Haverty Furniture Cos Inc Stock Price, News & Analysis

Havertys (NYSE: HVT) has announced its second quarter cash dividend for 2025. The company will pay $0.32 per share on common stock and $0.30 per share on Class A common stock. The dividend will be distributed on June 17, 2025, to shareholders of record as of June 2, 2025. Notably, Havertys has maintained its tradition of paying cash dividends consistently since 1935, marking a 90-year streak of dividend payments.

Havertys Furniture (HVT) announces a Military Appreciation Event on May 3, 2025, across all 130 showrooms, featuring exclusive giveaways, refreshments, special financing, and a chance to win a $1,000 gift certificate. In partnership with Tempur-Pedic, Havertys is donating 78 mattresses to The Joel Fund, a Raleigh-based non-profit supporting military veterans and their families. The donation aims to assist veterans facing homelessness and other challenges. The company maintains an ongoing military discount program, and this marks the first time Havertys will host a simultaneous celebration across all locations.

Havertys reported its Q1 2025 results with mixed performance indicators. The furniture retailer saw a 1.3% decrease in consolidated sales to $181.6 million, while comparable store sales declined 4.8%. Despite these challenges, the company improved its gross profit margin to 61.2% from 60.3% year-over-year.

Notable financial highlights include:

• Diluted EPS increased to $0.23 from $0.14
• Generated $6.2 million in operating cash flow
• Maintained strong liquidity with $118.3 million in cash and no debt
• Returned $7.2 million to shareholders through dividends and share repurchases

CEO Steven G. Burdette acknowledged challenges including weak housing market, winter weather impacts, and trade policy changes. The company maintained its 2025 guidance with expected gross margins between 60.0-60.5% and planned capital expenditures of $24.0 million, while anticipating a 2.0% increase in retail square footage.

Havertys (NYSE: HVT) has announced it will release its first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The furniture retailer will host a conference call with investors and analysts the following day, Thursday, May 1, at 10:00 a.m. ET to discuss operational results.

The company will provide a live webcast of the conference call through their investor relations website. The webcast will be archived and available for replay from approximately 1:00 p.m. ET on May 1.

Havertys (NYSE: HVT) has announced key leadership changes in its legal department. Brendan McGill will assume the role of Senior Vice President, General Counsel effective April 1, 2025. McGill joins from Greystar Real Estate Partners, where he served as Senior Managing Director, Corporate Legal. His previous experience includes positions at Sylvan Road Capital, Invesco, Mohawk Industries, and Alston & Bird.

McGill succeeds Janet E. Taylor, who is retiring after 20 years with Havertys. Taylor joined the company in 2005 as Vice President, Law, following twelve years at King & Spalding. CEO Steven G. Burdette highlighted McGill's expertise in corporate governance, M&A, regulatory compliance, and global investment management as valuable assets for executing the company's growth strategy.

Havertys (NYSE:HVT) has announced its upcoming participation in two major investor conferences. The furniture retailer will attend the Loop Capital Markets' 2025 Investor Conference on March 11, 2025, and the UBS Global Consumer and Retail Conference on March 12, 2025.

A fireside chat presentation is scheduled for March 12, 2025, at 10:00 am EST. The presentation materials will be accessible through the Events & Presentations page in the Investor Relations section of Havertys' website. Interested parties can arrange meetings with management through their conference representatives.

Havertys (NYSE:HVT) reported declining performance for Q4 2024, with consolidated sales decreasing 12.5% to $184.4 million and comparable store sales down 13.7%. The company's Q4 diluted EPS fell to $0.49 from $0.90 year-over-year, while gross profit margin slightly decreased to 61.9% from 62.4%.

For full-year 2024, consolidated sales declined 16.1% to $722.9 million, with comparable store sales dropping 16.7%. Pre-tax income decreased significantly to $26.2 million from $72.7 million in 2023. Despite challenges, Havertys returned $25.5 million to shareholders through $5.0 million in share buybacks and $20.5 million in dividends.

The company opened five net new stores in 2024, including a return to the Houston market. Looking ahead to 2025, Havertys expects gross profit margins between 60.0% to 60.5% and plans capital expenditures of approximately $27.1 million.

Havertys (NYSE: HVT and HVT.A) has declared its first quarter 2025 cash dividend. The board approved a dividend of $0.32 per share for common stock and $0.30 per share for Class A common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of March 6, 2025. This continues Havertys' long-standing tradition of dividend payments, which has been maintained annually since 1935.

Havertys (NYSE:HVT) has announced it will release its fourth quarter and year end 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call with investors and analysts on Tuesday, February 25, 2025, at 10:00 a.m. ET to discuss operational results. A live webcast of the conference call will be available on the company's investor relations website, with an archived version accessible for replay from approximately 1:00 p.m. ET on February 25.