Havertys, a renowned furniture retailer, celebrates over 125 years of operations in Texas. To mark this milestone, the company has partnered with Four Hands Art Studio to launch an exclusive art collection available in its 22 Texas showrooms. This collection features six pieces that reflect Texas culture, utilizing cutting-edge printing technology for vibrant, fade-resistant artwork. Havertys aims to highlight its commitment to quality craftsmanship while honoring both Texas and its loyal customers.
Havertys (NYSE:HVT, HVT.A) reported its Q2 2022 results, revealing a 1.3% increase in consolidated sales to $253.2 million and a 1.1% rise in comparable store sales. Earnings per share improved to $1.27 from $1.21. Gross profit margin increased to 57.9%, driven by pricing discipline. However, total written sales dropped 13.3%. CEO Clarence H. Smith noted challenges ahead due to rising inflation and market volatility, though historical spending patterns suggest continued consumer investment in homes. Cash flow from operations stood at $26.3 million.
Havertys (NYSE:HVT, HVT.A) will announce its Q2 2022 financial results on August 2, after market close. A conference call will be held on August 3 at 10:00 a.m. ET for discussion with investors and analysts. Interested parties can listen to the live webcast on the company’s website, which will be available for replay afterward. Established in 1885, Havertys operates 121 showrooms across 16 states, offering a range of quality home furnishings.
Havertys (NYSE: HVT, HVT-A) announced a significant 12% increase in its quarterly dividend, raising it from $0.25 to $0.28 per share for common stock, and from $0.23 to $0.26 for Class A common stock. The dividends are set to be paid on June 17, 2022, to shareholders of record by June 2, 2022. With a history of paying dividends since 1935, this decision reflects Havertys' strong financial position and commitment to shareholder returns, as stated by CEO Clarence H. Smith.
HAVERTYS (NYSE: HVT, HVT-A) reported its Q1 2022 results, showing sales of $238.9 million, a 1.0% increase year-over-year. Gross profit margin improved to 59.0% from 57.1%, driven by pricing strategies. Diluted earnings per share rose to $1.11 from $1.04. However, total written sales dropped 8.8%, reflecting challenges from inflation and decreased in-store traffic. Although the company remains confident in long-term goals, ongoing supply chain issues and rising operational costs may pose risks.
Havertys (NYSE: HVT, HVT.A) will announce its Q1 2022 financial results on May 2, 2022, after market close. A conference call for investors and analysts is scheduled for May 3, 2022, at 10:00 a.m. ET to discuss these results. Interested parties can access a live audiocast on the company’s website, with a replay available until May 13, 2022. Established in 1885, Havertys operates 122 showrooms across Southern and Midwestern states, offering a wide range of home furnishings.
Havertys (NYSE: HVT, HVT-A) announced a cash dividend of $0.25 per share on common stock and $0.23 per share on Class A common stock. This dividend will be paid on March 25, 2022, to stockholders of record as of March 11, 2022. The company has a long track record of dividend payments, continuing since 1935, showcasing its commitment to returning value to shareholders. With 121 showrooms in 16 states, Havertys provides quality home furnishings at competitive prices.
HAVERTYS (NYSE: HVT, HVT-A) reported strong financial results for Q4 and FY 2021. Q4 sales jumped by 10.2% to $265.9 million, with a 9.2% rise in comparable store sales. EPS decreased slightly to $1.35 from $1.37. Annual sales reached a record $1,012.8 million, up 35.4%, and EPS rose to $4.90 from $3.12. Pre-tax income also surged to $118.5 million, compared to $76.7 million in 2020. The company plans to repurchase $25 million in shares in H1 2022 and expects gross profit margins to remain steady between 56.7% and 57.0% for 2022.
Havertys (NYSE: HVT and HVT.A) will announce its fourth quarter and year-end 2021 financial results on February 15, 2022, post-market. A conference call is scheduled for February 16, 2022, at 10:00 a.m. ET to discuss these results. The call can be accessed live on the company's website, with a replay available until February 26, 2022. Havertys, founded in 1885, operates 121 showrooms across 16 states, offering quality home furnishings in mid to upper-middle price ranges.
Havertys (NYSE: HVT, HVT-A) announced a special cash dividend of $2.00 per common share and $1.90 per Class A share, alongside a quarterly dividend of $0.25 and $0.23, respectively. Both dividends will be distributed on December 8, 2021, to shareholders on record by November 22, 2021. The board also sanctioned a new stock repurchase program allowing up to $25 million in buybacks. CEO Clarence H. Smith emphasized that this decision reflects the company's robust balance sheet and aims to balance dividends with capital for future growth.