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 (HVT), a leading residential furniture retailer since 1885, provides timely updates through this dedicated news hub. Investors and industry followers will find curated press releases, financial disclosures, and strategic announcements essential for tracking this heritage brand's market position.
This resource centralizes HVT's official communications, including quarterly earnings reports, new collection launches, and leadership updates. All content is sourced directly from company filings and verified channels, ensuring reliability for those monitoring the home furnishings sector.
Key updates cover product innovations, store expansion plans, and corporate responsibility initiatives. The archive serves as both a research tool for financial analysis and a transparency portal for customer-focused developments in HVT's nationwide operations.
Bookmark this page for streamlined access to Haverty's latest developments. Check regularly for updates that could impact market understanding of this established furniture retailer's performance and industry standing.
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.
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.
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