Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $201.9 million, an increase of 9.5% year-over-year, with comparable sales up 8.2% [3][4] - Gross margins for Q4 were 60.4%, down from 61.9% in the previous year, with LIFO charges of $3.9 million impacting results [3][4] - Pre-tax income for Q4 was $10.8 million, resulting in earnings per share of $0.51, compared to $0.49 in the same quarter last year [4][16] Business Line Data and Key Metrics Changes - The design business accounted for 33.3% of total sales, driven by a 14.8% increase in upholstery special orders [5] - Average ticket for Q4 increased by 10.9% to $3,759, with design average ticket growing 11.9% to $8,072 [5][6] - Written sales for the year were up 2.8%, with comparable sales up 0.7% [6] Market Data and Key Metrics Changes - Traffic for Q4 ended with a decrease in low single digits, following a positive trend in the previous months [5][6] - The company experienced a significant increase in web traffic and key site engagement, contributing to a 12.3% increase in written e-commerce sales for the quarter [9] Company Strategy and Development Direction - The company plans to open five new stores in 2026, including its first location in Pennsylvania, while closing one underperforming store in Alexandria, Louisiana [10][11] - Capital expenditures for 2026 are projected to be around $33.5 million, focusing on store growth and remodels [11][19] - The company aims to maintain a debt-free balance sheet and continue its focus on customer experience and operational consistency [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance, indicating a rebound in 2025 and a focus on testing new ideas and processes in 2026 [12] - The company is monitoring tariff developments closely, with expectations that gross margins for 2026 will be between 60.5% and 61% [18][19] - Management noted that the recent government shutdown may have impacted consumer behavior, but they remain confident in their sales momentum [39][40] Other Important Information - The company experienced a $12.7 million increase in inventories year-over-year, totaling $96.2 million at year-end [7][16] - Marketing expenses were down slightly as a percentage of net sales, with plans to keep marketing spend flat in 2026 compared to 2025 [10][44] Q&A Session Summary Question: Can you provide details about same-store sales trends throughout the quarter? - Management reported high single-digit growth in October, middle single-digit growth in November, and low single-digit decline in December [23] Question: What factors are affecting the variable component of SG&A outlook for 2026? - Management indicated that higher sales commissions and competitive pressures are expected to impact variable SG&A costs, while occupancy costs will also increase due to store growth [25][27] Question: How will the evolving tariff environment affect pricing actions? - Management stated they will be deliberate in their approach, working through existing inventories before making pricing adjustments [28] Question: What is the expected timeline for working through current inventory at the previous tariff rate? - Management anticipates it will take the first half of the year to work through current inventory before introducing new inventory at updated costs [36] Question: Can you discuss the mattress refresh program and its impact? - Management noted improvements in presentation and consumer understanding, with positive traction observed in stores that have undergone the refresh [41][43] Question: What are the expectations for marketing and advertising expenses in 2026? - Management expects marketing spend to remain flat as a percentage of sales compared to 2025 [44]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $201.9 million, an increase of 9.5% year-over-year, with comparable sales up 8.2% [3][4] - Gross margins for Q4 were 60.4%, down from 61.9% the previous year, with LIFO charges of $3.9 million impacting results [3][4][14] - Pre-tax income for Q4 was $10.8 million, resulting in earnings per share of $0.51, compared to $0.49 in the same quarter last year [4][15] Business Line Data and Key Metrics Changes - The design business accounted for 33.3% of total sales, driven by a 14.8% increase in upholstery special orders [5] - Average ticket for Q4 increased by 10.9% to $3,759, with design average ticket growing 11.9% to $8,072 [5][6] - Written sales for the year were up 2.8%, with comparable sales up 0.7% [6] Market Data and Key Metrics Changes - Traffic for Q4 followed a decreasing trend, ending with a low single-digit decline overall [5][6] - The company experienced a mid-single-digit increase in traffic for the year, with conversion rates showing improvement [6] Company Strategy and Development Direction - The company plans to open five new stores in 2026, including its first location in Pennsylvania, while closing one underperforming store [10][11] - Capital expenditures for 2026 are projected at $33.5 million, focusing on new stores, remodels, and technology investments [11][19] - The company aims to maintain a debt-free balance sheet and continue its focus on customer experience and product quality [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business rebound in 2025, feeling they hit an