Slides
Page 1
INVESTOR PRESENTATION FOURTH QUARTER 2025 HA VERTY FURNITURE COMPANIES, INC.
Page 2
This presentation may contain forward-looking statements. These statements are based upon current expectations and assumptions, subject to risks and uncertainties. Havertys’ actual results and financial condition may differ, possibly materially, from what is indicated in those forward-looking statements. For a discussion of some of the risks and factors that could affect Havertys’ future results and financial condition, please see the description of “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, and quarterly reports filed with the SEC. The statements in the presentation are current only as of its date, February 24, 2026. FORWARD -LOOKING STATEMENTS 2
Page 3
We are driven to delight our customers by offering personalized design, quality home furnishings, and an outstanding customer experience — all while demonstrating a commitment to our team members and delivering consistent value to our shareholders. We strive to help our customers bring their home visions to life, and are committed to Customer Focus, Integrity, Quality, and Teamwork, while honoring our History and Heritage. OUR MISSION, VISION & V ALUES 3 A 140- YEAR LEGACY OF EXCELLENCE Havertys is a specialty retailer of residential furniture and accessories founded in 1885 in Atlanta, Georgia. We serve customers across the Southern and Midwestern regions of the United States. All of our retail locations are operated using the Havertys name, and we do not franchise our stores. Our fully integrated online and in- store shopping experiences enable our customers to enjoy a seamless interaction, whenever, wherever, and however they desire.
Page 4
OUR STRATEGIC ADV ANTAGES Attractive and resilient target customers Store base is the right size in the right locations Optimized distribution and delivery system Flexible merchandising & fulfillment strategy Strong balance sheet 4
Page 5
CUSTOMER BASE Style-conscious & trend aware Married with children Pays attention to value Suburban homeowner Household income > $150k Strong credit scores Seeks information online & offline Uses social media for trends, opinions & ideas
Page 6
STORES: RIGHT SIZE, RIGHT LOCATION WITH EXCELLENT FULFILLMENT CAPABILITIES 129 STORES 17 STATES IN THE SOUTH & MIDWEST 4.5MM APPROX. TOTAL STORE SQFT 3 REGIONAL DISTRIBUTION CENTERS 4 HOME DELIVERY CENTERS 100% of deliveries are made with Havertys team members. In-stock merchandise reaches customers within 2-5 days. 6
Page 7
We offer an assortment of merchandise with varying price points that appeal to a broad target customer base. EXCLUSIVE MERCHANDISE ACROSS PRICE POINTS & STYLE 7 FURNITURE PRICE POINTS $$$$ $$$ $$ $
Page 8
20.0% 22.0% 24.0% 26.0% 28.0% 30.0% 32.0% 34.0% 2023 2024 2025 YTD designer % of written sales $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 2023 2024 2025 Overall Designer CONTINUED STRENGTH IN DESIGN Our FREE in-home design service is available for customers seeking a more in-depth, personalized purchasing experience. Our design consultant engagement remains strong and is a positive catalyst for continued growth. 8 YTD average ticket
Page 9
DRIVING DEMAND WITH DATA AND TECHNOLOGY In collaboration with our agency partners, we leverage our data to develop advertising and marketing strategies customized to the markets we serve. Customization Creative dynamically adapts messaging to the unique style and business needs of each market. Contextual A.I. Artificial intelligence optimizes ad placement within relevant content, increasing its resonance and impact. Technology & Measurement Best-in-class technology partners provide omnichannel measurement and meaningful data of a customer’s shopping journey. 9
Page 10
Net sales for 2025 increased $36.1 million, or 5.0%, compared to 2024 results. Gross profit margin, excluding the impact of LIFO, increased 70 basis points due to product selection, merchandise pricing, and mix. Our results reflect the effectiveness of our customer-first approach and strategic advertising and marketing efforts. $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 Diluted EPS (dollars per share) 2024 2025 $1.19 $1.19 55.0% 57.0% 59.0% 61.0% Gross Profit Margin (excluding LIFO impact) 2024 2025 60.6 % 61.3 % 2025 FINANCIAL RESULTS 10 *Amounts may not always add to totals due to rounding $100 $200 $300 $400 $500 $600 $700 $800 Consolidated Sales (dollars in millions) 2024 2025 $722.9 $759.0 *See Appendix on page 18 for non-GAAP reconciliation
Page 11
Bedroom, 14.9% Dining, 10.3% Occasional, 7.2% Upholstery, 44.5% Bedding, 8.8% Accessories & Other, 14.3% REVENUES BY CATEGORY FOR 2025 11 Upholstery remains our leading category, at approximately 44% of net sales.
