secwatch.observer — SEC 8-K summary
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Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000216085-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Havertys Q2 EPS $0.27 vs $0.70 YoY; sales down 13.4% to $178.6M
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- Diluted EPS $0.27 versus $0.70 in Q2 2023; net income $4.4M vs $11.8M.
- Consolidated sales fell 13.4% to $178.6M; comparable-store sales down 13.6%.
- SGA expenses rose to 57.7% of sales from 53.3%; gross margin nearly flat at 60.4%.
- Full-year SGA guidance reduced to $282-284M (fixed) and 19.7-20.0% (variable); tax rate guided to 27.5%.
- Dividend raised to $0.32/common share; no debt; $116.1M cash; new Indianapolis store planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000016/0000216085-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000016/hvt8k73124.htm
  HTML page:      https://secwatch.observer/filing/0000216085-24-000016

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