HVT Stock Recent News

Haverty Furniture, a premium retailer with 120 stores, offers dual-class shares: HVT for liquidity and dividends, HVT.A for superior voting rights and flexibility to convert to HVT. Haverty appears to have lost market share this year, with its sales decline in H1 coming in at 2.2x the sales decline of the home furniture and furnishing market. Despite challenging market conditions, Haverty's gross margins remain stable, are expected to stay that way on account of its premium positioning, and stable inventory position.

ATLANTA, GA / ACCESSWIRE / August 9, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) announced today that its board of directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.32 per share on the common stock and $0.30 per share on the Class A common stock. The dividend is payable on September 11, 2024, to stockholders of record at the close of business on August 26, 2024.

Haverty Furniture Companies, Inc. (NYSE:HVT ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Richard Hare - Chief Financial Officer Clarence Smith - Chairman, Chief Executive Officer Steve Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti Cristina Fernandez - Telsey Advisory Group Budd Bugatch - Water Tower Research Mickey Legg - The Benchmark Company Operator Greetings, and welcome to the Haverty's Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Haverty Furniture (HVT) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.70 per share a year ago.

ATLANTA, GA / ACCESSWIRE / July 31, 2024 / HAVERTYS (NYSE:HVT and HVTA), today reported operating results for the second quarter ended June 30, 2024. Second quarter 2024 versus second quarter 2023: Diluted earnings per common share ("EPS") of $0.27 versus $0.70.

2024 is a challenge for this furniture retailer.

Revenues are falling significantly after a boost in 2021 and 2022 as the housing industry is being impacted by high interest and mortgage rates. Despite laudable efforts on the part of the management, inflationary pressures and lower volumes are putting significant pressure on profit margins. The balance sheet is very robust and the company is free of debt, which should allow it to overcome the clouds without significant difficulties.

ATLANTA, GA / ACCESSWIRE / May 17, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) announced today the promotion of Greg Davis to senior vice president, information technology, responsible for Havertys' technology systems and supporting the company's strategic goals. He will report to Clarence Smith, chairman and chief executive officer.

Haverty Furniture (HVT) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.74 per share a year ago.

Haverty Furniture (HVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.