- Haverty Furniture (NYSE:HVT -1%) reports sales for Q2 rose ~3.6% Y/Y and comparable-store sales grew 3.2%.
- Total written sales increased ~7%Y/Y and written comparable-store sales rose 6.7%.
- The company repurchased 1,149,042 shares of its common stock during Q2 for ~$21M. The company has a remaining authorization of less than $0.1M for share repurchases.
- "Our written comparable store sales in the second quarter reflect a very strong pace through the Memorial Day holiday sales period, partly offset by softer written business in early June," said Clarence Smith, chairman, president and chief executive officer.
- The Company plans to announce Q2 sales on Friday, July 8, 2016, before the market opens and Q2 financial results on Monday, August 1, 2016, after the market closes.
- Press Release