Haverty Furniture Companies (NYSE:HVT) reported a 4.1% increase in first-quarter net sales, reaching $189.1 million, with comparable sales rising 4.3%. The company’s pretax income improved to $6 million, resulting in earnings of $0.26 per share, up from $0.23 a year earlier. Total written sales also saw an uptick of 6.4%, with the average ticket increasing by 11.9% to approximately $3,700.
The revenue growth was driven by a strong two-week sales period around Presidents’ Day and a robust design business, which accounted for 35.3% of total business, rising by 6.3%. In total, Haverty’s inventory reached $106.9 million, a planned increase of $10.7 million since December 31, 2025. The company aims to reduce inventory below $100 million by the end of the second quarter.
Haverty opened a new store in Fenton, Missouri, and plans additional openings in Pittsburgh and Houston by early 2027. CEO Steve Burdette expressed optimism about future sales despite potential challenges from rising oil prices and changing consumer financing strategies.
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