Havertys (NYSE:HVT) announced the promotion of Greg Davis to senior vice president, information technology. Davis, who has been with Havertys since 1990, will now oversee the company's technology systems to support strategic goals. Previously, he served as vice president, information technology development, where he led the creation of unified operational systems and implemented a modern data warehouse and an Adobe-based replatforming of the website. Davis holds a computer science degree from the Georgia Institute of Technology. He will report to Clarence Smith, CEO. The announcement follows the planned retirement of Ed Clary, executive vice president and chief information officer, who will serve as a strategic advisor until his retirement in July 2024.
Havertys (NYSE:HVT and HVT.A) announced a 6.7% increase in quarterly dividend, with diluted EPS dropping to $0.14 from $0.74. Sales decreased by 18.1%, but gross profit margin rose to 60.3%. The company plans to open new stores and invest in business expansion.
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