Havertys Furniture Reports Operating Results for Second Quarter 2026 (Form 8-K)

Havertys Furniture Reports Operating Results for Second Quarter 2026

Atlanta, Georgia, August 4, 2026 - Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), today reported operating results for the second quarter ended June 30, 2026.

Second Quarter 2026 versus Second Quarter 2025:

•Diluted earnings per common share ("EPS") of $0.32 versus $0.16.

•Consolidated sales increased 7.7% to $194.9 million.

•Comparable store sales increased 8.0%.

•Gross profit margin was 61.4% compared to 60.8%.

•Excluding the impact of approximately $1.5 million in IEEPA tariff refunds, gross margin was 60.7% in 2026 compared to 60.8% in 2025.

Steven G. Burdette, President and CEO said, "Our second quarter results reflect the sustained momentum in our business, marked by a fourth consecutive quarter of written, delivered and comp-store sales growth. We posted a strong Memorial Day weekend performance, with average tickets up double-digits. Gross margins expanded to 61.4%, which included the benefit of approximately $1.5 million in IEEPA tariff refunds.

We also advanced our strategic growth initiatives with the openings of two stores, Fenton, Missouri and Mt. Juliet, Tennessee. We are on track to open five additional stores and complete one relocation, increasing our store count to 133 at year-end. Our upcoming entry into Pittsburgh, Pennsylvania will extend our footprint to 18 states, consistent with our long-term growth strategy.

This quarter's results underscore our commitment to an exceptional customer experience and disciplined execution across the business. Our strong balance sheet and gross margins, strengthening design business, average-ticket growth, and investments in new markets give us confidence entering the second half of the year."

NEWS RELEASE - August 4, 2026 Page 2

Second Quarter ended June 30, 2026 Compared to Same Period of 2025

•Total sales up 7.7%, comp-store sales up 8.0% for the quarter. Total written business increased 12.6% and comp-store written business increased 12.3% for the quarter.

•Design consultants accounted for 36.5% of written business in 2026 and 33.4% in 2025.

•Gross profit margins increased to 61.4% in 2026 from 60.8% in 2025.

•SG&A expenses were 58.0% of sales versus 59.3% and increased $5.8 million. The primary drivers of this change are:

◦increase in selling expense of $3.1 million primarily due to higher commissioned-based compensation and third-party credit costs

◦increase in administrative expenses of $2.8 million primarily from increased salaries, performance-based incentive compensation and related benefits.

Balance Sheet and Cash Flow for the Six Months Ended June 30, 2026

•Cash, cash equivalents, and restricted cash equivalents at June 30, 2026 are $111.0 million.

•Invested $13.1 million in capital expenditures.

•Purchased approximately 723,000 shares of common stock for $16.6 million.

◦In June 2026, the Company repurchased 600,000 shares of its common stock for approximately $13.9 million in a privately negotiated transaction.

•Paid $10.6 million in quarterly cash dividends.

•No debt outstanding at June 30, 2026, and credit availability of $100 million.

◦Effective June 29, 2026, the Company's revolving credit facility was amended to increase the borrowing capacity from $80 million to $100 million.

Expectations and Other

•Our 2026 guidance includes tariffs currently in effect as of August 4, 2026 but excludes future IEEPA tariff refunds that may be received for indirectly sourced products. We are closely monitoring the tariff developments to manage our exposure and minimize the effects on our business.

•Our expectations for gross profit margins for 2026 are between 60.5% to 61.0%, unchanged from our previous guidance. Gross profit margins fluctuate quarter to quarter in relation to our promotional cadence.

•Fixed and discretionary expenses within SG&A for the full year of 2026 are expected to be in the $307.0 to $309.0 million range, unchanged from our previous guidance. Variable SG&A expenses for the full year of 2026 are anticipated to be in the 18.7% to 18.9% range, an increase from our previous guidance due to higher selling expenses.

•Our effective tax rate for 2026 is expected to be 26.0%, excluding the impact from discrete items and any new tax legislation.

•Planned capital expenditures for the full year of 2026 are approximately $34.0 million, an increase from our previous guidance due to store growth.

NEWS RELEASE - August 4, 2026 Page 3

Key Results

(amounts in millions, except per share amounts)

Results of Operations
			Three Months Ended June 30,															Six Months Ended June 30,
			2026						2025									2026						2025
Sales			$	194.9					$	181.0								$	384.0					$	362.6
Gross Profit			119.7						110.1									235.9						221.2
Gross profit as a % of sales			61.4			%			60.8			%						61.4			%			61.0			%
SGA
Variable			37.6						33.3									73.9						67.0
Fixed			75.6						74.0									150.6						147.5
Total			113.2						107.3									224.4						214.5
SGA as a % of sales
Variable			19.3			%			18.4			%						19.2			%			18.5			%
Fixed			38.7			%			40.9			%						39.2			%			40.7			%
Total			58.0			%			59.3			%						58.4			%			59.2			%
Pre-tax income			7.4						4.3									13.4						9.6
Pre-tax income as a % of sales			3.8			%			2.4			%						3.5			%			2.7			%
Net income			5.3						2.7									9.6						6.5
Net income as a % of sales			2.7			%			1.5			%						2.5			%			1.8			%
Diluted earnings per share ("EPS")			$	0.32					$	0.16								$	0.58					$	0.39

