Exhibit 99.1




Havertys Furniture Reports Operating Results for Second Quarter 2025

Atlanta, Georgia, July 30, 2025 – Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A), today reported operating results for the second quarter ended June 30, 2025.

Second Quarter 2025 versus Second Quarter 2024:

•Diluted earnings per common share (“EPS”) of $0.16 versus $0.27.
•Consolidated sales increased 1.3% to $181.0 million. Comparable store sales decreased 2.3%.
•Gross profit margin was 60.8% compared to 60.4%.

Steven G. Burdette, President and CEO said, “In the second quarter of 2025, we delivered year-over-year sales growth for the first time since the fourth quarter of 2022, while also achieving strong gross margins, positive traffic trends, and improved conversion rates. Although we continue to navigate a challenging environment, including a soft housing market, low consumer confidence, and tariff uncertainty, we are encouraged by the positive sales and operational trends we are seeing across our business. Our improved sales results reflect the effectiveness of our new marketing and promotional strategies, the dedication of our teams, and the value of the experience we’ve gained in our 140-year history."















NEWS RELEASE – July 30, 2025        Page 2

Second Quarter ended June 30, 2025 Compared to Same Period of 2024
•Total sales up 1.3%, comp-store sales down 2.3% for the quarter. Total written business increased 0.4% and comp-store written business decreased 2.1% for the quarter.
•Design consultants accounted for 33.4% of written business in 2025 and 36.0% in 2024.
•Gross profit margins increased to 60.8% in 2025 from 60.4% in 2024.
•SG&A expenses were 59.3% of sales versus 57.7% and increased $4.2 million. The primary drivers of this change are:
◦increase in administrative expenses of $3.4 million primarily from increased salaries, performance-based incentive compensation and stock compensation costs.
◦increase in occupancy costs of $1.5 million largely due to costs related to new locations.
◦increase in advertising costs of $1.1 million driven by increased spending on television and interactive marketing.
◦decrease in warehouse and delivery costs of $1.1 million driven by lower salaries and related benefit costs.

Balance Sheet and Cash Flow for the Six Months Ended June 30, 2025

•Cash, cash equivalents, and restricted cash equivalents at June 30, 2025 are $113.8 million.
•Generated $13.4 million in cash from operating activities primarily from earnings and changes in working capital including a $9.9 million increase in inventories and a $1.4 million decrease in customer deposits.
•Invested $11.7 million in capital expenditures.
•Purchased approximately 94,000 shares of common stock for $2.0 million.
•Paid $10.4 million in quarterly cash dividends.
•No debt outstanding at June 30, 2025, and credit availability of $80.0 million.

Expectations and Other
•Our 2025 guidance includes tariffs currently in effect as of July 30, 2025, but excludes the effects of additional proposed tariffs that have not been finalized by the Trump Administration. We are closely monitoring the tariff developments and evaluating the impact to minimize the effects on our business.
•Our expectations for gross profit margins for 2025 are unchanged from our prior guidance and are between 60.0% to 60.5%. 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 2025 are expected to be in the $291.0 to $293.0 million range, unchanged from our previous guidance. Variable SG&A expenses for the full year of 2025 are anticipated to be in the 18.5% to 18.8% range, a decrease from our previous guidance driven by lower warehouse and delivery costs.
•Our effective tax rate for 2025 is expected to be 26.5%, excluding the impact from discrete items and any new tax legislation.
•Planned capital expenditures for the full year of 2025 are approximately $24.0 million. We expect retail square footage at the end of 2025 to remain consistent with 2024.




