The earnings call reflects a mixed performance with improvements in gross margins, pre-tax profits, and successful marketing initiatives. However, there are concerns with declining sales, tariff impacts, supply chain challenges, and specific category weaknesses. The sentiment is balanced with both achievements and challenges highlighted.
Company Guidance
During Havertys' First Quarter 2025 Earnings Call, the company provided guidance for the fiscal year, including several key financial metrics. Havertys anticipates gross margins for 2025 to be between 60% and 60.5%, influenced by product and freight costs. SG&A expenses are expected to increase, ranging from $291 million to $293 million, driven by store growth and inflation. Variable costs within SG&A are projected to fall between 18.6% and 19%. Capital expenditures for 2025 have been reduced to $24 million, with $19.6 million allocated for new stores, remodels, and expansions. Havertys expects an effective tax rate of 26.5% for the year, excluding impacts from stock award vesting and potential tax legislation changes. The guidance incorporates current tariffs as of April 30th, assuming no additional proposed tariffs are implemented.
Gross Margin Improvement
Gross margins improved from 60.3% to 61.2% due to product selection and merchandise mix.
Increase in Pre-tax Profits
Pre-tax profits for the quarter increased to $5.3 million, or 2.9% operating margin, compared with $3.2 million or 1.7% in Q1 2024.
Successful Email Marketing Campaign
The 140th anniversary email campaign generated over $8 million in revenue in Q1.
Strong Cash Position
Ended the quarter with $111.9 million of cash and cash equivalents, with no funded debt.
Design Business Growth
Design business improved to approximately 33% of business with an average ticket growth of over 9%.
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Haverty Furn Cl A SC (HVT.A) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HVT.A Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 30, 2025
$18.35
$19.72
+7.47%
Feb 24, 2025
$20.74
$23.17
+11.72%
Oct 30, 2024
$23.91
$21.83
-8.70%
Jul 31, 2024
$27.94
$28.35
+1.47%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Haverty Furn Cl A SC (HVT.A) report earnings?
Haverty Furn Cl A SC (HVT.A) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Haverty Furn Cl A SC (HVT.A) earnings time?
Haverty Furn Cl A SC (HVT.A) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.