--- title: "Haverty Furniture | 10-K: FY2025 Revenue: USD 759 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/277092081.md" datetime: "2026-02-26T20:35:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277092081.md) - [en](https://longbridge.com/en/news/277092081.md) - [zh-HK](https://longbridge.com/zh-HK/news/277092081.md) --- # Haverty Furniture | 10-K: FY2025 Revenue: USD 759 M Revenue: As of FY2025, the actual value is USD 759 M. EPS: As of FY2025, the actual value is USD 1.19. EBIT: As of FY2025, the actual value is USD 21.71 M. Haverty Furniture Companies, Inc. operates as a single reportable segment, thus all financial and operational metrics are reported on a company-wide basis . #### Operational Metrics - **Net Sales**: Net sales for 2025 were $758,995 thousand, an increase of 5.0% compared to $722,899 thousand in 2024 . In 2023, net sales were $862,133 thousand . This growth in 2025 was attributed to price increases on select merchandise to mitigate tariff impacts and higher demand due to advertising and marketing initiatives, despite a soft housing market . - **Gross Profit**: Gross profit was $460,497 thousand in 2025 and $439,078 thousand in 2024, maintaining a gross profit margin of 60.7% in both years . Excluding the LIFO impact, gross profit margins increased by 70 basis points in 2025 due to product selection, merchandise pricing, and mix . The LIFO reserve had a negative impact of $4.7 million in 2025, compared to a positive impact of $0.8 million in 2024 . - **Selling, General and Administrative Expenses (SG&A)**: SG&A expenses totaled $439,327 thousand (57.9% of net sales) in 2025, up 4.8% or $20.1 million from $419,221 thousand (58.0% of net sales) in 2024 . Variable SG&A was $141,598 thousand (18.7% of net sales) in 2025, compared to $139,859 thousand (19.4% of net sales) in 2024 . Fixed and discretionary SG&A was $297,729 thousand (39.2% of net sales) in 2025, compared to $279,362 thousand (38.6% of net sales) in 2024 . Specific changes in SG&A components for 2025 versus 2024 included a $3.0 million increase in selling expenses, an $11.3 million increase in administrative expenses, a $3.3 million increase in advertising and marketing expenses, and a $5.0 million increase in occupancy costs, while warehouse, delivery, and transportation expenses decreased by $2.4 million . - **Income before Income Taxes (Operating Profit)**: This metric was $26,833 thousand (3.5% of net sales) in 2025, slightly up from $26,153 thousand (3.6% of net sales) in 2024 . - **Net Income**: Net income was $19,730 thousand (2.6% of net sales) in 2025, a slight decrease from $19,956 thousand (2.8% of net sales) in 2024 . - **Interest Income, Net**: The company earned $1.0 million less interest income, net of interest expense, in 2025 compared to 2024 due to lower rates on cash, cash equivalents, and restricted cash equivalents . #### Cash Flow - **Net Cash Provided by Operating Activities**: This was $52,644 thousand in 2025, driven by net income and $30.5 million in non-cash adjustments . Changes in working capital included a $12.7 million increase in inventories and a $5.2 million decrease in customer deposits, offset by a $12.3 million decrease in other assets and liabilities and an $8.1 million increase in accrued liabilities and vendor repayments . In 2024, net cash provided by operating activities was $58,909 thousand . - **Capital Expenditures**: Cash used in investing activities primarily consisted of $19,672 thousand in capital expenditures in 2025 . For 2024, capital expenditures were $32,092 thousand . - **Dividends Paid**: Cash used for dividends was $20,837 thousand in 2025 and $20,468 thousand in 2024 . - **Share Repurchases**: Cash payments for share repurchases amounted to $4,778 thousand in 2025, and $4,991 thousand in 2024 . #### Unique Metrics - **Number of Stores**: As of December 31, 2025, Haverty Furniture Companies, Inc. operated 129 stores, the same number as in 2024, but an increase from 124 stores in 2023 . - **Retail Square Footage**: Total retail square footage was 4,543 thousand square feet at year-end 2025, slightly up from 4,539 thousand square feet in 2024 . - **Sales per Weighted Average Retail Square Foot**: This metric was $167 in 2025, an increase from $164 in 2024 . - **Average Ticket**: The average ticket value in 2025 was $3,530, a 4.7% increase over $3,371 in 2024 . Design consultant engagement contributed 33.5% of total written sales in 2025, with an average written ticket of $7,781 . - **Comparable Store Sales**: Comparable-store sales increased by 2.1% in 2025, following a -16.7% decrease in 2024 . - **Online Sales**: Total sales completed online for 2025 were approximately 3.2% of the total business . - **Employees**: The total workforce was 2,392 as of December 31, 2025, an increase from 2,334 in 2024 . #### Outlook / Guidance Haverty Furniture Companies, Inc. expects capital expenditures of approximately $33.5 million in 2026 to support operations and strategic expansion, with a goal to open an average of net five new stores per year within its current distribution footprint . 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