Haverty Furniture Companies' Full Year 2024 Earnings: EPS Beats Expectations
Haverty Furniture Companies reported a net loss of US$20.0m, significantly lower than the US$3.46m loss in FY 2023, and an earnings per share (EPS) of US$1.22, beating analyst estimates by 39%. The company's revenue decreased by 16% to US$722.9m, primarily due to a decline in Home Furnishings Retailing segment. Despite the challenging year, the company's EPS growth suggests resilience.
- Haverty Furniture Companies' ability to maintain profitability despite declining revenue and increasing operating expenses highlights the importance of operational efficiency in the specialty retail industry.
- Will the company be able to sustain its earnings momentum by adapting to changing consumer preferences and improving its e-commerce capabilities?