Page 12
• leveraging vendor relationships to minimize price increases, • targeted price increases on products passed through to our customers, • reducing China tariff exposure to less than 5% of purchases, and • re-sourcing and re-assorting products, as needed. TARIFF MITIGATION STRATEGY We continue to monitor the tariff developments and assess their potential impact on our business. Our merchandise team has been working closely with our suppliers to address the changes in U.S. tariff policy. Our tariff mitigation includes, but is not limited to: 12 12
Page 13
$100 $105 $110 $115 $120 $125 Cash & Cash Equivalents 2023 2024 2025 $120.0 $120.6 $125.3 $60 $65 $70 $75 $80 $85 $90 $95 $100 $105 Inventories 2023 2024 2025 $94.0 $83.4 $96.2 STRONG BALANCE SHEET Our strong cash position provides flexibility to take advantage of opportunities, advance our strategic goals, and return capital to shareholders. 13
Page 14
CAPITAL ALLOCATION PHILOSOPHY Planned capital expenditures for 2026 are $33.5 million Disciplined and balanced approach for return to shareholders 90-year track record of consistent dividend payments Targeted payout based on earnings and FCF In February 2026, the Board of Directors approved an additional $15 million of share repurchase authorization. The share repurchase authorization balance as of February 24, 2026, was approximately $18.3 million. 14
Page 15
CAPITAL ALLOCATION – CASH RETURNED TO SHAREHOLDERS Purchased approximately 216,000 shares of common stock for $4.8 million and paid $20.8 million in dividends in 2025. ($ in millions) $19 $20 $21 $16 $0 $0 $7 $5 $5 $42 $25 $26 2023 2024 2025 Dividends Special Dividends Share Repurchases 15
Page 16
2026 EXPECTATIONS Our 2026 guidance includes the impact of the new tariffs announced by the administration. We continue to monitor tariff developments and assess their potential impact on our business. With our strong balance sheet, we continue to invest in all parts of our operations, including our stores, distribution network, and information technology. • Opened two stores, relocated one store, and closed two stores in 2025 • Five new locations announced for 2026 • St. Louis, MO • Nashville, TN • Houston, TX (2 locations) • Pittsburgh, PA • new market and 18th state • Gross profit margins for 2026 are expected to be between 60.5% and 61.0% • Fixed and discretionary SG&A expenses for 2026 are expected to be in the $307 to $309 million range • Variable SG&A expenses for 2026 are expected to be in the 18.6% to 18.8% range 16
Page 17
COMPELLING INVESTMENT THESIS > 5% dividend yield with 91-year track record of payout stability 2nd consecutive quarter of positive same-store sales Consolidated sales increased 9.5% to $201.9 million for 4Q25 and increased 5.0% to $759.0 for 2025 Strong balance sheet and cash position Cash and restricted cash balance as of December 31, 2025, was approximately $132 million No funded debt Store concentration in attractive southern and midwestern U.S. regions Attractive and resilient target customers Household income > $150,000/year with strong credit ratings 17
Page 18
APPENDIX – GAAP TO NON-GAAP RECONCILATION 18 We report our financial results in accordance with accounting principles generally accepted inthe 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 gross profit margin, excluding the impact of LIFO, is a meaningful measure to share because it removes the volatility created by LIFO adjustments resulting from the tariff-related U.S. policy changes in 2025.