Haverty Furniture Companies

Havertys sells home furniture to people in the Southern United States. They help families buy new styles for bedrooms and living rooms. The company builds and delivers furniture inside the customer's home.

What's on the Showroom Floor?

• Upholstery: Fabric and leather seating options like sofas and chairs; accounted for 45.6% of net sales in Q1 2026.
• Bedroom Furniture: Bed frames, dressers, and nightstands for residential use; represented 14.4% of net sales in Q1 2026.
• Mattresses: Sleep products from brands like Sealy, Serta, and the private Skye label; made up 8.5% of net sales in Q1 2026.
• Dining Room Furniture: Tables, chairs, and storage pieces for eating areas; contributed 10.0% of net sales in Q1 2026.
• Accessories and Other: Items like rugs and lamps, plus delivery and protection fees; made up 14.0% of net sales in Q1 2026.

Growing the Footprint

• Opened its 129th retail store in the St. Louis market during April 2026 to reach more Midwestern customers.
• Maintains a revolving credit facility with Truist Bank that provides $80 million in available funds through October 2027.
• Planned the launch of new retail locations in Dallas, Houston, and Pittsburgh for the final quarter of 2026.
• Authorized an additional $15 million for its stock repurchase program in February 2026 to return value to shareholders.

What Makes Havertys Stand Out

The company uses its own delivery teams instead of outside contractors to inspect, assemble, and place furniture directly in customer homes. Free in-home design services also help drive engagement, contributing to over 35% of total written sales in the first quarter of 2026.

By the Numbers

• Net sales rose to $189.1 million in Q1 2026, up 4.1% from the same period in 2025.
• Gross profit reached $116.2 million in Q1 2026, up 4.6% from $111.1 million in Q1 2025.
• Net income increased to $4.3 million in Q1 2026, up 12.8% from $3.8 million in the first quarter of 2025.
• Cash and cash equivalents totaled $107.5 million as of March 31, 2026.

Company Evolution Summary

Havertys has shifted toward a service-heavy model by combining professional in-home design with internal delivery operations. This focus on the customer experience and steady geographic expansion helps the company compete in the mid-to-high-end residential furniture market.