Havertys Reports Earnings for Second Quarter 2019
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries and oil hits $100
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
Haverty (HVT) Reports In-Line Q2 EPS, Revenues Miss
July 30, 2019 4:53 PM EDTHaverty (NYSE: HVT) reported Q2 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $191.9 million versus the consensus estimate of $194.32 million.
Net sales decreased 3.5% to $191.9 million. Comparable store sales decreased 2.3%.Total written sales for the second quarter of 2019 were down 4.1% and written comparable store sales decreased 3.1%.Average written ticket increased 5.3% and custom upholstery business was up 7.6%.Gross profit margins fell 20 basis points to 54.0% in 2019 versus 54.2% in 2018. Approximately one-half of the decline is due to merchandise pricing and mix as we used slightly more... More