Haverty Furniture Companies, Inc. (NYSE:HVT) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Richard Hare – Chief Financial Officer Steven Burdette – President Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Operator Good day, and welcome to the Haverty Furniture First Quarter Results 2022 Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Richard Hare, Chief Financial Officer. Please go ahead, s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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. Maryland 58-0281900 (State of Incorporation) (IRS Employer Identification Number) 780 Johnson ...

Financial Data and Key Metrics Changes - The company reported record fourth quarter and full year performance, achieving $1 billion in net sales for the first time, with earnings per share of $4.90 compared to $3.12 the previous year [5] - In Q4 2021, net sales were $265.9 million, a 10.2% increase year-over-year, while comparable store sales rose by 9.2% [26] - Gross profit margin decreased by 60 basis points from 57% to 56.4% due to increased freight and product costs [26] - Net income for Q4 2021 was $24.3 million or $1.35 per diluted share, compared to $25.4 million or $1.37 per share in the same quarter last year [29] Business Line Data and Key Metrics Changes - The company is focusing on enhancing its e-commerce business, with pure Internet sales transactions currently in the mid-single digits percentage of sales, aiming to reach the 10% range post-relaunch [14] - The company plans to triple its third-party curated collections this year, indicating a strong focus on expanding product offerings [15] Market Data and Key Metrics Changes - The company is positioned in 9 out of the top 10 hottest housing markets in the U.S., with plans to open stores in key regions such as Northern Virginia, Austin, and Indianapolis [9] - The company added capacity to its main distribution center, allowing for 20% more storage, and is investing in regional facilities to support growth in the Mid-Atlantic and Mid-American regions [11] Company Strategy and Development Direction - The company plans to open 5 new stores per year for the next three years starting in 2023, focusing on its distribution footprint [10][44] - Capital expenditures for 2022 are expected to be approximately $37 million, with key investments in stores, distribution, and IT enhancements [13][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of demand, noting a healthy backlog and no significant order cancellations [39][42] - The company anticipates a return to normalized receiving levels by February and March 2022, following supply chain disruptions [19] - Management expects gross profit margins for 2022 to be between 56.7% and 57%, with improvements anticipated over the course of the year [34] Other Important Information - The company has no funded debt on its balance sheet and ended Q4 2021 with $166.1 million in cash and cash equivalents [31] - The company purchased $22.3 million of common shares in Q4 2021, totaling $41.8 million for the year, representing approximately 8% of its current market capitalization [32] Q&A Session Summary Question: Sustainability of demand versus pre-pandemic levels and notable order cancellations - Management has not seen notable cancellations and reports a healthy backlog, which is up over last year [39][42] Question: Store growth and geographic footprint - New store openings will primarily be within the current distribution footprint, with potential expansion into other states [44] Question: Demand trends throughout the quarter - Written trends were soft in October and November but showed positive trends in December [49] Question: Promotions and competitive environment - The company has not changed its promotion cadence and continues to focus on digital marketing efforts [52] Question: Expectations for freight and product costs - Management noted some leveling out of container rates but still expects elevated costs to impact margins [53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Address of principal executive offices) (Zip Code) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (404) 443-2900 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (Mark One) Maryland 58-0281900 Commission file number: 1-14445 780 Johnson Ferry Road, Suite 800 HAVERTY FURNITURE COMPANIE ...

