Havertys (NYSE:HVT, HVT.A) declared a cash dividend of $0.28 per share for its common stock and $0.26 for Class A common stock. This dividend will be paid on March 27, 2023, to shareholders on record as of March 10, 2023. As a testament to financial stability, Havertys has consistently paid dividends annually since 1935, underscoring a long-standing commitment to returning value to its shareholders. The company operates 123 showrooms across 16 states, offering a diverse selection of home furnishings.
Havertys (NYSE:HVT, HVT.A) reported strong financial results for Q4 and FY 2022, highlighting continued growth despite economic challenges. Q4 2022 earnings per share (EPS) increased to $1.42 from $1.35, with consolidated sales rising 5.5% to $280.6 million. For FY 2022, EPS reached $5.24 compared to $4.90 the previous year, and sales hit a record $1.047 billion, marking the second consecutive year above $1 billion. Gross profit margin improved to 57.7%. However, the company acknowledged inflation and rising interest rates affecting operating costs and expressed caution about the consumer spending environment. Shareholders received $63.9 million in returns through dividends and share repurchases.
Havertys (NYSE:HVT and HVT.A) will announce its fourth quarter and full year 2022 financial results on February 21, 2022, after market closure. Following this, a conference call will be held on February 22, 2022, at 10:00 a.m. ET for discussions with investors and analysts. Interested parties can access the live webcast via the company's website, with an archived replay available at 1:00 p.m. ET the same day. Established in 1885, Havertys operates 122 showrooms across 16 states, offering quality home furnishings.
Havertys (HVT, HVT.A) announced its participation in the Sidoti December Virtual Investor Conference on December 7, 2022. CEO Clarence H. Smith and CFO Richard B. Hare will present and engage in one-on-one meetings with investors. The presentation starts at 9:15 AM ET and will be accessible live. Registration for the event is free, enabling investors to directly interact with Havertys management. Established in 1885, Havertys is a home furnishings retailer with 122 showrooms across the Southern and Midwestern U.S.
Havertys (NYSE:HVT, HVT.A) has authorized a special cash dividend of $1.00 per share on its common stock and $0.95 per share on Class A shares. Additionally, a quarterly dividend of $0.28 for common stock and $0.26 for Class A shares has been approved. Both dividends will be paid on December 13, 2022, to stockholders of record by November 28, 2022. Havertys has consistently distributed cash dividends since 1935.
Havertys (NYSE:HVT and HVT.A) announced the election of Michael R. Cote to its board of directors, effective November 11, 2022. Cote, who retired as CEO of Secureworks in 2021, brings extensive leadership experience and a customer-focused approach to the board. He will serve on the audit committee. Chairman Clarence H. Smith praised Cote's entrepreneurial spirit and expertise as beneficial for the company's growth. Havertys operates 121 showrooms across the Southern and Midwestern U.S., offering quality home furnishings.
Havertys (NYSE:HVT and HVT.A) will present at the SHARE Series event on November 14, 2022, at 10:30 ET. This virtual fireside chat aims to connect management with retail investors, allowing them to submit questions during the session. The presentation will be streamed live and archived for 90 days on the SHARE Series website. Established in 1885, Havertys operates 122 showrooms across 16 states, offering a variety of home furnishings in the middle to upper-middle price ranges.
Havertys reported strong third-quarter results for 2022, with diluted EPS rising to $1.46 from $1.31 in 2021. Consolidated sales increased 5.4% to $274.5 million, driven by a 6.3% increase in comparable store sales and a gross profit margin improvement to 57.1%. However, written business fell 7.2% compared to last year's record pace. CEO Clarence H. Smith noted challenges ahead due to inflation and market volatility but expressed confidence in the company's position for growth in 2023.
Havertys (NYSE:HVT) will announce its Q3 2022 financial results on November 1, following the market close. A conference call for investors and analysts is scheduled for November 2 at 10:00 a.m. ET to review operational results. Interested parties can access the live webcast on Havertys' investor relations website, with an archived version available post-call. Established in 1885, Havertys operates 121 showrooms across 16 states, offering a range of quality home furnishings at competitive prices.
Havertys (NYSE:HVT and HVT.A) announced participation in the Piper Sandler Growth Frontiers Conference in Nashville, TN, scheduled for September 13, 2022. Company's CEO Clarence H. Smith and CFO Richard B. Hare will engage in 1x1 investor meetings. Attendees can access presentation materials through the company's website.
Established in 1885, Havertys operates 121 showrooms across 16 states in the Southern and Midwestern regions, offering a range of quality home furnishings in middle to upper-middle price ranges.