Havertys reported strong fourth-quarter results for 2025, marked by a 9.5% increase in consolidated sales and an 8.2% rise in comparable store sales. Despite a slight decrease in gross profit margins due to LIFO impacts, the company achieved higher diluted EPS of $0.51 compared to $0.49 in the prior year and announced plans for further store expansion and a new $15 million stock repurchase authorization.
Havertys reported solid first quarter results with improved gross margins and earnings, despite a slight decrease in consolidated sales. Diluted EPS increased to $0.23 from $0.14 in the prior year, and gross profit margin improved to 61.2%.
Havertys experienced a decline in financial performance in Q4 2024, with diluted EPS falling to $0.49 from $0.90 and consolidated sales decreasing by 12.5% to $184.4 million. Despite the downturn, the company maintained discipline in operations, opened five new stores, and returned $25.5 million in capital to shareholders.
Haverty Furniture reported a decrease in sales and earnings for the third quarter of 2024, impacted by below-plan sales and a cautious consumer environment. Consolidated sales decreased by 20.2% to $175.9 million, and diluted earnings per share decreased to $0.29 from $1.02 in the same quarter of the previous year. The company opened one new store in the third quarter and expects to open three more in the fourth quarter, aiming to end the year with 129 locations.
Havertys reported a decrease in sales of 13.4% to $178.6 million and a decrease in EPS to $0.27 compared to $0.70 in the second quarter of 2023. The gross profit margin remained relatively stable at 60.4% compared to 60.5% in the prior year.
Haverty Furniture reported a decrease in sales and EPS for the first quarter of 2024 compared to the same period in 2023, impacted by the weak housing market. However, the company's gross profit margin increased, and they are expanding with new store openings and investments in their online presence.
Havertys reported a decrease in consolidated sales and comparable store sales for Q4 2023 compared to Q4 2022. However, the company saw an increase in gross profit margin. The company's strong balance sheet is enabling them to execute strategic store growth plans and invest in their business.
Haverty Furniture reported a decrease in sales for Q3 2023, with consolidated sales down by 19.7% and comparable-store sales decreasing by 20.7%. However, the gross profit margin increased to 60.8% from 57.1%. Diluted earnings per share also decreased to $1.02 compared to $1.46 in the same quarter of the previous year.
Havertys reported a decrease in consolidated sales by 18.5% to $206.3 million, with comparable-store sales down 19.1%. Diluted earnings per share decreased to $0.70 from $1.27 year-over-year. However, gross profit margin increased to 60.5% from 57.9%. The company is also planning to open four new locations in the first half of 2024.
Havertys reported a decrease in consolidated sales by 5.9% to $224.8 million and a decrease in EPS to $0.74 compared to $1.11 in the first quarter of 2022. However, the gross profit margin increased slightly to 59.1% from 59.0%.
Haverty Furniture reported a 5.5% increase in consolidated sales, reaching $280.6 million, and an EPS of $1.42 compared to $1.35 in Q4 2021. The company's gross profit margin also improved to 57.0%.
Havertys reported a strong third quarter with increased sales and improved gross margin, resulting in higher earnings per share. The company saw a rise in consolidated sales and comparable store sales, along with a higher gross profit margin.
Havertys reported a 1.3% increase in consolidated sales, reaching $253.2 million, and EPS of $1.27. Gross profit margin improved to 57.9% due to pricing discipline and merchandise mix.
Havertys reported a 1.0% increase in consolidated sales, reaching $238.9 million. The company's diluted earnings per share increased to $1.11, driven by a gross profit margin of 59.0% due to merchandise mix and pricing strategies.
Havertys reported a record-breaking quarter in sales with sales increasing by 10.2% to $265.9 million and pre-tax income of $32.1 million.
Havertys reported strong Q3 2021 results with a 19.7% increase in sales compared to Q3 2020. Diluted earnings per share increased to $1.31 from $0.97 in the prior year. The company's performance was driven by top-line growth and operating margin expansion, despite challenges related to product and freight costs, supply chain disruptions, and staffing.
Havertys reported outstanding sales for the second quarter, driven by the reopening of stores and a shift towards in-stock merchandise purchases. Gross profit margins improved despite supply chain challenges, and the company is focused on maintaining lower expenses and leveraging its strong cash position.
Havertys reported a 31.8% increase in consolidated sales, reaching $236.5 million, and diluted earnings per share of $1.04, compared to $0.09 in the first quarter of 2020. Comparable store sales increased by 11.5%.
Havertys reported a strong fourth quarter with a 12.9% increase in consolidated sales, reaching $241.3 million, and diluted EPS of $1.37. Comparable store sales increased by 13.7%.
Havertys reported a strong third quarter with significant increases in sales and EPS. Sales rose by 3.9%, and EPS increased to $0.97 compared to $0.31 in the same period last year. The company benefited from a surge in demand for home furnishings, though it faced supply chain challenges.
Havertys reported EPS of $0.72 for Q2 2020, compared to $0.29 in Q2 2019. Sales were $110.0 million, down from $191.9 million in the same period last year due to store closures. The company's written business for the last two months of the quarter was up 13.9%.
Havertys reported a decrease in sales by 4.2% to $179.4 million compared to $187.2 million in the same period of 2019. Earnings per share decreased to $0.09 compared to $0.17 for the same period of 2019. The company closed stores and halted deliveries in March due to the COVID-19 pandemic, but reopened most stores in May.
Havertys reported a sales increase of 2.3% for Q4 2019 compared to Q4 2018, with comparable store sales up by 1.4%. However, net earnings decreased due to an impairment loss for a retail store. The company is addressing supply chain disruptions caused by the coronavirus outbreak and remains optimistic about future growth.