Havertys reported a solid fourth quarter with increased sales and EPS, driven by effective customer-focused strategies and marketing investments. The company is expanding its physical footprint and returning capital to shareholders, while navigating industry headwinds and planning for future tariff impacts.
Consolidated sales increased 9.5% to $201.9 million in Q4 2025 compared to Q4 2024.
positiveDiluted EPS of $0.51 in Q4 2025, an increase from $0.49 in Q4 2024.
positiveComparable store sales increased 8.2% in Q4 2025.
positiveFull-year 2025 consolidated sales increased 5.0% to $759.0 million.
positiveFull-year 2025 diluted EPS remained stable at $1.19 compared to 2024.
neutralGenerated $52.6 million in cash from operating activities in FY2025.
positiveFree cash flow was $32.9 million in FY2025, an increase from $26.8 million in FY2024.
positiveReturned $25.6 million to shareholders in 2025 through share repurchases and dividends.
positiveBoard approved an additional $15 million authorization for the stock repurchase program.
positivePlanning to enter Pittsburgh, Pennsylvania, and open five new locations in 2026.
positiveGross profit margin decreased 150 basis points to 60.4% in Q4 2025 from 61.9% in Q4 2024.
attentionExcluding LIFO, gross profit margin was 62.4% for Q4 2025 and 61.4% for Q4 2024, indicating a decline in underlying margin.
attentionSG&A expenses increased $6.6 million in Q4 2025, primarily due to higher selling and administrative expenses.
attentionInventories increased by $12.7 million in FY2025, outpacing sales growth.
attentionGuidance for 2026 includes the impact of new tariffs, which could materially impact results.
attentionFull-year 2025 net income of $19.7 million decreased slightly from $19.9 million in 2024.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Fourth quarter results highlighted by second consecutive quarter of growth in both written and delivered sales and comp-store sales.
Sustained momentum reflects the effectiveness of our customer-first approach and strategic marketing investments.
Disciplined capital management approach reflects our commitment to delivering long-term value while maintaining financial strength.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.