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Stock impact report

Havertys Reports Earnings for Second Quarter 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, July 31, 2018 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reports earnings per share of $0.29 for the second quarter ended June 30, 2018 compared to $0.29 for the same period of 2017. The earnings per share for the six months ended June 30, 2018 is $0.58 compared to $0.56 for the same period in 2017. Clarence H. Smith, chairman, president and chief executive officer, said, “We are encouraged by the performance of several of our new product lines, particularly in the bedroom category. This bodes well as customers begin to refresh more areas of their homes and we add more new groups in the second half of 2018. Promotions and markdowns in addition to higher freight costs pressured our gross margins for the second quarter. “The U.S. recently proposed a 10% tariff on furniture, accessories, and components used in the manufacturing of furniture imported into the U.S. from China. We imported approximately $100 million of products in 2017 that were manufactured in China. W Show less Read more
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