Haverty Furniture Companies

Haverty Furniture Cos., Inc. operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.

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Haverty Furniture Companies (HVT) achieves record sales amidst market challenges

Haverty Furniture Companies (HVT) delivered a strong performance in Q4 2022, achieving record sales and earnings growth. The company's focus on customer engagement and strategic expansion initiatives bode well for future success.
While facing challenges such as lower store traffic and written orders, Haverty's resilience and adaptability position it to navigate market headwinds effectively. By capitalizing on opportunities in new markets and product categories, Haverty aims to drive continued growth and profitability.
With a prudent approach to managing resources and investing in innovation, Haverty is poised to overcome challenges, capitalize on growth opportunities, and maintain its competitive edge in the furniture retail industry.

Haverty Furniture Q1 2023: Sales Decline Amid Strategic Growth Initiatives

Haverty Furniture Companies faced challenges with a decline in sales and workforce reductions but capitalized on strengths like new collections and supply chain improvements.
The company is focused on growth opportunities through store expansions, customer experience enhancements, and operational efficiencies.
Financial performance showed a mixed picture with lower sales but improved gross profit margins, indicating efforts to navigate the current retail landscape.
Guidance on key financial metrics for 2023 provides a roadmap for managing costs and driving profitability in the coming quarters.

Haverty Furniture Q2 earnings decline, plans store expansions and refurbishments

Haverty Furniture Companies faced challenges from consumer spending shifts and inflation but showed strength in average sales and gross profit margins in Q2 2023.
The company's financial performance reflected a decline in net income, yet it maintained a strong cash position and announced plans for store expansions and refurbishments.
Opportunities for revenue growth and market share expansion exist through new store openings, strategic acquisitions, and improvements in consumer demand trends.
Efforts to manage costs, enhance operational efficiency, and invest in growth initiatives will be crucial for Haverty Furniture to navigate industry challenges and capitalize on opportunities.

Haverty Furniture reports lower Q3 sales but strengthens cost management

Haverty Furniture Companies faced a decline in net sales and net income in Q3 2023.
Despite challenges, the company demonstrated strengths in cost management and liquidity.
Opportunities lie in planned investments for growth and operational efficiency enhancements.
Strategic decisions will be crucial in navigating profitability and market dynamics ahead.

Haverty Furniture reports sales decline but maintains profitability and growth

Haverty Furniture Companies faced sales decline but maintained profitability through improved margins and cost management.
The company's strategic acquisitions and expansion plans offer growth potential in the retail sector.
Financial stability with no funded debt and a strong cash position provide a solid foundation for future operations.
Challenges lie in navigating market uncertainties, managing operational changes, and adapting to consumer preferences.

Haverty Furniture Q1 2024: Sales Decline Offset by Profitability and Growth Plans

Haverty Furniture Companies faced sales decline in Q1 2024 but maintained profitability through strong gross margins and prudent financial management.
While challenges exist in sales and net income decreases, the company's solid financial position, inventory management, and dividend growth demonstrate resilience.
Strategic store expansion, marketing initiatives, and margin maintenance efforts position Haverty's to capitalize on growth opportunities and navigate market challenges effectively.

Haverty Furniture reports Q3 challenges but eyes strategic growth opportunities

Haverty Furniture Companies faced challenges in Q3 2024 due to a decline in sales and earnings per share, impacted by cautious consumer behavior and external factors.
However, the company demonstrated strengths in strategic expansion plans, growth in higher-end segments, and maintaining a strong financial position.
By addressing consumer sentiment, leveraging growth opportunities in design and special order businesses, and focusing on operational efficiencies, Haverty Furniture can navigate challenges and drive future success.

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Haverty Furniture Cos., Inc. engages in the retail of residential furniture and accessories. Its products are Tempur-Pedic, Serta, Stearns and Foster, Beautyrest, and Sealy. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.

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ATLANTA, GA / ACCESSWIRE / March 22, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) today announced that its board of directors has nominated Natalie B. Morhous to stand for election as a director at its annual meeting of stockholders on May 6, 2024.

Havertys Announces New Nominee for Election to Board of Directors

ATLANTA, GA / ACCESSWIRE / February 23, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) announced today that its board of directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.30 per share on the common stock and $0.28 per share on the Class A common stock. The dividend is payable on March 26, 2024, to stockholders of record at the close of business on March 11, 2024.

Havertys Announces First Quarter Cash Dividend

Haverty Furniture Companies, Inc. (NYSE:HVT) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET

Haverty Furniture Companies, Inc. (HVT) Q4 2023 Earnings Call Transcript

Haverty Furniture (HVT) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.39 per share a year ago.