Other Financial and Operations Data
						Six Months Ended June 30,
						2026						2025
EBITDA (in millions)(1)						$	23.8					$	18.7
Sales per square foot						$	170					$	161
Average ticket						$	3,786					$	3,350

Liquidity Measures
						Six Months Ended June 30,																		Six Months Ended June 30,
Free Cash Flow						2026						2025						Cash Returns to Shareholders						2026						2025
Operating cash flow						$	21.4					$	13.4					Share repurchases						$	16.6					$	2.0
																		Dividends						10.6						10.4
Capital expenditures						(13.1)						(11.7)						Cash returns to shareholders						$	27.2					$	12.4
Free cash flow						$	8.3					$	1.7
Cash at period end						$	111.0					$	113.8

(1)See the reconciliation of the non-GAAP metrics at the end of the release.

NEWS RELEASE - August 4, 2026 Page 4

HAVERTY FURNITURE COMPANIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

(In thousands, except per share data)			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net sales			$	194,941					$	181,025					$	383,991					$	362,592
Cost of goods sold (exclusive of depreciation and amortization)			75,210						70,923						148,043						141,407
Gross profit			119,731						110,102						235,948						221,185
Expenses:
Selling, general and administrative			113,163						107,333						224,439						214,535
Other (income) expense, net			74						(65)						21						(223)
Total expenses			113,237						107,268						224,460						214,312
Income before interest and income taxes			6,494						2,834						11,488						6,873
Interest income, net			923						1,492						1,889						2,746
Income before income taxes			7,417						4,326						13,377						9,619
Income tax expense			2,111						1,637						3,810						3,152
Net income			$	5,306					$	2,689					$	9,567					$	6,467
Basic earnings per share:
Common Stock			$	0.33					$	0.17					$	0.60					$	0.40
Class A Common Stock			$	0.31					$	0.15					$	0.56					$	0.37
Diluted earnings per share:
Common Stock			$	0.32					$	0.16					$	0.58					$	0.39
Class A Common Stock			$	0.31					$	0.15					$	0.56					$	0.37
Cash dividends per share:
Common Stock			$	0.33					$	0.32					$	0.66					$	0.64
Class A Common Stock			$	0.31					$	0.30					$	0.62					$	0.60

NEWS RELEASE - August 4, 2026 Page 5

HAVERTY FURNITURE COMPANIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands)			June 30, 2026						December 31, 2025						June 30, 2025
Assets
Current assets
Cash and cash equivalents			$	104,295					$	125,325					$	107,357
Restricted cash and cash equivalents			6,665						6,547						6,414
Inventories			100,502						96,155						93,270
Prepaid expenses			17,393						10,236						15,775
Other current assets			8,448						11,064						13,332
Total current assets			237,303						249,327						236,148
Property and equipment, net			178,806						177,207						181,227
Right-of-use lease assets			205,422						190,586						192,265
Deferred income taxes			20,011						19,301						17,048
Other assets			14,514						12,631						15,984
Total assets			$	656,056					$	649,052					$	642,672
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable			$	20,627					$	15,447					$	16,464
Customer deposits			43,337						35,504						39,351
Accrued liabilities			41,168						46,531						37,436
Current lease liabilities			35,220						35,967						37,263
Total current liabilities			140,352						133,449						130,514
Noncurrent lease liabilities			195,493						180,450						180,045
Other liabilities			26,139						27,224						27,242
Total liabilities			361,984						341,123						337,801
Stockholders' equity			294,072						307,929						304,871
Total liabilities and stockholders' equity			$	656,056					$	649,052					$	642,672

NEWS RELEASE - August 4, 2026 Page 6

HAVERTY FURNITURE COMPANIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(In thousands)			Six Months Ended June 30,
			2026						2025
Cash Flows from Operating Activities:
Net income			$	9,567					$	6,467
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			12,340						11,831
Share-based compensation expense			4,493						3,986
Other			585						1,156
Changes in operating assets and liabilities:
Inventories			(4,347)						(9,851)
Customer deposits			7,833						(1,382)
Other assets and liabilities			(8,050)						658
Accounts payable and accrued liabilities			(1,058)						512
Net cash provided by operating activities			21,363						13,377
Cash Flows from Investing Activities:
Capital expenditures			(13,148)						(11,702)
Proceeds from sale of land, property, and equipment			54						19
Net cash used in investing activities			(13,094)						(11,683)
Cash Flows from Financing Activities:
Dividends paid			(10,629)						(10,353)
Common stock repurchased			(16,568)						(2,000)
Taxes on vested restricted shares			(1,984)						(1,884)
Net cash used in financing activities			(29,181)						(14,237)
Decrease in cash, cash equivalents, and restricted cash equivalents during the period			(20,912)						(12,543)
Cash, cash equivalents, and restricted cash equivalents at beginning of period			131,872						126,314
Cash, cash equivalents, and restricted cash equivalents at end of period			$	110,960					$	113,771

