Haverty Furniture Companies, Inc. (HVT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Vice President of Financial Recording Investor Relations. Thank you for joining us again. Thank you, Operator. Good morning, and thank you for joining our fourth quarter earnings call. I'm here today with our President and CEO, Steve Burdett, and Executive Vice President and CFO, Richard Harris. Before we begin, I'd like to remind everyone that today's conference call may contain forward-looking statements which are subject to risk and uncertainty. Actual results may differ materially from those made or implied in such statements. which speak only as of the date they are made and which we undertake no obligation to publicly update or revise. Factors that could cause actual results to differ include economic and competitive conditions and other uncertainties detailed in the company's report filed at the FCC. A replay of this call will be available on our investor relations website this afternoon. For commentary about our business, I will now turn the call over to Steve. Good morning, and thank you for joining our 2025 fourth quarter and 2025 year-end conference call. We are excited to report an increase in both written and delivered comp sales for Q4, marking our second consecutive quarter of positive comps. Our net sales for Q4 were 201.9 million, which was up 9.5%, with comps up 8.2%. Total written sales were up 3.5%, with comps up 3.2%. Gross margins for the quarter came in at 60.4%, versus 61.9% last year. However, we did incur 3.9 million in LIFO charges during the quarter. Pre-tax income for the quarter was 10.8 million or 5.3% operating margin versus 9.6 million or 5.2% operating margin, resulting in a 51 cents a share versus 49 cents a share. For the calendar year 2025, Our net sales came in at $759 million, which was up 5%, with comps up 2.1%. Gross margins f...