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 (HVT) is a Great Momentum Stock: Should You Buy?

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Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q1 2021 Results - Earnings Call Transcript

Haverty Furniture (HVT) delivered earnings and revenue surprises of 141.86% and 17.66%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Q1 Earnings and Revenues Surpass Estimates

Shares of Haverty Furniture Cos (NYSE:HVT) increase in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 1055.56% over the past year to $1.04, which beat the estimate of $0.41.

Recap: Haverty Furniture Cos Q1 Earnings

ATLANTA, April 27, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A), today reported strong operating results for the first quarter ended March 31, 2021.

Havertys Reports First Quarter 2021 Results

Haverty Furniture saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before. The post Haverty Furniture Earns IBD Stock Rating Upgrade appeared first on Investor's Business Daily.

Haverty Furniture Earns IBD Stock Rating Upgrade

ATLANTA, April 20, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release its first quarter 2021 financial results on Tuesday, April 27, 2021, after the market closes. The company will host a conference call with investors and analysts on Wednesday, April 28, 2021 at 10:00 a.m. (ET) to discuss the results of its operations.

Havertys Announces Timing of First Quarter 2021 Financial Results and Investor Conference Call

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ATLANTA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors made important promotions in further developing and strengthening Havertys leadership team. Steven Burdette was elected president effective March 1, 2021. He will succeed Clarence Smith who will remain chairman and chief executive officer.

Havertys Announces Key Leadership Promotions and Quarterly Dividend

Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q4 2020 Results - Earnings Call Transcript

Shares of Haverty Furniture Cos (NYSE:HVT) increased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 242.50% year over year to $1.37, which beat the estimate of $0.88.

Haverty Furniture Cos: Q4 Earnings Insights

ATLANTA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A), today reported strong operating results for the fourth quarter and year ended December 31, 2020.

Havertys Reports Fourth Quarter and Full Year 2020 Results

Housing market dynamics remain resilient and home furnishing retailers such as HVT have benefitted. HVT has paid a dividend for 85 years; most recently, it paid a special dividend and the current forward yield is 2.56%.

Haverty Furniture Companies, Inc.: Buoyed By Tailwinds From The Housing Market

ATLANTA, Feb. 10, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release fourth quarter and full-year 2020 financial results on Wednesday, February 17, 2021, after the market closes. The company will host a conference call with investors and analysts on Thursday, February 18, 2021 at 10:00 a.m. (ET) to discuss the results of its operations.

Havertys Announces Timing of Fourth Quarter and Full-Year 2020 Earnings Release and Investor Conference Call

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At this stage, it will be prudent to invest in retail stocks with a favorable Zacks Rank. These are Nautilus(NLS), Tapestry (TPR), Brinker (EAT), MarineMax (HZO) and Haverty (HVT).

News for Haverty Furniture Companies Stock (HVT)