Havertys Reports Operating Results for Fourth Quarter 2023 ATLANTA, GA / ACCESSWIRE / February 21, 2024 / HAVERTYS (NYSE: HVT) and (NYSE: HVT.A), today reported its operating results for the fourth quarter ended December 31, 2023. Fourth quarter 2023 versus fourth quarter 2022: FY 2023 versus FY 2022: Clarence H. Smith, chairman and CEO, said, "We delivered solid fourth quarter results of strong gross profit margins and expense control within a difficult environment for retail home furnishing sales. Higher ...

Haverty Furniture Companies, Inc. (NYSE:HVT) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Clarence Smith – Chairman and Chief Executive Officer Steve Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Michael Legg – The Benchmark Company Cristina Fernández – Telsey Group Budd Bugatch – Water Tower Research Operator Greetings, and welcome to Haverty’s Third Quarter 2023 Earnings Call. At this t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Haverty Furniture Companies, Inc. (NYSE:HVT) Q2 2023 Results Conference Call August 2, 2023 10:00 AM ET Company Participants Richard Hare - CFO Clarence Smith - Chairman and CEO Steve Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Michael Legg - The Benchmark Company Cristina Fernández - Telsey Advisory Group Operator Greetings, and welcome to Haverty’s Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I wo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Haverty Furniture Companies, Inc. (NYSE:HVT) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Clarence Smith – Chairman and Chief Executive Officer Steve Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Cristina Fernández – Telsey Advisory Group Operator Greetings and welcome to the Haverty First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder this conference is being recorded. It i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. | Maryland | | --- | Maryland 58-0281900 780 Johnson Ferry Road, Suite 800, ...

Financial Data and Key Metrics Changes - The company reported record fourth quarter and full year performance, achieving net sales of $1.05 billion in 2022, a 3.4% increase from 2021, with earnings per share of $5.24, up 6.9% year-over-year [3][9] - In Q4 2022, net sales were $280.6 million, a 5.5% increase over the prior quarter, with comparable store sales up 5.8% year-over-year [9] - Gross profit margins increased by 60 basis points to 57% from 56.4% due to better pricing discipline and merchandising [9] Business Line Data and Key Metrics Changes - Written business for the quarter was down 6.2% compared to Q4 2021 but was up compared to 2019, with store traffic also tracking lower [3][5] - The breakdown of annual sales showed case goods at 35.5%, upholstery at 42.5%, mattresses at 8.1%, and accessories at 13.8% [13] - Special order business improved, with 23.1% of total upholstery sales coming from special orders in Q4 [26] Market Data and Key Metrics Changes - Customer deposits decreased by 51% year-over-year and 40% from Q3 2022, indicating a significant drop in backlog [10] - The company’s inventory at the end of Q4 was $118.3 million, up $6.3 million from the previous year but down $90 million from Q3 2022 [10] Company Strategy and Development Direction - The growth strategy focuses on adding stores in high-growth real estate markets, with plans to open three more stores in 2023 [4][24] - Capital expenditures for 2023 are planned at $28 million, with significant investments in stores, distribution, and IT enhancements [11][30] - The company aims to maintain a goal of opening five stores per year for the next three years [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2023, citing challenges from inflation and slowing housing sales but also highlighting improvements in supply chain operations [5][27] - The company expects gross profit margins for 2023 to be between 58% and 58.5%, impacted by product and freight costs [30] Other Important Information - The company has no funded debt and ended Q4 with $123.1 million in cash and cash equivalents [10] - During 2022, the company returned approximately $64 million to shareholders through share repurchases and dividends [30] Q&A Session Summary Question: Can you provide a breakdown of delivered sales growth from upholstery versus case goods and mattresses? - The annual sales breakdown showed case goods at 35.5%, upholstery at 42.5%, mattresses at 8.1%, and accessories at 13.8% [13] Question: What are the trends in customer deposits and backlog? - Customer deposits dropped significantly, correlating with a 40% decrease in backlog in Q4 [18] Question: What are the expectations for share repurchases and capital deployment in 2023? - The company has not made any share repurchases in Q4 but evaluates opportunities quarterly with the board [41][57]

HAVERTYS This presentation may contain forward-looking statements. These statements are based upon current expectations and assumptions that are subject to risks and uncertainties. Havertys' actual results and financial condition may differ, possibly materially, from what is indicated in those forward-looking statements. 1 2 2 S T O R E S Store base is the right size in the right locations. $2799 $6,800 $$ Net sales YTD Q3 '22 increased $19.8 million or 2.7%. Strong earnings were driven by solid gross margi ...