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Haverty (HVT)
NYSE:HVT
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
0.27Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 11.80%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
Despite challenges such as a decrease in net sales and ongoing tariff uncertainties, the company showcased strong gross profit margins, improved pre-tax profits, and successful promotional initiatives. The cash position remains strong with a debt-free balance sheet. However, the balance of positive and negative aspects results in a neutral overall sentiment.Company Guidance
During the call, Havertys provided guidance for the fiscal year 2025, with expectations for gross margins to be between 60% and 60.5%, considering current tariffs. Total SG&A expenses are projected to be between $291 million and $293 million, reflecting store growth and inflation, with variable costs ranging from 18.6% to 19%. Capital expenditures have been adjusted downward to $24 million due to tariff uncertainties, with allocations for store expansions, distribution network investments, and IT improvements. The anticipated effective tax rate is set at 26.5%, excluding potential new tax legislation. Havertys plans to continue monitoring tariff impacts and adjust pricing strategies as necessary, while maintaining a focus on expanding their store count and leveraging their distribution network to enhance operational efficiency.Gross Profit Margin Increase
The gross profit margin increased by 90 basis points to 61.2% from 60.3%, attributed to product selection and merchandise mix.
Increase in Pre-Tax Profits
Pre-tax profits for the quarter increased to $5.3 million from $3.2 million in Q1 2024, improving the operating margin from 1.7% to 2.9%.
Successful Promotional Initiative
A special savings offer sent to email subscribers generated over $8 million in revenue during Q1 as part of the company's 140th-anniversary celebration.
Cash Position and Debt-Free Balance Sheet
Ended the quarter with $111.9 million of cash and cash equivalents, maintaining a debt-free balance sheet.
Store Openings and Relocations
Opened a new location in Daytona and planned the opening of a third store in Houston in late Q3, with two more stores planned in Houston by 2026.
HVT Earnings History
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
HVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $17.88 | $19.44 | +8.72% |
Feb 24, 2025 | $20.46 | $22.32 | +9.09% |
Oct 30, 2024 | $22.93 | $21.21 | -7.50% |
Jul 31, 2024 | $27.71 | $28.00 | +1.05% |
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.
FAQ
When does Haverty (HVT) report earnings?
Haverty (HVT) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Haverty (HVT) earnings time?
Haverty (HVT) 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HVT EPS forecast?
HVT EPS forecast for the fiscal quarter 2025 (Q2) is 0.15.