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.

ATLANTA, April  27, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today it would begin the process of reopening its stores and resuming its distribution and delivery operations. The company currently expects to reopen 108 of its 120 stores on May 1 and the remaining locations by mid-May.

Havertys Announces Store Reopenings and Workforce Rightsizing

ATLANTA, April  01, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today it would extend the suspension of its operations through April 30, 2020 in response to the COVID-19 outbreak. Havertys closed its stores March 19 and halted deliveries March 21 with an anticipated reopening of stores on April 2, 2020. Affected team members were paid during these periods of operational pause and most Havertys’ corporate office personnel transitioned to working remotely.

Havertys Provides COVID-19 Update and Extends Store Closures

ATLANTA, March  17, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today updates to its operating plans in response to the COVID-19 outbreak. Havertys will temporarily close its retail locations beginning March 19 until April 2, 2020. The warehouse and distribution operations will also be suspended for two weeks, with teams receiving products from vendors and making home deliveries thru March 21. The company will pay affected team members during these periods of operational pause. Havertys’ corporate office personnel are working remotely, and senior leadership is assessing business continuity plans during this national health emergency.

Havertys Provides COVID-19 Update

ATLANTA, Feb.  26, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that, on February 26, 2020, 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 $0.20 per share on the common stock and $0.19 per share on the Class A common stock.  The dividend is payable on March 27, 2020, to stockholders of record at the close of business on March 12, 2020. Havertys has paid a cash dividend in each year since 1935.

Havertys Announces First Quarter Cash Dividend and New Authorization Under Stock Repurchase Program

Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q4 2019 Results - Earnings Call Transcript

Let's see if Haverty Furniture (HVT) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Haverty Furniture (HVT) Stock?

ATLANTA, Jan.  09, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today its plans for two store openings in 2020. Havertys will enter the Myrtle Beach, SC market and add to its presence in the Dallas/Ft. Worth market with a store in Southlake, TX. Both locations are former Toys “R” Us stores and remodeling will begin soon with the stores opening in the fall.

Havertys to Enter Myrtle Beach, SC and Expand in Dallas/Ft. Worth, TX Markets

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ATLANTA, Nov.  08, 2019  (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Havertys, please note that the end of the first paragraph of the release should read "$0.19 per share on the Class A common stock" rather than "$0.18 per share on the Class A common stock." The corrected release follows:

CORRECTION - Havertys Announces Fourth Quarter Cash Dividend and Promotion

ATLANTA, Nov.  08, 2019  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that, on November 8, 2019, 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 $0.20 per share on the common stock and $0.18 per share on the Class A common stock.  The dividend is payable December 11, 2019 to stockholders of record at the close of business on November 25, 2019. Havertys has paid a cash dividend in each year since 1935.

Havertys Announces Fourth Quarter Cash Dividend and Promotion

Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q3 2019 - Earnings Call Transcript

Haverty Furniture (HVT) delivered earnings and revenue surprises of -16.22% and -0.58%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Q3 Earnings and Revenues Lag Estimates

ATLANTA, Aug.  22, 2019  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will open a new store on Friday, August 23rd, off Boones Crossing in Chesterfield Valley, a thriving part of the St. Louis market.

Havertys Enters St. Louis Market with New Store in Chesterfield, MO

Haverty Furniture Cos. Inc. said late Friday its board of directors has approved an 11% increase in the company's quarterly dividend, raising the dividend on the common stock to 20 cents a share and on the company's class A common stock to 19 cents a share.

Haverty Furniture ups dividend, approves share buyback

Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q2 2019 Results - Earnings Call Transcript

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Haverty Furniture Companies Inc. (HVT) CEO Clarence Smith on Q1 2019 Results - Earnings Call Transcript

Haverty Furniture (HVT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Haverty Furniture (HVT) Hits Fresh High: Is There Still Room to Run?

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Haverty Furniture Companies, Inc. (HVT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

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