Haverty Furniture (HVT) Q2 2026 Earnings Call Transcript

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DATE

Tuesday, Aug. 4, 2026 astatine 4:00 p.m. ET

CALL PARTICIPANTS

• Assistant Vice President of Financial Reporting and Investor Relations - Tiffany Hinkle

• President and Chief Executive Officer - Steven Burdette

• Executive Vice President and Chief Financial Officer - Richard Hare

Full Conference Call Transcript

Operator: Greetings, and invited to the Havertys Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this league is being recorded. It is present my pleasance to present your host, Tiffany Hinkle, Assistant Vice President of Financial Reporting and Investor Relations. Thank you. You whitethorn begin.

Tiffany Hinkle: Thank you, operator. Good morning, and convey you for joining america for our 2nd 4th net call. I'm present contiguous with our President and CEO, Steve Burdette; and Executive Vice President and CFO, Richard Hare. Before we begin, I'd similar to punctual everyone that today's league telephone whitethorn incorporate forward-looking statements, which are taxable to risks and uncertainties. Actual results whitethorn disagree materially from those made oregon implied successful specified statements, which talk lone arsenic of the day they are made and which we undertake nary work to publically update oregon revise. Factors that could origin existent results to disagree see economical and competitory conditions and different uncertainties elaborate successful the company's reports filed with the SEC.

A replay of this telephone volition beryllium disposable connected our Investor Relations website this afternoon. For commentary astir our business, I volition present crook the telephone implicit to Steve.

Steven Burdette: Thank you, Tiffany. Good morning, and convey you for joining our 2026 2nd 4th league call. Q2 was a beardown quarter, and I privation to pb with the headline. We doubled net per stock and delivered our 4th consecutive 4th of affirmative written and delivered comp sales. Net income for Q2 were $194.9 million, up 7.7%, with comps up 8%. Total written income were up 12.6%, with comps up 12.3%. Gross borderline expanded 60 ground points to 61.4% from 60.8% past year. Pretax income was $7.4 million, oregon 3.8% of sales, compared with $4.3 million, oregon 2.4% of sales, a twelvemonth ago, and net per stock came successful astatine $0.32 versus $0.16 a twelvemonth ago.

Richard volition screen the interaction of our caller banal buybacks, LIFO, tariff refunds and expectations for aboriginal tariff refunds successful his discussion. Written income grew treble digits each period of the quarter. Our Memorial Day promotion was up 9.7% for the 4-day play and up 14.1% for the 2-week period. Traffic accrued slightly, and closing percentages held dependable during the quarter. But the standout was mean ticket, which roseate 14% to implicit $3,800, led by plan mean ticket, which was up 15.7% to implicit $8,800. Design accounted for 36.5% of our concern arsenic it continues to thrust our customized peculiar bid business, which roseate 23.6%.