HAVERTY FURNITURE COMPANIES INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
HVT$26.16-0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| Year Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per share data) | 2024 | 2023 | 2022 |
| Net sales | 722,899 | 862,133 | 1,047,215 |
| Cost of goods sold (exclusive of depreciation and amortization) | 283,821 | 339,041 | 442,990 |
| Gross profit | 439,078 | 523,092 | 604,225 |
| Expenses: | |||
| Selling, general and administrative | 419,221 | 455,812 | 486,298 |
| Other (income) expense, net | (214) | 77 | 44 |
| Total expenses | 419,007 | 455,889 | 486,342 |
| Income before interest and income taxes | 20,071 | 67,203 | 117,883 |
| Interest income, net | 6,082 | 5,508 | 1,618 |
| Income before income taxes | 26,153 | 72,711 | 119,501 |
| Income tax expense | 6,197 | 16,392 | 30,143 |
| Net income | $19,956 | $56,319 | $89,358 |
| Other comprehensive income (loss), net of tax: | |||
| Defined benefit pension plan adjustments; net of tax expense (benefit) of $38, $(76) and $513 | $114 | $(227) | $1,537 |
| Comprehensive income | $20,070 | $56,092 | $90,895 |
| Basic earnings per share: | |||
| Common Stock | $1.23 | $3.48 | $5.43 |
| Class A Common Stock | $1.15 | $3.29 | $5.17 |
| Diluted earnings per share: | |||
| Common Stock | $1.19 | $3.36 | $5.24 |
| Class A Common Stock | $1.15 | $3.25 | $5.07 |
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