earnings
confidence high
sentiment positive
materiality 0.70
Havertys Q2 EPS $1.27 vs $1.21; gross margin rises to 57.9%; written sales down 13.3%
HAVERTY FURNITURE COMPANIES INC
- Diluted EPS $1.27, up from $1.21; net income $21.7M vs $22.9M a year ago.
- Net sales $253.2M (+1.3%); comp-store sales +1.1%; written sales -13.3%.
- Gross margin 57.9% (+130 bps) on pricing discipline and merchandise mix.
- Repurchased 899,890 shares for $25M in H1; no funded debt; cash $150.2M.
- FY2022 forecast: gross margin 57.7%-58.0%, SG&A fixed $293-295M, capex ~$32M.