NEWS RELEASE – July 30, 2025        Page 3

Key Results
(amounts in millions, except per share amounts)

Results of Operations
Three Months Ended June 30,Six Months Ended June 30,
  2025202420252024
Sales$181.0$178.6$362.6$362.6
Gross Profit110.1108.0221.2219.0
Gross profit as a % of sales60.8%60.4%61.0%60.4%
SGA
Variable33.3 34.7 67.0 71.8 
Fixed74.0 68.4 147.5 140.7 
Total107.3103.1214.5212.5
SGA as a % of sales
Variable18.4%19.4%18.5%19.8%
Fixed40.9%38.3%40.7%38.8%
Total59.3%57.7%59.2%58.6%
Pre-tax income4.36.59.69.6
Pre-tax income as a % of sales2.4%3.6%2.7%2.6%
Net income2.74.46.56.8
Net income as a % of sales1.5%2.5%1.8%1.9%
Diluted earnings per share (“EPS”)$0.16 $0.27 $0.39 $0.41 

Other Financial and Operations Data
Six Months Ended June 30,
20252024
EBITDA (in millions)(1)
$18.7 $16.8 
Sales per square foot$161 $166 
Average ticket$3,350 $3,332 

Liquidity Measures
Six Months Ended June 30,Six Months Ended June 30,
Free Cash Flow20252024Cash Returns to Shareholders20252024
Operating cash flow$13.4 $17.5 Share repurchases$2.0 $— 
Dividends10.4 10.1 
Capital expenditures(11.7)(16.0)Cash returns to shareholders$12.4 $10.1 
Free cash flow $1.7 $1.5 
Cash at period end$113.8 $116.1 

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

NEWS RELEASE – July 30, 2025        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,
2025202420252024
Net sales$181,025 $178,636 $362,592 $362,633 
Cost of goods sold
(exclusive of depreciation and amortization)		70,923 70,652 141,407 143,630 
Gross profit110,102 107,984 221,185 219,003 
Expenses:
Selling, general and administrative107,333 103,099 214,535 212,455 
Other income, net(65)(101)(223)(78)
Total expenses107,268 102,998 214,312 212,377 
Income before interest and income taxes2,834 4,986 6,873 6,626 
Interest income, net1,492 1,467 2,746 3,022 
Income before income taxes4,326 6,453 9,619 9,648 
Income tax expense1,637 2,015 3,152 2,817 
Net income$2,689 $4,438 $6,467 $6,831 
Basic earnings per share:
Common Stock$0.17 $0.27 $0.40 $0.42 
Class A Common Stock$0.15 $0.25 $0.37 $0.39 
Diluted earnings per share:
Common Stock$0.16 $0.27 $0.39 $0.41 
Class A Common Stock$0.15 $0.25 $0.37 $0.39 
Cash dividends per share:
Common Stock$0.32 $0.32 $0.64 $0.62 
Class A Common Stock$0.30 $0.30 $0.60 $0.58 








NEWS RELEASE – July 30, 2025        Page 5

HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

(In thousands)June 30,
2025		December 31,
2024		June 30,
2024
Assets
Current assets
Cash and cash equivalents$107,357 $120,034 $109,942 
Restricted cash and cash equivalents6,414 6,280 6,125 
Inventories93,270 83,419 92,401 
Prepaid expenses15,775 14,576 16,445 
Other current assets13,332 14,587 15,497 
Total current assets236,148 238,896 240,410 
Property and equipment, net181,227 182,622 177,449 
Right-of-use lease assets192,265 194,411 195,000 
Deferred income taxes17,048 17,075 15,478 
Other assets15,984 15,743 13,768 
Total assets$642,672 $648,747 $642,105 
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable$16,464 $14,914 $18,058 
Customer deposits39,351 40,733 38,731 
Accrued liabilities37,436 39,635 37,090 
Current lease liabilities37,263 36,283 36,561 
Total current liabilities130,514 131,565 130,440 
Noncurrent lease liabilities180,045 182,096 176,940 
Other liabilities27,242 27,525 27,627 
Total liabilities337,801 341,186 335,007 
Stockholders’ equity304,871 307,561 307,098 
Total liabilities and stockholders’ equity$642,672 $648,747 $642,105 














