Haverty Furniture Companies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 04:27 pm EDT
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Haverty Furniture Companies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 206.29 million compared to USD 253.22 million a year ago. Net income was USD 11.79 million compared to USD 21.71 million a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 1.27 a year ago.
For the six months, sales was USD 431.04 million compared to USD 492.16 million a year ago. Net income was USD 24.16 million compared to USD 41.07 million a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 2.37 a year ago.
Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories. The Companyâs product categories include furniture, decor and accessories, and mattresses and bedding. Its furniture category includes living room, bedroom, dining room, office and outdoor. Its living room product line includes sofas and sleepers, and chairs and recliners, among others. Its bedroom product line includes beds, dressers, chests, and others. Its dining room product line includes dining chairs, dining tables, barstools, and others. Its office product line includes office chairs, file cabinets, and desks and hutches, among others. Its outdoor product line includes outdoor dining, outdoor seating, outdoor tables, and others. Its decor and accessories category includes rugs, lighting, wall decor and mirrors, pillows, and throws and accent decor. Its mattress product lines include Tempur-Pedic, Serta, Stearns, and Foster, Beautyrest, and Sealy.