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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Haverty Furniture benefitted from the stay-at-home trend during the pandemic that boosted revenue for home improvement products like home furnishings. Haverty Furniture has produced impressive EPS growth over the past five years and recently increased its quarterly dividend. Despite increases in share prices, Haverty Furniture shares may still be undervalued.

Haverty Furniture And Its Real Value

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Haverty Furniture's Recent Dividend Hike Makes It a Perfect Dividend Capture Stock

ATLANTA, GA / ACCESSWIRE / May 19, 2023 / HAVERTYS (NYSE:HVT and HVT.A) announced today that its board of directors declared a 7.1% increase in the quarterly dividend, from $0.28 per share to $0.30 per share on the company's common stock. The quarterly dividend for the company's Class A common stock is also being increased from $0.26 to $0.28 per share.

Havertys Announces Increase in Quarterly Dividend

WASHINGTON , May 4, 2023 /PRNewswire/ -- HAVERTYS FURNITURE (NYSE:HVT and HVT.A) today announced their celebration of serving the greater Washington, D.C. area for 25 years.

HAVERTYS SAYS 'THANK YOU' FOR 25 YEARS IN THE GREATER D.C. AREA WITH NEW ART COLLECTION FOR LOCALS

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q1 2023 Earnings Conference Call May 3, 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 Cristina Fernández – Telsey Advisory Group Operator Greetings and welcome to the Haverty First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder this conference is being recorded.

Haverty Furniture Companies, Inc. (HVT) Q1 2023 Earnings Call Transcript

Haverty Furniture (HVT) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.11 per share a year ago.

Haverty Furniture (HVT) Q1 Earnings and Revenues Miss Estimates

ATLANTA, GA / ACCESSWIRE / May 2, 2023 / HAVERTYS (NYSE:HVT and HVT.A), today reported its operating results for the first quarter ended March 31, 2023. First quarter 2023 versus first quarter 2022: Diluted earnings per common share ("EPS") of $0.74 versus $1.11.

Havertys Reports Operating Results for First Quarter 2023

Haverty Furniture is expected to announce financial results for the first quarter of its 2023 fiscal year soon. Analysts are currently forecasting weakness on both the top and bottom lines, though there is room for optimism.

Haverty Furniture: A Comfy Prospect Heading Into Q1 Earnings

ATLANTA, GA / ACCESSWIRE / April 25, 2023 / HAVERTYS (NYSE:HVT and HVT.A) will release its first quarter 2023 financial results on Tuesday, May 2, after the market closes. The company will host a conference call with investors and analysts on Wednesday, May 3, at 10:00 a.m.

Havertys to Host First Quarter 2023 Earnings Conference Call on May 3, 2023

ATLANTA, GA / ACCESSWIRE / March 27, 2023 / HAVERTYS (NYSE:HVT and HVT.A) today announced that Katie R. Mendolera has been named senior vice president, strategic development and real estate, effective March 24, 2023.

Havertys Announces Officer Changes

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Clarence Smith - Chairman of the Board and Chief Executive Officer Richard Hare - Executive Vice President and Chief Financial Officer Steve Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti Cristina Fernandez - Chelsea Advisory Group Operator Hello. And welcome to today's conference call.

Haverty Furniture Companies, Inc. (HVT) Q4 2022 Earnings Call Transcript

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Haverty Furniture (HVT) delivered earnings and revenue surprises of -2.11% and 2.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Lags Q4 Earnings Estimates

ATLANTA, GA / ACCESSWIRE / February 21, 2023 / HAVERTYS (NYSE:HVT and HVT.A), today reported its operating results for the fourth quarter and year ended December 31, 2022. Fourth quarter 2022 versus fourth quarter 2021: Diluted earnings per common share ("EPS") of $1.42 versus $1.35.

Havertys Reports Record Operating Results for Fourth Quarter and Year End 2022

ATLANTA, GA / ACCESSWIRE / February 14, 2022 / HAVERTYS (NYSE:HVT and HVT.A) will release its fourth quarter and year end 2022 financial results on Tuesday, February 21, after the market closes. The company will host a conference call with investors and analysts on Wednesday, February 22, at 10:00 a.m.

Havertys to Host Fourth Quarter and Year End 2022 Earnings Conference Call on February 22

Haverty Furniture Companies maintains a stable performance despite the moderating market demand. Its impressive liquidity position helps suffice its capacity and withstand headwinds.

Haverty: A Solid But Overvalued Company In A Lackluster Market

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ATLANTA, GA / ACCESSWIRE / December 1, 2022 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) announced today that Clarence H. Smith, chairman and CEO and Richard B.

Havertys Announces Participation in Sidoti Virtual Investor Conference on December 7

Haverty Furniture has done really well to continue growing, particularly on the top line. By most measures, profitability for the business is also improving, which is impressive in this difficult environment.

Haverty Furniture: Still A Solid Prospect

HVT shares have rallied 21.58% since publication of our last article, with the S&P 500 having declined 0.49% over that same period. HVT announced another special dividend of $1.00/share.

Haverty Furniture: After A Major Rally, Should You Take Profits?

ATLANTA, GA / ACCESSWIRE / November 10, 2022 / HAVERTYS (NYSE:HVT and HVT.A) announced today the election of Michael R. Cote to the company's board of directors.

Havertys Elects Michael R. Cote to Board of Directors

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.

News for Haverty Furniture Companies Stock (HVT)