secwatch.observer — SEC 8-K summary
======================================

Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000216085-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Havertys Q3 EPS plunges 72% to $0.29; sales -20.2% to $176M
-----------------------------------------------------------

- Diluted EPS $0.29 vs $1.02; net income $4.9M vs $17.2M.
- Sales $175.9M (-20.2%); comp-store sales -20.5%; total written business -15.3%.
- Gross margin 60.2% (down 60bps); SG&A 57.4% of sales vs 51.1% as costs dropped $11.8M.
- FY24 guidance: gross margin 60.0-60.5%; fixed SG&A cut to $279-$281M; tax rate raised to 28%.
- No debt; $127.4M cash; four new stores planned in Q4 to end year with 129 locations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000018/0000216085-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000018/hvt8k103024.htm
  HTML page:      https://secwatch.observer/filing/0000216085-24-000018

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