Financial Data and Key Metrics Changes - The company reported record sales of $260.4 million for Q3 2021, a 19.7% increase compared to the prior year [4][25] - Net income for Q3 2021 was $24.2 million, or $1.31 per diluted share, compared to $18.3 million, or $0.97 per share in the same quarter last year [30] - Gross profit margin increased by 60 basis points to 56.8% due to better merchandise pricing and less promotional activity [26] - Selling, general and administrative expenses rose by $16.1 million, or 16%, to $116.2 million, but as a percentage of sales, these costs declined to 44.6% from 46% [27] Business Line Data and Key Metrics Changes - Comparable store sales increased by 17.7% over the prior year period [25] - The company added over 500 online exclusive products, which received a positive response [7] - Warehouse inventory levels rose over 8% during Q3 2021, indicating improved supply chain management [16] Market Data and Key Metrics Changes - The company expects to end 2021 with 121 stores, one more than last year, and plans to open five new stores in 2022 [9] - Customer deposits increased to $120.1 million, up $34 million from December 31, 2020 [31] Company Strategy and Development Direction - The company is focused on reducing backlogs and improving customer service by bringing in sole merchandise [6] - Investments in IT and marketing are aimed at upgrading the website to enhance customer experience [12] - The expansion of the Virginia distribution center is a key investment to improve logistics and reduce costs [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q4 2021 despite challenges in supply chain and staffing [23][21] - The company anticipates a slowdown in imports from Vietnam but expects improved shipping times from domestic suppliers [23] - Management believes the importance of home furnishings will continue to grow due to changing consumer behaviors post-COVID [38] Other Important Information - The company incurred significant demurrage costs of approximately $2.3 million due to port congestion [28] - Capital expenditures for the first nine months of 2021 were $28.1 million, with plans to maintain a similar range for 2022 [32] Q&A Session Summary Question: What is the size of the backlog and its potential impact on sales? - The backlog is up over 40% from last year, indicating a healthy backlog going into Q4 [43] Question: What factors are affecting written sales? - Out-of-stocks have impacted sales, particularly for best-selling items, leading to delays in customer orders [46][49] Question: How is the company managing special orders? - Special order lead times have stabilized, but delays still affect customer purchasing behavior [48]

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, 2021 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 2021 Earnings Conference Call July 28, 2021 10:00 AM ET Company Participants Richard Hare - EVP and CFO Clarence Smith - Chairman and CEO Steven Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti Andrew Efimoff - KeyBanc Capital Markets Operator Good day and welcome to the HVT's Second Quarter 2021 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Rich ...

Financial Data and Key Metrics Changes - In Q1 2021, delivered sales were $236.5 million, a 31.8% increase compared to the prior year quarter [20] - Total written sales for Q1 2021 were up 54.5% over the prior year period [20] - Comparable store sales increased by 11.5% over the prior year period [20] - Gross profit margin increased by 160 basis points from 55.5% to 57.1% [21] - Selling, general and administrative expenses increased by $12.2 million or 12.5% to $109.8 million, but as a percentage of sales, these costs declined to 46.4% from 54.4% [22] - Net income for Q1 2021 was $19.4 million or $1.04 per diluted share, compared to $1.8 million or $0.09 per share in the comparable quarter of last year [24] Business Line Data and Key Metrics Changes - Case goods saw the strongest sales increases, with their percentage of sales rising from 34.6% to 37.6% [35][36] - Upholstery remains a key driver, but case goods are showing significant growth [35] Market Data and Key Metrics Changes - The company reported a significant increase in customer deposits, which were $104.7 million, up $18.5 million from the previous quarter and up $78.6 million from Q1 2020 [25] - The undelivered backlog is up almost four times compared to last year, indicating strong demand [7] Company Strategy and Development Direction - The company plans to increase inventories and invest in additional warehouse capacities to manage the backlog [9] - A new multimedia marketing campaign is set to launch in May to differentiate the company from competitors [11] - The company is actively pursuing new store opportunities, with plans to open additional locations in Myrtle Beach, Central Florida, and Northeast Austin [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sustained importance of home furnishings due to the strong housing market and government cash subsidies [8] - Supply chain challenges were acknowledged, including shipping delays and increased freight costs, but management is working to stabilize these issues [13][14] - Staffing remains a concern due to extended unemployment benefits affecting talent acquisition [17] Other Important Information - The company ended Q1 2021 with $210 million in cash and cash equivalents and no funded debt [25] - Planned capital expenditures for 2021 remain at $23 million, with significant investments in store remodels and distribution network improvements [29] Q&A Session Summary Question: Revenue impact from the winter storm - Management indicated that while there was some impact from the winter storm, the overall strong business performance may have mitigated its effect on total quarterly revenue [33] Question: Sales increases by product segment - The strongest sales increases were seen in case goods, with management noting that the availability of product contributed to this growth [35] Question: Supply chain constraints - Management highlighted that staffing issues and container capacity remain significant challenges, but they are optimistic about resolving these by the end of the year [38][39] Question: Sales modeling and future guidance - Management refrained from providing specific revenue guidance but noted that the strong backlog and customer deposits position the company well for future quarters [44][47] Question: Consumer spending trends - Management observed strong growth in key markets like Florida and Texas, with confidence in the sustainability of demand for home furnishings [48]

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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. Maryland 58-0281900 (State of Incorporation) (IRS Employer Identification Number) 780 Johnson ...