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) 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 Interested parties can access the live webcast on Havertys' investor relations website, with an archived version available post-call.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.
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.