secwatch.observer — SEC 8-K summary
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Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000216085-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608523000013/0000216085-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608523000013/hvt8k8123.htm
  HTML page:      https://secwatch.observer/filing/0000216085-23-000013

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