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Stock impact report

Havertys Reports Earnings for First 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, May 01, 2018 (GLOBE NEWSWIRE) -- HAVERTYS  (NYSE:HVT) and (NYSE:HVT.A) reports earnings per share for the first quarter ended March 31, 2018 of $0.29 compared to $0.28 for the same period of 2017. Clarence H. Smith, chairman, president and CEO, said, “First quarter earnings were in line with our expectations based on previously released sales results. Promotions in addition to markdowns related to store closures and remodels resulted in slightly lower gross margins for the quarter. “We continue to separate Havertys from the promotional furniture stores with our quality products, exceptional customer service, and omni-channel capabilities. Our average ticket continues to increase and in-home designer associated sales exceeded 21% of total quarterly sales. Online engagement has grown with increases in website sessions, conversions, and sales volume. “Our ongoing market and store rationalization is evidenced with the March completion of the market repositioning in Columbia, Show less Read more
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