Haverty Furniture Companies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:20 pm EDT
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Haverty Furniture Companies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 220.35 million compared to USD 274.5 million a year ago. Net income was USD 17.15 million compared to USD 24.55 million a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.46 a year ago.
For the nine months, sales was USD 651.39 million compared to USD 766.66 million a year ago. Net income was USD 41.32 million compared to USD 65.62 million a year ago. Diluted earnings per share from continuing operations was USD 2.46 compared to USD 3.83 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.