Haverty (HVT) Misses Q2 EPS by 8c; Offers outlook

Haverty (NYSE: HVT) reported Q2 EPS of $0.70, $0.08 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $206.3 million versus the consensus estimate of $225.2 million.

OUTLOOK

We expect gross profit margins for 2023 will be between 59.5% to 60.0%. Fixed and discretionary expenses within SG&A for the full year of 2023 are expected to be in the $286.0 to $289.0 million range. Variable SG&A expenses for the full year of 2023 are anticipated to be in the 19.5% to 19.7% range. Planned capital expenditures for the full year of 2023 are approximately $57.0 million.

For earnings history and earnings-related data on Haverty (HVT) click here.

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