NEWS RELEASE - August 4, 2026 Page 7

GAAP to Non-GAAP Reconciliation

We report our financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that EBITDA is a meaningful measure to share with investors as useful information on our operating results and to provide additional information with respect to key metrics used by management in its financial and operational decision making.

Additionally, the company presents gross profit margin, excluding the impact of IEEPA tariff refunds and LIFO, consolidated adjusted net income, and adjusted diluted EPS. We believe these non-GAAP measures provide investors with useful supplemental information because they enhance the comparability of the Company's results across periods and more closely align with the metrics management uses to evaluate the performance of its core operations, to conduct internal planning and budgeting, and to make operating decisions. These measures are not intended to be considered in isolation or as a substitute for, or superior to, the most directly comparable GAAP measures, and the Company's presentation may differ from similarly titled measures used by other companies.

Reconciliation of GAAP measures to EBITDA

						Six Months Ended June 30,
(in thousands)						2026						2025
Income before income taxes, as reported						$	13,377					$	9,619
Interest income, net						(1,889)						(2,746)
Depreciation and amortization						12,340						11,831
EBITDA						$	23,828					$	18,704

Gross profit margin, excluding the impact of IEEPA tariff refunds

						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2026						2025						2026						2025
Net sales						$	194,941					$	181,025					$	383,991					$	362,592
Cost of goods sold						75,210						70,923						148,043						141,407
Gross profit						$	119,731					$	110,102					$	235,948					$	221,185
IEEPA Tariff Refund Adjustment						(1,497)						-						(1,497)						-
Gross Profit, excluding the impact of tariff refunds						$	118,234					$	110,102					$	234,451					$	221,185
Gross Profit Margin, excluding the impact of tariff refunds						60.7		%				60.8		%				61.1		%				61.0		%

NEWS RELEASE - August 4, 2026 Page 8

Gross profit margin, excluding the impact of IEEPA tariff refunds and LIFO

						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2026						2025						2026						2025
Net sales						$	194,941					$	181,025					$	383,991					$	362,592
Cost of goods sold						75,210						70,923						148,043						141,407
Gross profit						$	119,731					$	110,102					$	235,948					$	221,185
IEEPA Tariff Refund Adjustment						(1,497)						-						(1,497)						-
LIFO Adjustment						496						106						1,020						130
Gross Profit, excluding the impact of tariff refunds and LIFO						$	118,730					$	110,208					$	235,471					$	221,315
Gross Profit Margin, excluding the impact of tariff refunds and LIFO						60.9		%				60.9		%				61.3		%				61.0		%

Consolidated Adjusted Net Income / Adjusted Diluted EPS

						Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share data)						2026						2026
Net income						$	5,306					$	9,567
IEEPA Tariff Refund Adjustment						(1,497)						(1,497)
Interest income						(67)						(67)
Related income tax effects						446						446
Adjusted net income						$	4,188					$	8,449
Adjusted diluted EPS						$	0.25					$	0.51

Comparable Store Sales 

Comparable-store or "comp-store" sales is a measure which indicates the performance of our existing stores and website by comparing the sales growth for stores and online for a particular month over the corresponding month in the prior year. Stores are considered non-comparable if they were not open during the corresponding month or if the selling square footage has been changed significantly.

Cost of Goods Sold and SG&A Expense 

We include substantially all our occupancy and home delivery costs in SG&A expense as well as a portion of our warehousing expenses.  Accordingly, our gross profit may not be comparable to those entities that include these costs in cost of goods sold. 

We classify our SG&A expenses as either variable or fixed and discretionary.  Our variable expenses are comprised of selling and delivery costs.  Selling expenses are primarily compensation and related benefits for our commission-based sales associates, the discount we pay for third party financing of customer sales and transaction fees for credit card usage.  We do not outsource delivery, so these costs include personnel, fuel, and other expenses related to this function.  Fixed and discretionary expenses are comprised of rent, depreciation and amortization and other occupancy costs for stores, warehouses and offices, and all advertising and administrative costs. 

Conference Call Information

The company invites interested parties to listen to the live webcast of the conference call on August 4, 2026 at 10:00 a.m. ET at its website, ir.havertys.com. If you cannot listen live, a replay will be available on the day of the conference call at the website at approximately 1:00 p.m. ET.

NEWS RELEASE - August 4, 2026 Page 9

About Havertys Furniture

Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 129 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website www.havertys.com.