Welcome to our dedicated page for Haverty Furniture Cos news (Ticker: HVT), a resource for investors and traders seeking the latest updates and insights on Haverty Furniture Cos stock.
Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A) is a full-service home furnishings retailer in the furniture stores industry, focused on residential furniture and accessories. The company operates showrooms in 17 states across the Southern and Midwestern United States and emphasizes a wide selection of quality merchandise in middle to upper-middle price ranges. Its news flow offers insight into both its retail operations and its role as a long-standing public company.
On this page, readers can find news items such as quarterly operating results, where Havertys reports metrics like net sales, gross profit margins, comparable-store sales, SG&A trends, and EBITDA reconciliations. These releases often discuss factors influencing performance, including written business, sales per square foot, and the mix of variable versus fixed and discretionary expenses.
Havertys also issues dividend announcements, reflecting its history of paying a cash dividend in each year since 1935 and periodic changes in quarterly dividend rates on its common and Class A common stock. In addition, the company regularly publishes updates on investor conferences and fireside chats, including participation in events hosted by firms such as Evercore, Telsey Advisory Group, Sidoti, and ICR, where its leadership team meets with investors and analysts.
Investors and followers of HVT can use this news feed to review the company’s earnings releases, capital allocation updates, and corporate presentations over time. Returning to this page allows users to track how Havertys communicates about its financial performance, store base, and strategic priorities in the context of the home furnishings retail sector.
HAVERTYS (NYSE: HVT) reported Q1 2020 earnings per share of $0.09, down from $0.17 in Q1 2019. Sales decreased by 4.2% to $179.4 million, while gross profit margins improved to 55.5%. The company declared a cash dividend of $0.15 for common stock and $0.14 for Class A common stock, payable on June 19, 2020. Store closures due to COVID-19 impacted business, leading to a hiring freeze, salary reductions for executives, and a 25% cut in quarterly dividends. Despite challenges, 103 stores reopened by May 1, reflecting resilience in adapting operations during the pandemic.
Havertys (NYSE: HVT) will release its first-quarter 2020 financial results on May 20, 2020, post-market close. A conference call for investors and analysts is set for May 21, 2020, at 10:00 a.m. (ET) to discuss these results. Interested parties can access a live audiocast via the company's website, with replays available until May 31, 2020. Havertys, established in 1885, operates 120 showrooms across 16 states, offering a selection of quality home furnishings.
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