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Haverty Furniture (HVT)
:HVT
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
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 5.00%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong gross margins, a debt-free balance sheet, and strategic store expansions as highlights. However, significant declines in sales and net income, coupled with challenges in the housing market and potential tariff impacts, present substantial hurdles.Company Guidance
During Haverty Furniture Companies, Inc.'s fourth quarter 2024 earnings call, the company provided several key metrics and forward-looking guidance for 2025. The company reported a 12.5% decrease in fourth-quarter sales to $184.4 million, with comparable store sales down 13.7%. For the full year, sales dropped 16.1% to $722.9 million. Despite the decline in sales, the gross margin was robust at 61.9% for the quarter and 60.7% for the full year. Pre-tax profit stood at $9.6 million for the quarter, reflecting a 5.2% operating margin. Haverty ended the year with no funded debt and over $120 million in cash. Looking forward, they expect gross profit margins for 2025 to be between 60% and 60.5%, with SG&A expenses projected to increase due to store growth and inflation, ranging from $291 to $293 million. The company plans to open five new stores in 2025 and anticipates capital expenditures of $27.1 million. They are also navigating tariff issues with China, Canada, and Mexico but expect these to have no impact on their current margin guidance. Overall, the company is focused on growing its store count and improving its design business appeal as part of its strategy for 2025.Strong Gross Margins
Gross margins remained robust at 61.9% for the quarter and 60.7% for the year, showing stability despite sales declines.
Debt-Free Balance Sheet
Haverty ended the year with zero funded debt and over $120 million in cash, indicating strong financial health.
Store Expansion
Opened six new stores in 2024, including a return to Houston after 40 years, with plans for further expansion in Houston and other markets.
Improvement in Traffic
Traffic saw its first year-over-year positive gain in the low single digits for the quarter.
Increase in Average Ticket Size
The average ticket rose by approximately 4% to just under $3,400, and the designer average ticket grew to over $7,200, up over 8%.
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HVT 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 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $20.78 | $22.66 | +9.05% |
| Oct 30, 2024 | $23.28 | $21.54 | -7.47% |
| Jul 31, 2024 | $28.14 | $28.43 | +1.03% |
| May 01, 2024 | $29.48 | $27.11 | -8.04% |
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 Furniture (HVT) report earnings?
Haverty Furniture (HVT) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Haverty Furniture (HVT) earnings time?
Haverty Furniture (HVT) 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 EPS forecast?
HVT EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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