Havertys (HVT) Misses Q3 EPS by 1c

Havertys (NYSE: HVT) reported Q3 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $209.9 million versus the consensus estimate of $210.97 million.

Clarence H. Smith, chairman, president and chief executive officer, said, “We are looking forward to a strong finish to 2015 with the seasonally strongest sales events of the year about to begin. Our efforts in building the average sales ticket are resulting in solid increases and we see potential for continued growth. The revival of dining room and bedroom furniture sales and the increasing popularity of custom upholstery signals a consumer expressing their personal style with more economic confidence. Havertys is well positioned to serve today’s on trend customer beginning with upgraded stores, an improved website, knowledgeable sales associates, free in-home design consultations and excellent customer service. We remain committed to improving our business, maintaining strong cash flow, and returning profits to our shareholders.”

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

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