inflection point in Q3 with momentum continuing into Q4 [12] - The company is monitoring tariff developments closely, with expectations for gross margins in 2026 to be between 60.5% and 61% [18][19] - Management noted that the recent government shutdown may have impacted consumer behavior and traffic [39] Other Important Information - The company’s inventories were up $12.7 million year-over-year, totaling $96.2 million, with expectations for a decrease in the next six months [7][16] - Marketing expenses were down slightly as a percentage of net sales, with a focus on maintaining competitive promotions [9][10] Q&A Session Summary Question: Can you provide details about same-store sales trends throughout the quarter? - Management reported high single-digit growth in October, mid-single-digit growth in November, and low single-digit decline in December [23] Question: What factors are affecting the variable component of your SG&A outlook for 2026? - Management indicated that higher sales commissions and third-party credit costs are expected to pressure variable SG&A expenses [25] Question: How will the evolving tariff environment affect pricing actions? - Management stated they will be deliberate in their approach, working through existing inventories before making pricing changes [28] Question: Will recent weather events affect your quarterly models? - Management indicated that typical weather patterns in January and February are not expected to have a significant impact [31] Question: How will the new mattress refresh program be implemented? - Management noted that the program will enhance consumer understanding and improve sales consultant effectiveness, with a rollout expected to take place over the next year [41]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $201.9 million, an increase of 9.5%, with comparable sales up 8.2% [3][4] - Gross margins for Q4 were 60.4%, down from 61.9% the previous year, with LIFO charges of $3.9 million impacting results [3][4] - Pre-tax income for Q4 was $10.8 million, resulting in earnings of $0.51 per share, compared to $0.49 per share in the same quarter last year [4][16] - For the full year 2025, net sales were $759 million, up 5%, with comparable sales up 2.1% [4] Business Line Data and Key Metrics Changes - The design business accounted for 33.3% of sales, driven by a 14.8% increase in upholstery special orders [5] - Average ticket for Q4 increased by 10.9% to $3,759, with design average ticket growing 11.9% to $8,072 [5][6] - Written sales for the year were up 2.8%, with comparable sales up 0.7% [6] Market Data and Key Metrics Changes - Traffic for Q4 ended with a decrease in the low single digits, following a positive trend in the previous months [5][6] - The company experienced a mid-single-digit increase in traffic for the full year, with conversion rates showing improvement [6] Company Strategy and Development Direction - The company plans to open five new stores in 2026, including its first location in Pennsylvania, while closing one underperforming store [10][11] - Capital expenditures for 2026 are projected to be around $33.5 million, focusing on store growth and remodels [11][19] - The company aims to continue testing new ideas and processes while maintaining organic store growth [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business rebound in 2025, feeling they hit an inflection point in Q3 with momentum continuing into Q4 [12] - The company is monitoring tariff developments closely, with expectations that gross margins for 2026 will be between 60.5% and 61% [18][19] - Management noted that the recent government shutdown may have impacted consumer behavior and traffic [38] Other Important Information - The company ended Q4 with $125.3 million in cash and cash equivalents and no funded debt [16] - Marketing expenses were down slightly as a percentage of net sales, with plans to keep marketing spend flat in 2026 [10][43] Q&A Session Summary Question: Can you provide details about same-store sales trends throughout the quarter? - Management reported high single-digit growth in October, mid-single-digit growth in November, and low single-digit decline in December [24] Question: What factors are affecting the variable component of SG&A outlook for 2026? - Management indicated that higher selling costs and competitive pressures are expected, but they aim to keep the percentage flat [26][28] Question: How will the evolving tariff environment affect pricing actions? - Management stated they will be deliberate in their approach and will wait to see how the new tariffs impact inventory before making pricing decisions [29] Question: How long will it take to work through current inventory at the previous tariff rate? - Management anticipates it will take the first half of the year to work through the current inventory [36] Question: What changes are being made in the mattress or bedding refresh program? - Management noted improvements in presentation and information for consumers, which have positively impacted sales in tested stores [40][42] Question: What are the expectations for marketing and advertising expenses in 2026? - Management expects marketing spend to remain flat compared to 2025 after increasing it in the previous year [43]

