---
schema_version: "secwatch.filing_event.v1"
accession: "0000216085-23-000013"
form_type: "8-K"
ticker: "HVT"
cik: "0000216085"
company_name: "HAVERTY FURNITURE COMPANIES INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:22:15.828290+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Havertys Q2 EPS $0.70 vs $1.27; sales down 18.5%; acquires four Bed Bath & Beyond locations

## Summary
- Diluted EPS $0.70 vs $1.27; net income $11.8M vs $21.7M.
- Sales $206.3M, down 18.5% YoY; comp-store sales down 19.1%.
- Gross margin improved to 60.5% from 57.9%; LIFO impact +$3.4M.
- Acquired four Bed Bath & Beyond locations; expected to open in H1 2024.
- Free cash flow negative $0.4M; no debt; $40.5M capex for H1 2023.

## SEC filing metadata
- accession: 0000216085-23-000013
- form_type: 8-K
- ticker: HVT
- cik: 0000216085
- company_name: HAVERTY FURNITURE COMPANIES INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/216085/000021608523000013/0000216085-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/216085/000021608523000013/hvt8k8123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216085-23-000013
- JSON: https://secwatch.observer/filing/0000216085-23-000013.json
- Plain text: https://secwatch.observer/filing/0000216085-23-000013.txt

## Key facts
- Earnings Releases
  HAVERTY FURNITURE COMPANIES INC reported second quarter ended June 30, 2023 results: revenue $206.3 million, net income $11.8 million, EPS $0.70. Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: $206.3 million
  - Net income: $11.8 million
  - EPS: $0.70
  - Guidance: lowered
  - Result: reported results
  source text: ended June 30, 2023. Second quarter 2023 versus second quarter 2022: • Diluted earnings per common share (“EPS”) of $0.70 versus $1.27. • Consolidated sales decreased 18.5% to $206.3 million. Comparable-store sales decreased 19.1%. • Gross profit margin increased to 60.5% from 57.9%. Clarence H. Smith, chairman and CEO said, “The impact of inflation and rising
  evidence_url: https://www.sec.gov/Archives/edgar/data/216085/000021608523000013/0000216085-23-000013-index.htm

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