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.

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q3 2022 Earnings Conference Call November 2, 2022 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 Cristina Fernandez – Chelsea Advisory Group Operator Good day, ladies and gentlemen, and welcome to the Haverty's Q3 Earnings Call. All lines have been placed on a listen-only mode and the floor will be opened for questions and comments following the presentation.

Haverty Furniture Companies, Inc. (HVT) Q3 2022 Earnings Call Transcript

ATLANTA, GA / ACCESSWIRE / November 1, 2022 / HAVERTYS (NYSE:HVT and HVT.A), today reported its operating results for the third quarter ended September 30, 2022. Third quarter 2022 versus third quarter 2021: Diluted earnings per common share ("EPS") of $1.46 versus $1.31.

Havertys Reports Operating Results For Third Quarter 2022

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ATLANTA, GA / ACCESSWIRE / October 25, 2022 / HAVERTYS (NYSE:HVT and HVT.A) will release its third quarter 2022 financial results on Tuesday, November 1, after the market closes. The company will host a conference call with investors and analysts on Wednesday, November 2, at 10:00 a.m.

Havertys To Host Third Quarter 2022 Earnings Conference Call on November 2

HVT is a closely-held regional furniture retailer with a roughly $430 million market capitalization, which has over $140 million in cash and no debt on the balance sheet. HVT could announce another special dividend in the next 60-80 days.

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ATLANTA, GA / ACCESSWIRE / September 2, 2022 / HAVERTYS (NYSE:HVT and HVT.A) announced today that Clarence H. Smith, chairman and CEO and Richard B.

Havertys Announces Participation in Piper Sandler Growth Frontiers Conference

ATLANTA , Aug. 25, 2022 /PRNewswire/ -- Furniture retailer Havertys today announced the celebration of over 125 years of operations in Texas. To commemorate the anniversary, and their 22 Texas showrooms, Havertys is partnering with Four Hands Art Studio — an artisan production facility in Austin that prints, builds and assembles artwork— to offer a new art collection exclusive to Havertys' Texas markets.

HAVERTYS COMMEMORATES OVER 125 YEARS OF SERVING TEXAS WITH EXCLUSIVE ART COLLECTION

ATLANTA, GA / ACCESSWIRE / August 5, 2022 / HAVERTYS (NYSE:HVT and 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 $0.28 per share on the common stock and $0.26 per share on the Class A common stock. The dividend is payable on September 7, 2022, to stockholders of record at the close of business on August 22, 2022.

Havertys Announces Third Quarter Cash Dividend and Additional Authorization Under Stock Repurchase Program

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q2 2022 Earnings Conference Call August 3, 2022 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 Operator Good day, ladies and gentlemen, and welcome to the Havertys Reports Operating Results for Second Quarter 2022 Conference Call. All lines have been placed on a listen-only mode.

Haverty Furniture Companies, Inc. (HVT) Clarence Smith on Q2 2022 Results - Earnings Call Transcript

ATLANTA, GA / ACCESSWIRE / August 2, 2022 / HAVERTYS (NYSE:HVT and HVT.A), today reported its operating results for the second quarter ended June 30, 2022. Second quarter 2022 versus second quarter 2021: Diluted earnings per common share ("EPS") of $1.27 versus $1.21.

Havertys Reports Operating Results for Second Quarter 2022

ATLANTA, GA / ACCESSWIRE / July 27, 2022 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) will release its second quarter 2022 financial results on Tuesday, August 2, after the market closes. The company will host a conference call with investors and analysts on Wednesday, August 3, at 10:00 a.m.

Havertys to Host Second Quarter 2022 Earnings Conference Call on August 3

Haverty Furniture Companies Inc. ( HVT , Financial) flies beneath the radar of most investors. That's not surprising since it had a market cap of just $418.89 million at the close of trading on June 23.

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After years of struggle, Haverty Furniture Companies, Inc. has more stable core operations today. Inflationary pressures and supply chain disruptions remain a challenge for the company.

Haverty Furniture Carves Financial Stability

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Steven Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Operator Good day, and welcome to the Haverty Furniture First Quarter Results 2022 Conference Call. Today's conference is being recorded.

Haverty Furniture Companies' (HVT) Management on Q1 2022 Results - Earnings Call Transcript

Haverty Furniture Company (NYSE: HVT) did not have a bad quarter by any means but there are signs within the report that point to darker times ahead. The company says demand is falling and noticeably in tune with inflation's rise and we think this is just the beginning.

Inflation Wreaks Havoc On Haverty Furniture Company

ATLANTA, May 02, 2022 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A), today reported its operating results for the first quarter ended March 31, 2022.

Havertys Reports Operating Results for First Quarter 2022

ATLANTA, April 26, 2022 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release its first quarter 2022 financial results on Monday, May 2, 2022, after the market closes. The company will host a conference call with investors and analysts on Tuesday, May 3, 2022, at 10:00 a.m. ET to discuss the results of its operations.

Havertys To Host First Quarter 2022 Earnings Conference Call on May 3, 2022

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Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q4 2021 Results - Earnings Call Transcript

Those who've been reading Marketbeat.com for a while will know that we are fond of the U.S. furniture industry including Haverty Furniture Company (NYSE: HVT). Suffice it to say that these are, generally speaking, healthy companies, and industry fundamentals had them ahead of the game in terms of the supply chain log-jam, and business is supported by secular tailwinds.

News for Haverty Furniture Companies Stock (HVT)