secwatch.observer — SEC 8-K summary
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Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000216085-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Havertys Q4 EPS $0.90 down from $1.42; sales fall 24.9% to $210.7M
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- Diluted EPS $0.90 vs $1.42; net income $15.0M vs $23.7M YoY.
- Sales $210.7M (-24.9%); comparable store sales -25.5%; written comps -14.0%.
- Gross margin expanded to 62.4% from 57.0% on lower product costs and LIFO benefit.
- 2024 guidance: gross margin 59.5-60.0%; fixed SG&A $295-297M; capex $32M.
- No funded debt; returned $42.1M to shareholders via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000002/0000216085-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000002/hvt8k22124.htm
  HTML page:      https://secwatch.observer/filing/0000216085-24-000002

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