Haverty Furniture Companies, Inc. reported a net sales increase of 5.0% for the fiscal year ending December 31, 2025, reaching $758.995 million, compared to $722.899 million in 2024. The company's gross profit margin remained stable at 60.7%, reflecting effective management of product pricing and vendor relationships despite ongoing economic challenges, including rising consumer debt and geopolitical uncertainties. Net income for the year was $19.730 million, slightly down from $19.956 million in the previous year, resulting in diluted earnings per share of $1.19, unchanged from 2024.
The company experienced a modest increase in comparable store sales of 2.1%, indicating a slight recovery in customer demand. This performance was supported by strategic price adjustments to mitigate the impact of tariffs and a focus on enhancing customer engagement through its commissioned sales team and design consultants. Approximately 33.5% of total written sales in 2025 were attributed to consultations with in-home designers, which significantly boosted the average ticket value to $3,530, a 4.7% increase from the prior year.
Operationally, Havertys maintained 129 stores across 17 states, with a total retail square footage of approximately 4.5 million. The company opened three new stores in 2025 while closing two, reflecting its strategy to optimize store locations based on market conditions. The workforce increased to 2,392 employees, up from 2,334 in 2024, as the company continues to invest in its human capital to enhance customer service and operational efficiency.
Looking ahead, Havertys plans to invest approximately $33.5 million in capital expenditures for 2026, focusing on store expansions, remodels, and technology enhancements to improve the customer experience. The company aims to open an average of five new stores annually, contingent on market conditions. Management remains cautious about the economic landscape, particularly regarding consumer spending and housing market dynamics, which could impact future sales performance. The company is committed to leveraging its strong brand recognition and customer service to navigate these challenges and drive growth.
About HAVERTY FURNITURE COMPANIES INC
Haverty Furniture Companies, Inc. is a regional retailer specializing in residential furniture and accessories. Operating 129 stores across 17 U.S. states, it offers high-quality, stylish products with personalized design services. The company emphasizes a strong brand, efficient supply chain, and omnichannel sales, serving middle to upper-middle-income customers seeking value, quality, and fashion in home furnishings.
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