Haverty Furniture Companies Full Year 2024 Earnings: EPS Beats Expectations

Haverty Furniture Companies (NYSE:HVT) Full Year 2024 Results

Key Financial Results

• Revenue: US$722.9m (down 16% from FY 2023).
• Net income: US$20.0m (down 65% from FY 2023).
• Profit margin: 2.8% (down from 6.5% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.19 (down from US$3.46 in FY 2023).

HVT Sales Performance

• Like-for-like sales growth: Down 16.7% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Haverty Furniture Companies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Haverty Furniture Companies (including 1 which is a bit concerning).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.