Haverty Furniture Reports Q3 2026 Growth Driven by Higher Average Tickets and Tariff Refunds
Haverty Furniture (HVT) reported strong third-quarter 2026 results, with net sales rising 4.5% year-over-year to $203.2 million. The growth was primarily fueled by a 7.4% increase in average ticket size, reaching $3,838, and expansion within the designer business segment. Diluted earnings per share rose significantly by 39.3% to $0.39 compared to the previous year. Gross profit margins benefited from a one-time $3.2 million receipt in tariff refunds, though management noted rising variable expenses due to increased fuel and transportation costs. While the company maintains a strong cash position of $127 million with no funded debt, leadership expressed caution regarding potential upcoming Section 232 tariffs on upholstered wood furniture and labor cost increases in Vietnam scheduled for early 2027.