Haverty Furniture (HVT) Misses Q4 Earnings and Revenue Estimates

ATLANTA, GA / ACCESSWIRE / February 21, 2024 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), today reported its operating results for the fourth quarter ended December 31, 2023. Fourth quarter 2023 versus fourth quarter 2022: Diluted earnings per common share ("EPS") of $0.90 versus $1.42.

Havertys Reports Operating Results For Fourth Quarter 2023

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ATLANTA, GA / ACCESSWIRE / February 15, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) will release its fourth quarter and year end 2023 financial results on Wednesday, February 21, 2024, after the market closes. The company will host a conference call with investors and analysts on Thursday, February 22, at 10:00 a.m.

Havertys to Host Fourth Quarter and Year End 2023 Earnings Conference Call on February 22, 2024

Haverty Furniture (HVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Haverty Furniture (HVT) Q4 Earnings Expected to Decline

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ATLANTA, GA / ACCESSWIRE / January 12, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) announced today that the company will participate in the inaugural Water Tower Research Furniture/Furnishings Virtual Conference on January 17, 2024. The event will showcase a full day of presentations by residential and commercial furniture manufacturers, wholesalers, and suppliers.

Havertys Announces Participation in Water Tower Research Furniture/Furnishings Virtual Conference

ATLANTA , Dec. 19, 2023 /PRNewswire/ -- Furniture retailer Havertys today announced their new "FURnishing Happiness" initiative to help local Atlanta shelter dogs find new homes via a partnership with Furkids, Georgia's largest no-kill animal shelter and rescue organization. Founded and headquartered in Atlanta, the furniture retailer — which is known for their mission to "Furnish Happiness" — is dedicated to helping people everywhere create joy-filled homes through stress-free furniture shopping experiences.

HAVERTYS PARTNERS WITH ATLANTA ANIMAL SHELTER TO GIVE PUPS FUREVER HOMES

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ATLANTA, GA / ACCESSWIRE / November 10, 2023 / HAVERTYS (NYSE:HVT and HVT.A) announced today, that its board of directors authorized a special cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $1.00 per share on the common stock and $0.95 per share on the Class A common stock. The board also approved the payment of the quarterly cash dividend of $0.30 per share on the common stock and $0.28 per share on the Class A common stock.

Havertys Announces Special Cash Dividend and Quarterly Cash Dividend

Haverty Furniture Company's revenue and profits have declined, but its low multiples and strong balance sheet make it an appealing investment opportunity. The furniture industry as a whole is experiencing weakness due to factors like inflation, stock market volatility, and rising interest rates. This means the firm's problems aren't company-specific and, when added to its strong balance sheet, the low trading multiples make it appealing.

Haverty Furniture Companies: Shares Are Still On Sale

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Clarence Smith – Chairman and Chief Executive Officer Steve Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Michael Legg – The Benchmark Company Cristina Fernández – Telsey Group Budd Bugatch – Water Tower Research Operator Greetings, and welcome to Haverty's Third Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode.

Haverty Furniture Companies, Inc. (HVT) Q3 2023 Earnings Call Transcript

ATLANTA, GA / ACCESSWIRE / November 1, 2023 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), today reported its operating results for the third quarter ended September 30, 2023. Third quarter 2023 versus third quarter 2022: Diluted earnings per common share ("EPS") of $1.02 versus $1.46.

Havertys Reports Operating Results for Third Quarter 2023

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Earnings Preview: Haverty Furniture (HVT) Q3 Earnings Expected to Decline

ATLANTA, GA / ACCESSWIRE / October 25, 2023 / HAVERTYS (NYSE:HVT) and (NYSE:HVT.A) will release its third quarter 2023 financial results on Wednesday, November 1, after the market closes. The company will host a conference call with investors and analysts on Thursday, November 2, at 10:00 a.m.

Havertys To Host Third Quarter 2023 Earnings Conference Call on November 2, 2023

Haverty Furniture Companies, Inc. (HVT) is the featured stock in September's Safest Dividend Yields Model Portfolio.

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The company's revenue decreased by 18.5% YoY, while operating margin reached 7.2%. A decrease in traffic due to pressure on consumers from macro factors has a negative impact on comparable sales. I expect pressure on financial performance to continue in the coming quarters, so my recommendation is hold.

Haverty Furniture: Still Not The Best Time To Go Long

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Haverty Furniture Companies, Inc. (NYSE:HVT ) Q2 2023 Results Conference Call August 2, 2023 10:00 AM ET Company Participants Richard Hare - CFO Clarence Smith - Chairman and CEO Steve Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Michael Legg - The Benchmark Company Cristina Fernández - Telsey Advisory Group Operator Greetings, and welcome to Haverty's Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Haverty Furniture Companies, Inc. (HVT) Q2 2023 Earnings Call Transcript

Haverty Furniture (HVT) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.27 per share a year ago.

News for Haverty Furniture Companies Stock (HVT)