Haverty Furniture to reopen all stores by mid-May, but will reduce workforce by 34% [MarketWatch]
Haverty Furniture Companies, Inc. (HVT)
Last haverty furniture companies, inc. earnings: 2/18 04:11 pm
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Source: MarketWatch
Haverty Furniture Companies Inc. said Monday that while it expects to reopen all of its stores by mid-May, it was reducing its workforce by 34%, given the "dramatic shock" from the coronavirus pandemic and the uncertainty over the ongoing impact. The home furnishings retailer, with stores in 16 states in the Southern and Midwestern regions, said it was reducing its workforce of 3,495 by about 1,200. The stock rallied 5.3% in afternoon trading. The company said it was extending the furlough of about 730 employees for another 30 days. On April 1, the company said it was extending its core closures for another 30 days, from the original expectation of April 2, and furloughed 3,033 employees, or 87% of its workforce. Haverty expects to reopen 108, or 90% of its 120 stores, on May 1, and the remaining stores by mid-May. The stock has dropped 35.8% over the past three months, while the S&P 500 has lost 11.5%.
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News
- Havertys Furniture Announces Participation in the 2026 ICR Conference [Yahoo! Finance]Yahoo! Finance
- Haverty Furniture Companies (NYSE:HVT) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Haverty Furniture Companies, Inc. (NYSE:HVT) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ? [Yahoo! Finance]Yahoo! Finance
- Haverty Furniture Companies (NYSE:HVT) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Haverty Furniture raises dividend by 3% to $0.33 [Seeking Alpha]Seeking Alpha
HVT
Earnings
- 10/29/25 - Beat
HVT
Sec Filings
- 12/12/25 - Form 4
- 12/11/25 - Form 144
- 11/21/25 - Form 4
- HVT's page on the SEC website