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%.
Diluted earnings per share increased to $1.42 from $1.35.
Consolidated sales rose by 5.5% to $280.6 million.
Comparable store sales increased by 5.8%.
Gross profit margin improved to 57.0% from 56.4%.
The company anticipates an uncertain consumer spending environment and the impact of rising interest rates on the housing industry. Despite these challenges, they remain cautiously optimistic, planning for profitable long-term growth.
Analyze how earnings announcements historically affect stock price performance