NEWS RELEASE – July 30, 2025        Page 6

HAVERTY FURNITURE COMPANIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

(In thousands)Six Months Ended
June 30,
20252024
Cash Flows from Operating Activities:
Net income$6,467 $6,831 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization11,831 10,147 
Share-based compensation expense3,986 4,130 
Other1,156 1,314 
Changes in operating assets and liabilities:
Inventories(9,851)1,555 
Customer deposits(1,382)2,894 
Other assets and liabilities658 916 
Accounts payable and accrued liabilities512 (10,245)
Net cash provided by operating activities13,377 17,542 
Cash Flows from Investing Activities:
Capital expenditures(11,702)(15,952)
Proceeds from sale of land, property and equipment19 52 
Net cash used in investing activities(11,683)(15,900)
Cash Flows from Financing Activities:
Dividends paid(10,353)(10,070)
Common stock repurchased(2,000)— 
Taxes on vested restricted shares(1,884)(3,282)
Net cash used in financing activities(14,237)(13,352)
Decrease in cash, cash equivalents, and restricted cash equivalents during the period(12,543)(11,710)
Cash, cash equivalents, and restricted cash equivalents at beginning of period126,314 127,777 
Cash, cash equivalents, and restricted cash equivalents at end of period$113,771 $116,067 












NEWS RELEASE – July 30, 2025        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. 

Reconciliation of GAAP measures to EBITDA
Six Months Ended June 30,
(in thousands)20252024
Income before income taxes, as reported
$9,619 $9,648 
Interest income, net(2,746)(3,022)
Depreciation and amortization11,831 10,147 
EBITDA
$18,704 $16,773 

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 July 31, 2025 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.

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 havertys.com.  
 


NEWS RELEASE – July 30, 2025        Page 8

Safe Harbor  
This press release contains, and the conference call may contain forward-looking statements subject to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are subject to risks and uncertainties and change based on various important factors, many of which are beyond our control.  
 
All statements in the future tense and all statements accompanied by words such as “expect,” “likely,” “outlook,” “forecast,” “preliminary,” “would,” “could,” “should,” “position,” “will,” “project,” “intend,” “plan,” “on track,” “anticipate,” “to come,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, our expectations for retail and operating margins, selling square footage and capital expenditures for 2025, our liquidity position to continue to fund our growth plans, and our efforts and initiatives to execute our strategic plan.
  
We caution that our forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information you are cautioned not to place undue reliance on our forward-looking statements, and they should not be relied upon as a prediction of actual results. Factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements include but are not limited to: competition from national, regional and local retailers of home furnishings; our ability to anticipate changes in consumer preferences; our ability to successfully implement our growth and other strategies; our ability to maintain and enhance our brand; importing merchandise from foreign sources; fluctuations and volatility in the cost of raw materials and components; our dependence on third-party producers to meet our requirements; our vendors' ability to meet our quality control standards or comply with changes to the legislative or regulatory framework regarding product safety; risks in our supply chain, including price, availability and quality of raw materials and components utilized in the products we sell and our ability to forecast our supply chain needs; our reliance on third-party transportation vendors for product shipments from our suppliers; the effects of labor disruptions or labor shortages; and our ability to attract and retain key employees; the rise of oil and gasoline prices; increased transportation costs; damage to one of our distribution centers; the vulnerability of our information technology infrastructure to cyber-attacks, breaches and other disruptions; changes in general domestic and international economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions, and changing government policies, laws and regulations; pending or unforeseen litigation; as well as other risks and uncertainties discussed in the Company's Annual Report on Form 10-K for 2024 and from time to time in the Company's subsequent filings with the SEC. 
 
Forward-looking statements describe our expectations only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K, and other reports filed with the SEC.  

Contact: 
Havertys Furniture 404-443-2900 
Tiffany Hinkle
AVP, Financial Reporting
investor.relations@havertys.com 
 
SOURCE:  Haverty Furniture Companies, Inc.