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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.
ATLANTA, GA / ACCESSWIRE / April 24, 2024 / HAVERTYS (NYSE:HVT; HVT.A) will release its first quarter 2024 financial results on Wednesday, May 1, 2024, after the market closes. The company will host a conference call with investors and analysts on Thursday, May 2, at 10:00 a.m.
The housing market is in a quandary due to a shortage of supply, which keeps prices elevated, and high interest rates, which soften demand. Many homeowners are simply opting to keep their homes as selling them would still expose them to high mortgage rates on their next home purchase.
It's tough being a furniture retailer in 2024.
Haverty Furniture (HVT) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.39 per share a year ago.