Havertys Reports Earnings for Fourth Quarter and Full Year 2018
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Haverty (HVT) Tops Q4 EPS by 10c, Revenues Miss
February 19, 2019 5:03 PM ESTHaverty (NYSE: HVT) reported Q4 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $208.97 million versus the consensus estimate of $213.79 million.
Clarence H. Smith, chairman, president and CEO, said, Our results reflect the impact of our efforts to more closely align gross profit margins with the quality of our Havertys branded merchandise and gains from operational efficiencies against the backdrop of difficult sales conditions.
The fourth quarter was a challenge for our teams dealing with the tariffs placed on goods from China. We have addressed the disruption to... More
