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Financial, Retail

Havertys Releases 2023 Benchmark Study

The home furnishings retailer stated that net sales year-to-date Q3 2023 declined 15 percent against 2022 record results, while gross profit margins improved .

12/7/2023
ATLANTA, Ga. -- HAVERTYS (NYSE:HVT) and (NYSE:HVT.A), reported its expected 2023 results. The company summarized year-end expectations stating that net sales year-to-date Q3 2023 declined 15 percent against 2022 record results. Gross profit margins improved as freight costs declined. Earnings were driven by solid gross margin improvement but hampered by slower reductions in fixed costs.

The company issued its Benchmark Study reviewing 2023 performance and strategy. Click here to see the full report.
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