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  • 28 Oct 2025

Expect Slight Dip In 3Q:25 EPS; Maintain $35 Price Target, Given Expected Solid 2026 Recovery Strong Balance Sheet, And Ample Free Cash Flows


Haverty Furniture Companies (HVT:NYSE) | 0 0 0.0%


  • Sidoti & Company
    • Anthony C. Lebiedzinski

    • 10 pages


 

As we see it, HVT should benefit from favorable year-over-year comparisons, improving traffic, effective tariff management, and renewed store expansion in 2026, along with operational efficiencies (versus pre- Covid). Longer term, we also expect Haverty Furniture will profit from its strong and demographically advantageous geographic store positioning, with about 67% of its retail locations in the Carolinas, Georgia, Florida and Texas. Following a same-store sales decline of 20.5% in 3Q:24, we estimate that same-store sales improved 3.2% in 3Q:25. For 3Q:25, we anticipate total revenue of $183.9 million and estimate EPS of $0.28 compared to $0.29 a year ago. Note that year-over-year same-store sales comparisons will remain favorable for HVT through at least 2Q:26 as the company will lap negative same-store sales. After double digit sales declines in 2023 and 2024, we are looking for a nearly 3% increase in net sales this year and currently are modeling a 10.4% increase next year. In addition, while we expect some near-term gross margin headwinds, we think these will be offset by improved SG&A expense leverage. Operating leverage on recovering volume will lead operating income to almost double in 2026, forming the basis for the very strong earnings recovery we model for next year. All in, after EPS of $1.19 in 2024, we estimate EPS of $1.18 in 2025 will be followed by EPS of $3.14 in 2026. We maintain our $35 price target, which is based on 11x our 2026 EPS forecast of $3.14. Our moderate risk rating factors in our assumption of a solid profit rebound in 2026, along with HVT's strong balance sheet and ample free cash flow generation.

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Expect Slight Dip In 3Q:25 EPS; Maintain $35 Price Target, Given Expected Solid 2026 Recovery Strong Balance Sheet, And Ample Free Cash Flows


Haverty Furniture Companies (HVT:NYSE) | 0 0 0.0%


  • Published: 28 Oct 2025
  • Author: Anthony C. Lebiedzinski
  • Pages: 10
  • Sidoti & Company


As we see it, HVT should benefit from favorable year-over-year comparisons, improving traffic, effective tariff management, and renewed store expansion in 2026, along with operational efficiencies (versus pre- Covid). Longer term, we also expect Haverty Furniture will profit from its strong and demographically advantageous geographic store positioning, with about 67% of its retail locations in the Carolinas, Georgia, Florida and Texas. Following a same-store sales decline of 20.5% in 3Q:24, we estimate that same-store sales improved 3.2% in 3Q:25. For 3Q:25, we anticipate total revenue of $183.9 million and estimate EPS of $0.28 compared to $0.29 a year ago. Note that year-over-year same-store sales comparisons will remain favorable for HVT through at least 2Q:26 as the company will lap negative same-store sales. After double digit sales declines in 2023 and 2024, we are looking for a nearly 3% increase in net sales this year and currently are modeling a 10.4% increase next year. In addition, while we expect some near-term gross margin headwinds, we think these will be offset by improved SG&A expense leverage. Operating leverage on recovering volume will lead operating income to almost double in 2026, forming the basis for the very strong earnings recovery we model for next year. All in, after EPS of $1.19 in 2024, we estimate EPS of $1.18 in 2025 will be followed by EPS of $3.14 in 2026. We maintain our $35 price target, which is based on 11x our 2026 EPS forecast of $3.14. Our moderate risk rating factors in our assumption of a solid profit rebound in 2026, along with HVT's strong balance sheet and ample free cash flow generation.

More Content

More Content

Residential Furniture Industry Update

Companies: HOFT FLXS BSET LZB HVT

Sidoti & Company

HVT Returns To Year-Over-Year Sales Growth In 2Q:25 And Tops Our EPS Estimate; Expect Additional Sales And Margins Gains To Drive EPS Recovery; Maintain $35 Price Target

Companies: Haverty Furniture Companies

Sidoti & Company

Updated EPS Estimates Still Imply Solid Growth In 2026 With HVT Likely To Sustain Its Same-Store Sales Momentum, In Our View; Maintain $35 Target As We Shift Our Valuation To 2027 Forecast

Companies: Haverty Furniture Companies

Sidoti & Company

Updated EPS Estimates After Yesterday's Conference Call Still Imply Year-Over-Year Gains AsWe Expect HVT To Profit From Favorable Comparisons, Internal Initiatives; Maintain $35 Target

Companies: Haverty Furniture Companies

Sidoti & Company

3Q:25 EPS In Line With Our Forecast And Above Consensus As HVT Delivers First Same-Store Sales Gain Since 4Q:22; Maintain $35 Price Target

Companies: Haverty Furniture Companies

Sidoti & Company
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