---
schema_version: "secwatch.filing_event.v1"
accession: "0000216085-23-000007"
form_type: "8-K"
ticker: "HVT"
cik: "0000216085"
company_name: "HAVERTY FURNITURE COMPANIES INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:53:17.199672+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Havertys Q1 EPS $0.74 vs $1.11; sales down 5.9%; guidance narrowed

## Summary
- Diluted EPS $0.74 vs $1.11; net income $12.4M vs $19.4M.
- Sales $224.8M, down 5.9%; comparable-store sales down 6.7%.
- SG&A as % of sales rose to 52.7% from 48.2%; fixed SG&A guidance cut to $289-292M.
- Capex guidance raised to ~$53.1M, including $28.2M for Florida distribution center purchase.
- No debt; cash $127M; quarterly dividend $0.28/$0.26 per common/Class A share.

## SEC filing metadata
- accession: 0000216085-23-000007
- form_type: 8-K
- ticker: HVT
- cik: 0000216085
- company_name: HAVERTY FURNITURE COMPANIES INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/216085/000021608523000007/0000216085-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/216085/000021608523000007/hvt8k5223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216085-23-000007
- JSON: https://secwatch.observer/filing/0000216085-23-000007.json
- Plain text: https://secwatch.observer/filing/0000216085-23-000007.txt

## Key facts
- Earnings Releases
  HAVERTY FURNITURE COMPANIES INC reported first quarter ended March 31, 2023 results: revenue $224.8 million, net income $12.4 million, EPS $0.74.
  - Period: first quarter ended March 31, 2023
  - Revenue: $224.8 million
  - Net income: $12.4 million
  - EPS: $0.74
  - Result: reported results
  source text: ended March 31, 2023 . First quarter 2023 versus first quarter 2022 : • Diluted earnings per common share (“EPS”) of $0.74 versus $1.11 . • Consolidated sales decreased 5.9% to $224.8 million . Comparable-store sales decreased 6.7% . • Gross profit margin increased to 59.1% from 59.0%. Clarence H. Smith, chairman and CEO, said, “Our team delivered a strong quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/216085/000021608523000007/0000216085-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.