

* MARKETING STRATEGIES - Improved sales attributed to new marketing and promotional strategies, per CEO Steven G. Burdette

* GROSS MARGIN - Gross profit margin increased to 60.8% from 60.4%

* SG&A EXPENSES - SG&A expenses rose due to higher administrative and occupancy costs, offset by reduced warehouse and delivery costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $181 mln $176.90

mln (2

Analysts

)

Q2 EPS $0.16

Q2 Net $2.70

Income mln

Q2 Gross 60.8%

Margin

Q2 Gross $110.10

Profit mln

Q2 $4.30

Pretax mln

Profit

Analyst Coverage

* Wall Street's median 12-month price target for Haverty Furniture Companies Inc ( HVT ) is $29.00, about 27.1% above its July 29 closing price of $21.14

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)