Havertys reports Q1 EPS 23c, consensus 14c

Reports Q1 revenue $181.6M, consensus $177.81M. Comparable store sales decreased 4.8%. Steven Burdette, president and CEO said, “We are pleased to report solid first quarter results with improved gross margins, earnings, and expense control, despite facing several headwinds, including a weak housing market, atypical winter weather in the South, low consumer confidence, and significant shifts in trade policy.”