HavertysThryv

Havertys vs Thryv

This page compares Havertys (HAVERTY FURNITURE) and Thryv Holdings Inc across business models, financial performance, and market context, offering a neutral, accessible view of each company's position...

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Domestic Furniture's Tariff Advantage

Domestic Furniture's Tariff Advantage

The U.S. government has announced an investigation that will lead to new tariffs on furniture imports, causing stocks of major importers to fall. This policy shift creates a potential advantage for domestic furniture manufacturers who could benefit from reduced foreign competition.

Published: August 25, 2025

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Made In America: The Furniture Revival

Made In America: The Furniture Revival

President Trump's investigation into furniture imports could lead to new tariffs, creating a significant advantage for U.S.-based manufacturers. This theme focuses on domestic furniture companies and their suppliers, who are poised to gain market share from more expensive foreign competitors.

Published: August 24, 2025

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Made In America: Furniture's Tariff Tailwind

Made In America: Furniture's Tariff Tailwind

A potential tariff on imported furniture, prompted by a US presidential investigation, has created uncertainty for retailers dependent on foreign goods. This situation could create a significant advantage for American furniture manufacturers, positioning them for growth.

Published: August 23, 2025

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Consumer Strength: The Retail Rebound

Consumer Strength: The Retail Rebound

A surprising surge in U.S. retail sales, driven by strong automotive and home furnishing purchases, signals continued consumer strength despite economic headwinds. This theme focuses on retailers and manufacturers in these key discretionary sectors that are benefiting from the robust consumer demand.

Published: August 18, 2025

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Investment Analysis

Pros

  • Haverty Furniture benefits from a longstanding brand in regional U.S. markets, offering diversified furniture and accessories through both stores and e-commerce.
  • The company maintains a solid dividend yield and a conservative capital structure, with a current ratio well above industry averages, supporting financial stability.
  • Valuation metrics such as price-to-sales and price-to-book ratios are modest relative to peers, potentially providing a margin of safety for value-oriented investors.

Considerations

  • Havertyโ€™s revenue and net income declined significantly in the past year, reflecting ongoing pressures in the discretionary home furnishings sector.
  • Operational exposure is concentrated in the Southern and Midwestern U.S., increasing sensitivity to regional economic cycles and housing market trends.
  • The companyโ€™s product mix is heavily reliant on upholstery and bedroom furniture, which may limit diversification benefits during sector-specific downturns.
Thryv

Thryv

THRY

Pros

  • Thryv Holdings operates a scalable SaaS platform serving small businesses, with its software segment delivering consistent double-digit organic revenue growth.
  • The companyโ€™s valuation ratios, including price-to-sales and price-to-cash flow, appear low relative to many software peers, suggesting potential undervaluation.
  • Thryvโ€™s recent revenue growth outpaced analyst expectations, indicating resilient demand for its digital marketing and customer management tools.

Considerations

  • Recent earnings missed consensus estimates by a wide margin, highlighting potential volatility and execution risks as the business transitions toward software.
  • Thryv carries a higher debt-to-equity ratio than many SaaS peers, which could constrain financial flexibility if growth slows or interest rates rise.
  • The stock has experienced notable price volatility and a sharp decline from previous highs, reflecting investor uncertainty around future profitability.

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