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Stock impact report

Havertys Reports Earnings for Fourth Quarter and Full Year 2018

Haverty Furniture Companies, Inc. (HVT) 
Last haverty furniture companies, inc. earnings: 2/18 04:11 pm Check Earnings Report
US:NYSE Investor Relations: havertys.com/furniture/annual-reports
Company Research Source: GlobeNewswire
ATLANTA, Feb. 19, 2019 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reports earnings for the quarter ended December 31, 2018 of $0.45 per share compared to $0.13 per share for the same period of 2017.  The earnings per share for the full year 2018 were $1.42 compared to $0.98 per share for 2017. Clarence H. Smith, chairman, president and CEO, said, “Our results reflect the impact of our efforts to more closely align gross profit margins with the quality of our Havertys branded merchandise and gains from operational efficiencies against the backdrop of difficult sales conditions. “The fourth quarter was a challenge for our teams dealing with the tariffs placed on goods from China. We have addressed the disruption to product selection, sourcing, vendor pricing, supply chain and merchandise availability. We expect to continue to manage and work through the effect of the current 10% tariff without material impact to our business. Should the slated increase to 25% in March occur, Show less Read more
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