E-commerce written sales grew 12.3%, supported by a refined direct mail strategy that targeted 750,000 new customers with specific pricing and design capabilities.Inventory levels were intentionally increased by $12.7 million to $96.2 million to front-run potential tariff implementations and ensure immediate product availability.Management attributed a late-quarter written sales deceleration to the 45-day government shutdown, which created consumer uncertainty despite strong post-Thanksgiving momentum.Avera ...

ATLANTA, GA / ACCESS Newswire / February 24, 2026 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), today reported its operating results for the fourth quarter ended December 31, 2025. Fourth quarter 2025 versus fourth quarter 2024: Diluted earnings per common share ("EPS") of $0.51 versus $0.49. ...

Modern furniture brand Article now offers Klarna’s flexible payment options at checkout in the United States and Canada.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.With these options, Article customers can choo ...

Office Market Overview - The U.S. office market experienced a 9.6% decline in overall leasing in 2025 compared to 2024, and it was 13.6% below the pre-Covid-19 average [1] - The decline in office leasing has led to reduced demand for office furniture, similar to the impact on home furniture when home sales decrease [1] Retail Impact - Retailers selling office furniture and services are expected to face lower sales due to the declining demand, which may lead to store closures and fewer sources for businesses needing furnishings [2] - Total home sales in 2025 were approximately 1,000 units lower than in 2024, totaling 4.061 million, marking the lowest annual home sale total since 1995 [2] Consumer Spending Trends - Furniture purchases are often discretionary and can be deferred, making them sensitive to economic conditions and consumer confidence, which have weakened recently [3] Furniture Sales Performance - The overall furniture industry saw a slight month-over-month increase of 0.33% in December 2025, but annual sales declined by 0.82% compared to 2024 [4] - In January 2026, furniture and home furnishings sales decreased by 0.31% month over month seasonally [4] Bankruptcy and Liquidation - A challenging economic environment led to the bankruptcy filing of American Signature Inc., which sought Chapter 11 protection to reorganize and sell assets after closing several stores [5] - The company, based in Columbus, Ohio, filed for bankruptcy on November 22, 2025, listing assets between $100 million and $500 million and liabilities between $500 million and $1 billion [6] - American Signature ultimately decided to liquidate, closing all 79 Value City Furniture stores across 13 states and 10 American Signature Furniture stores in Delaware and Florida [7]

ATLANTA, GA / ACCESS Newswire / February 20, 2026 / Haverty Furniture Companies, Inc. (NYSE:HVT)(NYSE:HVT.A) ("Havertys" or the "Company") today announced that its Board of Directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the Company at a rate of $0.33per share on the common stock and $0.31 per share on the Class A common stock.The dividend is payable on March 25, 2026, to stockholders of record at the close of business on March 10, 2 ...

Core Insights - The furniture retailer reported better-than-expected sales and adjusted earnings, indicating strong performance in the market [1] - However, a debt extinguishment loss negatively impacted overall profits, highlighting potential financial challenges [1] Sales Performance - The company achieved sales figures that exceeded market expectations, suggesting robust demand for its products [1] - Adjusted earnings also surpassed forecasts, reflecting effective cost management and operational efficiency [1] Financial Impact - The debt extinguishment loss has been a significant factor affecting the company's profitability, which may raise concerns among investors regarding future financial stability [1]

ATLANTA, GA / ACCESS Newswire / February 17, 2026 / HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVT)(NYSE:HVT.A) will release its fourth quarter 2025 financial results on Tuesday, February 24, 2026, before the market opens, followed by a conference call with investors and analysts at 10:00 a.m. ...