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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