Haverty (HVT) Tops Q4 EPS by 10c, Revenues Miss

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Havertys Reports Earnings for Fourth Quarter and Full Year 2018

February 19, 2019 5:00 PM EST

ATLANTA, Feb. 19, 2019 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reports earnings for the quarter ended December 31, 2018 of $0.45 per share compared to $0.13 per share for the same period of 2017.  The earnings per share for the full year 2018 were $1.42 compared to $0.98 per share for 2017.

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... More