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Haverty Furn Cl A SC (HVT.A)
NYSE:HVT.A
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -11.96%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with strong gross margins, debt-free status, and positive traffic trends countered by significant declines in sales and net income. The company is also facing challenges from tariffs and increased SG&A costs, but new store openings and improved design business provide a positive outlook.Company Guidance
In the Haverty Furniture Companies, Inc. fourth quarter 2024 earnings call, the company provided guidance focused on maintaining strong financial metrics despite challenging market conditions. The company reported a 12.5% decrease in fourth-quarter sales to $184.4 million, with comparable store sales down 13.7%. For the year, total sales declined 16.1% to $722.9 million, with comps down 16.7%. Despite these declines, gross margins remained robust at 61.9% for the quarter and 60.7% for the year. The company ended the year with zero funded debt and over $120 million in cash. Looking ahead, Haverty's anticipates maintaining gross profit margins between 60% and 60.5% for 2025, with an effective tax rate expected to be 26.5%. The company also plans to increase inventory by 5% to 10% to support new store growth and expects fixed SG&A expenses to rise to $291 to $293 million due to store growth and inflation. With new store openings planned and strategic advertising initiatives, Haverty's aims to leverage its strong brand and financial position to navigate the ongoing economic challenges.Strong Gross Margins
Gross margins remained strong for Haverty Furniture, coming in at 61.9% for the fourth quarter and 60.7% for the year.
Debt-Free Status
Haverty Furniture ended the year with zero funded debt and over $120 million in cash.
Traffic and Conversion Improvements
Traffic showed the first positive gain year-over-year in the low single digits for the quarter. Conversion rates stabilized with written sales improving throughout the quarter.
Design Business Growth
The design business improved to approximately 32% of total business, with the designer average ticket growing to over $7,200, up over 8%.
New Store Openings
Opened new stores in Saint Petersburg, Florida, Greenwood, Indiana, and The Woodland in Houston, totaling six new stores and one closure in 2024.
Inventory Management
Inventories were reduced over 11% for the year, and plans are to increase inventories on best sellers by approximately 5% to 10% over the next few quarters.
No Port Disruptions
Successfully avoided disruptions from potential port strikes in January, maintaining product flow.
Increase in Organic Traffic
After implementing new technology on the homepage, a double-digit lift in organic traffic was observed.
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HVT.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HVT.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $20.74 | $23.17 | +11.72% |
| Oct 30, 2024 | $23.91 | $21.83 | -8.70% |
| Jul 31, 2024 | $27.94 | $28.35 | +1.47% |
| May 01, 2024 | $29.33 | $26.70 | -8.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Haverty Furn Cl A SC (HVT.A) report earnings?
Haverty Furn Cl A SC (HVT.A) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Haverty Furn Cl A SC (HVT.A) earnings time?
Haverty Furn Cl A SC (HVT.A) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HVT.A EPS forecast?
HVT.A EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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