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Stock impact report

Bear of the Day: HAVERTYS (HVT) [Yahoo! Finance]

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: Yahoo! Finance
HAVERTYS is a home furnishings retailer with 127 showrooms in 17 states, specifically in the Southern and Midwestern regions. Founded in 1885, it specializes in merchandise in the middle to upper-middle price ranges. On Nov 12, 2024, HAVERTYS announced that long-time CEO and chairman of the board, Clarence H. Smith, will retire from CEO and transition to executive chairman of the board, effective Jan 1, 2025. Smith had been with the company for 50 years, and CEO for 21 years. Steven G. Burdette, currently president, will succeed Smith as CEO and will be on the board of directors. He will be only the 7 th CEO in the company's 139-year history. On Oct 30, 2024, HAVERTYS reported third quarter earnings and missed by $0.19, or 39.6%. Earnings were $0.29 versus the consensus of $0.48. Sales fell 20.2% to $175.9 million and the all important comparable-store sales decreased 20.5%. HAVERTYS saw below plan sales, including in the Labor Day sale. It did begin to see an improveme Show less Read more
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