Havertys Q2 2021 EPS $1.21, revenue $250M (+127%), comps +46.9%

HAVERTY FURNITURE COMPANIES INC

Diluted EPS $1.21 vs $0.72; adjusted EPS (ex-sale-leaseback) $1.21 vs -$0.52.
Net sales $250.0M, up 127.3% YoY; comparable store sales up 46.9%.
Gross profit margin improved to 56.6% from 54.2%; SG&A as % of sales declined to 45.0% from 66.1%.
Cash from operations $57.6M; cash balance $235.3M; no funded debt. Q3 to date written sales +4.1%.

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