Increase in Written and Delivered Sales
For the first time in over two years, Haverty's reported an increase in written and delivered sales for Q2, with total sales reaching $181 million, up 1.3%.
Gross Margin Improvement
Gross profit margins increased by 0.4% to 60.8%, attributed to product selection and merchandising mix.
Web Sales Growth
Web sales grew by 8.4% for the quarter, driven by a 15.6% increase in organic traffic after strategic digital marketing initiatives.
Successful Memorial Day Sales Event
Sales during the Memorial Day period increased by over 3%, with significant improvements in all key metrics.
Strong Cash Position
The company ended the quarter with $107.4 million in cash and cash equivalents, maintaining a debt-free balance sheet.