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 and HVT.A) announced a meeting with institutional investors on September 22-23, 2021, to discuss its operations. Sales for Q3 2021 are up 21.2% year-over-year, with comparable store sales rising 19.5%. Additionally, written business has increased by 2.7% overall and 1.0% on a comparable basis. Despite strong performance, the company faces supply chain concerns due to ongoing lockdowns in Vietnam. The financial results for Q3 2021 will be announced on October 28, 2021.
Havertys (NYSE: HVT, HVT-A) announced a cash dividend of $0.25 per share for common stock and $0.23 for Class A common stock, payable on September 8, 2021. This dividend reflects a continuous payment history since 1935. Additionally, the board approved a stock repurchase program allowing up to $25 million in buybacks, following approximately $8.2 million remaining from previous authorizations. The company repurchased about 235,000 shares for $8.6 million during Q3 2021. CEO Clarence H. Smith emphasized the board's commitment to balanced capital allocation and future growth.
HAVERTYS (NYSE: HVT, HVT-A) reported a significant increase in second quarter 2021 results, with diluted earnings per share at $1.21 compared to $0.72 in 2020. Consolidated sales soared to $250 million, a 127.3% rise from $110 million in the previous year, fueled by a 46.9% increase in comparable store sales. Gross profit margins also improved to 56.6%. The company emphasizes the strength of its cash position, expected gross profit margins for 2021 between 56.5% and 56.8%, and ongoing strategic investments amid challenges from product shortages and rising costs.
Havertys (NYSE: HVT, HVT-A) is set to release its Q2 2021 financial results on July 27, 2021, following the market close. A conference call for investors will take place on July 28, 2021, at 10:00 a.m. ET, where the company will discuss its operational results. Interested individuals can access a live audiocast via Havertys' website, with a replay available until August 7, 2021. Havertys, established in 1885, operates 121 showrooms across 16 states, focusing on quality home furnishings.
Havertys (NYSE: HVT, HVT.A) will participate in the inaugural Shareholder Equity Conference on July 12, 2021, at 3:10 p.m. ET. The virtual event, hosted by Asbury Investor Relations and Stockperks, allows retail investors to interact with management during a fireside chat format. Interested parties can access a live stream of the presentation on Havertys' website and an archived replay will be available for 90 days post-event. Established in 1885, Havertys serves customers in 16 states with a variety of home furnishings.
Havertys (NYSE: HVT, HVT-A) announced a 13.6% increase in its quarterly cash dividend, raising it from $0.22 to $0.25 per share for common stock and from $0.20 to $0.23 for Class A common stock. The dividend, which reflects strong operating results, will be paid on June 16, 2021, to shareholders on record as of June 1. This marks the continuation of Havertys' commitment to return value to its shareholders, having paid dividends annually since 1935.
HAVERTYS (NYSE: HVT, HVT-A) reported a robust first quarter for 2021, with diluted earnings per share reaching $1.04 compared to $0.09 in 2020. Consolidated sales surged 31.8% to $236.5 million, while comparable store sales rose 11.5%. Gross profit margins improved to 57.1% due to pricing discipline. The company generated $19.6 million in cash from operations, and total cash and equivalents reached $210.1 million. Despite ongoing supply chain challenges, demand remains strong, though future consumer spending may shift.
Havertys (NYSE: HVT, HVT-A) is set to release its Q1 2021 financial results on April 27, 2021, after market close. Following this, a conference call for investors and analysts will be held on April 28, 2021, at 10:00 a.m. ET. The call will be accessible via live audiocast on their website, with a replay available until May 8, 2021. Havertys, a home furnishings retailer established in 1885, operates 121 showrooms across 16 states, offering a diverse range of quality products at middle to upper-middle price points.
On February 23, 2021, Havertys (NYSE: HVT, HVT-A) announced key promotions in its leadership team, with Steven Burdette becoming president on March 1, 2021. He brings over 37 years of experience with Havertys, previously serving as executive vice president of operations. The board declared a cash dividend of $0.22 per common share and $0.20 per Class A common share, payable on March 25, 2021, to shareholders of record as of March 12, 2021. Havertys has consistently paid dividends since 1935. This strategic leadership change aims to enhance the company's growth.
Havertys reported robust performance for Q4 and FY 2020, showcasing diluted EPS of $1.37 for Q4 2020, significantly up from $0.31 in Q4 2019. Consolidated sales grew by 12.9% to $241.3 million in Q4, while annual sales decreased 6.7% to $748.3 million due to mid-year operational pauses. Adjusted EPS reached $1.37 for Q4 and $1.88 for FY. Despite challenges in merchandise availability, the company maintained a strong balance sheet, returning $70 million to shareholders through dividends and stock repurchases. Future gross profit margins are projected between 55.3% and 55.8% for 2021.
FAQ
What is the current stock price of Haverty Furniture Cos (HVT)?
What is the market cap of Haverty Furniture Cos (HVT)?
