--- title: "Haverty Furniture | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 189.05 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285406596.md" datetime: "2026-05-06T15:48:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285406596.md) - [en](https://longbridge.com/en/news/285406596.md) - [zh-HK](https://longbridge.com/zh-HK/news/285406596.md) --- # Haverty Furniture | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 189.05 M Revenue: As of FY2026 Q1, the actual value is USD 189.05 M, missing the estimate of USD 191.99 M. EPS: As of FY2026 Q1, the actual value is USD 0.26. EBIT: As of FY2026 Q1, the actual value is USD 4.026 M. #### Segment Revenue - **Net Sales** - For the three months ended March 31, 2026, net sales for Haverty Furniture Companies, Inc. were $189,050 thousand, an increase of $7,700 thousand or 4.1% compared to $181,567 thousand for the same period in 2025. - Comp-store sales also increased by $7,700 thousand or 4.3% in Q1 2026 compared to Q1 2025. - **Written Sales** - Written business for the first quarter of 2026 increased by 6.4% compared to the first quarter of 2025. - Comp-store written business increased by 7.0%. - Design consultants contributed 35.3% of total written sales in Q1 2026, up from 33.2% in Q1 2025, with a higher average written ticket of $8,312 compared to $7,439 in the prior year period. - **Revenue by Major Product Category (Three Months Ended March 31, 2026 vs. 2025)** - **Case Goods:** - Bedroom Furniture: $27,254 thousand (14.4% of Net Sales) in 2026 vs. $27,176 thousand (15.0% of Net Sales) in 2025. - Dining Room Furniture: $18,815 thousand (10.0% of Net Sales) in 2026 vs. $17,957 thousand (9.9% of Net Sales) in 2025. - Occasional: $14,215 thousand (7.5% of Net Sales) in 2026 vs. $12,919 thousand (7.1% of Net Sales) in 2025. - Total Case Goods: $60,284 thousand (31.9% of Net Sales) in 2026 vs. $58,052 thousand (32.0% of Net Sales) in 2025. - **Upholstery:** $86,222 thousand (45.6% of Net Sales) in 2026 vs. $81,415 thousand (44.8% of Net Sales) in 2025. - **Mattresses:** $16,137 thousand (8.5% of Net Sales) in 2026 vs. $15,804 thousand (8.7% of Net Sales) in 2025. - **Accessories and Other:** $26,407 thousand (14.0% of Net Sales) in 2026 vs. $26,296 thousand (14.5% of Net Sales) in 2025. #### Operational Metrics - **Gross Profit** - Gross profit was $116,217 thousand in Q1 2026, up from $111,083 thousand in Q1 2025. - Gross profit margin for Q1 2026 was 61.5%, an increase of 30 basis points compared to 61.2% in Q1 2025, primarily due to product selection, merchandise pricing, and mix. - **Selling, General and Administrative (SG&A) Expenses** - Total SG&A expenses were $111,277 thousand in Q1 2026, compared to $107,202 thousand in Q1 2025. - As a percentage of sales, SG&A was 58.9% in Q1 2026, slightly down from 59.0% in Q1 2025. - The $4,100 thousand increase in SG&A was primarily due to higher selling, administrative, and occupancy costs. - Selling expenses increased by $2,400 thousand. - Administrative expenses increased by $800 thousand. - Occupancy costs increased by $600 thousand. - **SG&A Breakdown:** - Advertising and marketing: $11,560 thousand in 2026 vs. $11,077 thousand in 2025. - Selling: $28,093 thousand in 2026 vs. $25,712 thousand in 2025. - Occupancy: $26,084 thousand in 2026 vs. $25,472 thousand in 2025. - Warehouse, delivery, and transportation: $14,721 thousand in 2026 vs. $14,914 thousand in 2025. - General and administrative: $30,819 thousand in 2026 vs. $30,027 thousand in 2025. - Variable SG&A was $36,279 thousand (19.2% of Net Sales) in Q1 2026, up from $33,647 thousand (18.5% of Net Sales) in Q1 2025. - Fixed and discretionary SG&A was $74,998 thousand (39.7% of Net Sales) in Q1 2026, up from $73,555 thousand (40.5% of Net Sales) in Q1 2025. - **Income before interest and income taxes** - Income before interest and income taxes was $4,993 thousand in Q1 2026, compared to $4,039 thousand in Q1 2025. - **Net Income** - Net income was $4,261 thousand for Q1 2026, an increase from $3,778 thousand for Q1 2025. #### Cash Flow - **Cash Flow from Operating Activities** - Net cash used in operating activities was - $2,901 thousand in the first three months of 2026, a decrease from $6,154 thousand provided by operating activities during the same period in 2025. - **Cash Flow from Investing Activities** - Net cash used in investing activities was - $6,933 thousand in Q1 2026, compared to - $6,122 thousand in Q1 2025, primarily due to higher capital expenditures. - **Cash Flow from Financing Activities** - Net cash used in financing activities was - $7,976 thousand in Q1 2026, comparable to - $8,058 thousand in Q1 2025. #### Future Outlook and Strategy - **Store Plans** - Haverty Furniture Companies, Inc. plans to open new stores in St. Louis, MO, and Nashville, TN in Q2 2026, Fredericksburg, VA in Q3 2026, and Dallas, TX, Houston, TX, and Pittsburgh, PA in Q4 2026, with an additional new store opening in Houston, TX in Q1 2027 and a relocation planned for Atlanta, GA in Q4 2026. - The company closed a store in Alexandria, LA in Q1 2026 and plans closures in San Angelo, TX in Q2 2026 and College Station, TX in Q3 2026. - **Liquidity and Capital Resources** - Haverty Furniture Companies, Inc. believes its current cash position, cash flow from operations, available funds from its credit agreement, and access to long-term debt capital markets will be sufficient to cover operating requirements, capital expenditures, dividend payments, and lease obligations for the next several years. - The company has an $80.0 million revolving credit facility maturing on October 24, 2027, with a net availability of $80.0 million as of March 31, 2026. ### Related Stocks - [HVT.US](https://longbridge.com/en/quote/HVT.US.md) ## Related News & Research - [Havertys Furniture To Announce First Quarter 2026 Results on May 5, 2026 | HVT Stock News](https://longbridge.com/en/news/284441721.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - 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