Haverty Furniture Reports 7.7% Revenue Growth and Increased Net Income in Q2 2026

Haverty Furniture Companies, Inc. reported a notable increase in financial performance for the second quarter and first half of 2026, as detailed in its latest 10-Q filing. For the three months ended June 30, 2026, the company achieved net sales of $194.9 million, a 7.7% increase from $181.0 million in the same period of 2025. For the six months ending June 30, 2026, net sales rose to $384.0 million, up 5.9% from $362.6 million year-over-year. The company’s net income also saw significant growth, reaching $5.3 million for the second quarter, compared to $2.7 million in the prior year, and $9.6 million for the first half of 2026, up from $6.5 million in 2025.

The filing highlighted several operational developments, including an increase in customer engagement through the company's free in-home design service, which accounted for 36.5% of total written business in the second quarter of 2026, up from 33.4% in the same period last year. The average written ticket for these services also increased to $8,835, compared to $7,631 in 2025. Additionally, the company reported a 12.6% increase in written business for the second quarter and a 9.5% increase for the first half of 2026, indicating strong customer demand despite a challenging housing market.

Haverty's gross profit margin improved to 61.4% for both the second quarter and the first half of 2026, up from 60.8% and 61.0%, respectively, in the prior year. This improvement was attributed to better product selection, pricing strategies, and the receipt of $1.5 million in tariff refunds. Selling, general, and administrative expenses (SG&A) increased by 5.4% in the second quarter, primarily due to higher selling and administrative costs, but as a percentage of sales, SG&A decreased to 58.0% from 59.3% in the previous year, reflecting improved operational efficiency.

Looking ahead, Haverty Furniture remains cautious about the economic environment, particularly the impact of ongoing tariff changes and market conditions affecting consumer spending. The company has amended its revolving credit facility to increase borrowing capacity to $100 million, which it believes will support its operational needs and capital expenditures in the coming years. The management expressed confidence in the company's ability to navigate these challenges while continuing to enhance customer engagement and expand its market presence across the Southern and Midwestern regions of the U.S.