Havertys is a specialty furniture retailer operating 129 stores across 17 states in the Southern and Midwest U.S. The company sells residential furniture and accessories — upholstery, bedroom, dining, occasional tables, mattresses, and décor — almost entirely under the Havertys brand, targeting middle to upper-middle income households. Havertys sells through its own stores and website, with online sales accounting for roughly 3% of revenue. A key part of Havertys' model is its in-house commissioned sales team and a free interior design service, including in-home consultations. Design-assisted sales account for about a third of written sales and carry average tickets roughly double the overall average. Havertys manages its own last-mile home delivery using Havertys employees, which management views as a differentiator for service quality. About a third of sales are financed through third-party lenders, with Havertys carrying no credit risk. The company's primary growth lever is organic store expansion, targeting net five new store openings per year within its existing distribution footprint, with a stated goal of returning revenue above $1B — a level at which the business would unlock meaningful SG&A operating leverage. Tariffs are a material issue given Havertys' significant sourcing of wood case goods from Asia; the company's approach is to work with vendors on cost absorption, make selective price increases, and build inventory ahead of tariff implementation.