HVT Earnings Prediction
The chart below shows how HVT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HVT sees a +1.98% change in stock price 10 days leading up to the earnings, and a +0.80% change 10 days following the report. On the earnings day itself, the stock moves by -0.88%. This data can give you a slight idea of what to expect for the next quarter's release.
HVT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
184.00M
-18.13%
-12.69%
Gross Margin
60.34%
2.13%
-3.24%
Operating Margin
0.89%
-86.14%
-88.76%
Net Margin
1.30%
-76.36%
-81.74%
EPS
0.13
-80.88%
-84.34%
No Data Available
HVT Earnings Analysis
Haverty Furniture Companies, Inc. Corporation (HVT.N) Earnings Conference Call
Positive
Strong gross margins at 60.3% and controlled costs leading to a pre-tax profit of $3.2 million compared to $15.4 million in the previous year's Q1.
Gross profit margin increased 120 basis points to 60.3% due to product selection and merchandising mix.
SG&A expenses decreased $9 million or 7.6% to $109.4 million, with expenses approximating 59.4% of sales.
Board approved a 6.7% increase in quarterly dividend, marking the 12th consecutive year of dividend increases.
Haverty has paid a dividend every year since 1935, showcasing financial stability.
Company's strong balance sheet with over $100 million in cash allows return of capital to shareholders and investments in infrastructure and stores.
Investing in store growth and planning to open five new stores this year and five more in 2025.
Major remodeling projects underway in key markets to enhance customer experience.
Expanding store presence in Florida and planning to re-enter Houston market after 40 years, indicating strategic growth efforts.
Strong financial resilience indicated by zero funded debt and successful positioning in key growth markets.
Company's resilience to withstand industry challenges and capitalize on growth opportunities.
Uniquely well-positioned to gain market share in fast-growing regions in the coming years.
Innovations in marketing strategies through new media planning and buying partnership to drive targeted efficiencies and increase media investments.
Partnership with Carmichael Lynch Media to enhance media capabilities for Memorial Day promotion.
Local store marketing efforts to complement broader advertising campaigns for increased traffic and brand awareness.
Negative
**
- Q1 sales were down 18.1% to $184 million with comparable store sales down 18.5%, indicating a significant decline in sales.
- Total written sales were down by 12.6%, indicating a decrease in customer demand.
- Income before income taxes decreased by $12.2 million to $3.2 million compared to the previous year's Q1, signaling a significant drop in profitability.
- Net income for Q1 2024 was $2.4 million, a substantial decrease from $12.4 million in the comparable quarter last year, indicating a significant decline in net income.
- Throughout the industry, there is a struggle to supply timely furniture deliveries, indicating challenges faced by the industry as a whole.
- The industry experienced a sales peak during the COVID-19 pandemic, leading to a subsequent significant negative impact on sales post-pandemic, highlighting a trend of decreased demand.
