secwatch.observer — SEC 8-K summary
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Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000216085-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Havertys Q3 EPS $1.02, sales down 19.7% YoY; gross margin expands to 60.8%
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- Diluted EPS $1.02 vs $1.46; net income $17.2M vs $24.6M; sales $220.3M (-19.7%).
- Comparable-store sales declined 20.7%; written comp sales down 12.6% for the quarter.
- Gross profit margin rose to 60.8% from 57.1%; LIFO reserve added $2.3M to gross profit.
- Full-year 2023 fixed SG&A guidance trimmed to $286-288M; variable SG&A expected 19.6-19.8%.
- No debt outstanding; $141.4M cash; opened stores in Charlotte and Dayton; converting four Bed Bath & Beyond locations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608523000015/0000216085-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608523000015/hvt8k11123.htm
  HTML page:      https://secwatch.observer/filing/0000216085-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer