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) has announced its upcoming participation in two major investor conferences. The furniture retailer will attend the Loop Capital Markets' 2025 Investor Conference on March 11, 2025, and the UBS Global Consumer and Retail Conference on March 12, 2025.
A fireside chat presentation is scheduled for March 12, 2025, at 10:00 am EST. The presentation materials will be accessible through the Events & Presentations page in the Investor Relations section of Havertys' website. Interested parties can arrange meetings with management through their conference representatives.
Havertys (NYSE:HVT) reported declining performance for Q4 2024, with consolidated sales decreasing 12.5% to $184.4 million and comparable store sales down 13.7%. The company's Q4 diluted EPS fell to $0.49 from $0.90 year-over-year, while gross profit margin slightly decreased to 61.9% from 62.4%.
For full-year 2024, consolidated sales declined 16.1% to $722.9 million, with comparable store sales dropping 16.7%. Pre-tax income decreased significantly to $26.2 million from $72.7 million in 2023. Despite challenges, Havertys returned $25.5 million to shareholders through $5.0 million in share buybacks and $20.5 million in dividends.
The company opened five net new stores in 2024, including a return to the Houston market. Looking ahead to 2025, Havertys expects gross profit margins between 60.0% to 60.5% and plans capital expenditures of approximately $27.1 million.
Havertys (NYSE: HVT and HVT.A) has declared its first quarter 2025 cash dividend. The board approved a dividend of $0.32 per share for common stock and $0.30 per share for Class A common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of March 6, 2025. This continues Havertys' long-standing tradition of dividend payments, which has been maintained annually since 1935.
Havertys (NYSE:HVT) has announced it will release its fourth quarter and year end 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call with investors and analysts on Tuesday, February 25, 2025, at 10:00 a.m. ET to discuss operational results. A live webcast of the conference call will be available on the company's investor relations website, with an archived version accessible for replay from approximately 1:00 p.m. ET on February 25.
Havertys (NYSE: HVT and HVT.A) has announced its upcoming participation in the 2025 ICR Conference. The company's presentation is scheduled for Tuesday, January 14, 2025, at 10:30 am EST. Interested parties can access the presentation through the Events & Presentations page in the Investor Relations section of Havertys' website at ir.havertys.com. For those seeking to arrange meetings with management, coordination is available through ICR representatives.
Havertys (NYSE:HVT) announced a planned CEO transition effective January 1, 2025. Clarence H. Smith will retire as CEO and transition to executive chairman, while current president Steven G. Burdette will become president and CEO and join the board of directors. Burdette, who joined Havertys in 1983 and was appointed president in 2021, will become only the 7th CEO in the company's 139-year history. Under Smith's leadership since 2003, Havertys transformed from a retailer of other companies' merchandise into a specialty branded retailer selling exclusively Havertys brand furniture, successfully navigating through the 2007 financial crisis and COVID-19 pandemic.
Havertys (NYSE: HVT, HVT.A) has declared its fourth quarter cash dividend. The company will pay $0.32 per share on common stock and $0.30 per share on Class A common stock. The dividend will be paid on December 12, 2024, to stockholders of record as of November 26, 2024. Notably, Havertys has maintained its tradition of paying cash dividends consistently since 1935.
Havertys reported Q3 2024 results showing significant declines, with consolidated sales decreasing 20.2% to $175.9 million and comparable-store sales down 20.5%. Diluted earnings per share fell to $0.29 from $1.02 year-over-year. Gross profit margin slightly decreased to 60.2% from 60.8%. The company continued its expansion plans, aiming to end 2024 with 129 locations after opening one store in Q3 with three more planned for Q4. Despite challenging market conditions affecting big-ticket purchases, Havertys maintains a strong balance sheet with $127.4 million in cash and no debt, while focusing on store growth, merchandising, and marketing strategies.
Havertys (NYSE:HVT) announced it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. The company will host a conference call with investors and analysts on Thursday, October 31, at 10:00 a.m. ET to discuss operational results. A live webcast will be available on the company's investor relations website, with a replay accessible from approximately 1:00 p.m. ET on October 31.
Havertys (NYSE: HVT, HVT.A) has announced its third quarter cash dividend for 2024. The board of directors declared dividends of $0.32 per share on common stock and $0.30 per share on Class A common stock. These dividends will be paid on September 11, 2024, to stockholders of record as of the close of business on August 26, 2024. This announcement continues Havertys' impressive streak of paying cash dividends every year since 1935, demonstrating the company's long-standing commitment to returning value to shareholders.