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, HVT-A) is set to announce its third quarter 2021 financial results on October 28, 2021, after market close. A conference call for discussion with investors and analysts will follow on October 29, 2021, at 10:00 a.m. ET. Interested parties can access the live audiocast on the company's website, with a playback option available until November 8, 2021. Established in 1885, Havertys operates 121 showrooms across 16 states, offering a variety of quality home furnishings at middle to upper-middle price points.
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.