Haverty Furniture Companies, Inc. reports developments as a full-service home furnishings retailer serving Southern and Midwestern markets with residential furniture and accessories in middle to upper-middle price ranges. Recurring updates cover operating results, delivered and written sales, comparable-store sales, gross margin, average ticket trends, merchandise categories such as upholstery and bedroom furniture, and the company’s in-home design program.
Havertys news also includes store-growth activity, cash dividend declarations on its common and Class A common stock, participation in consumer and retail investor conferences, and governance changes such as board appointments. The company was established in 1885 and trades on the NYSE under HVT and HVT.A.
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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