Richard Hare
Chief Financial Officer
Replay available
Haverty Furniture Companies, Inc. (HVT) Q1 2025 Earnings Call
Haverty Furniture Companies, Inc. (NYSE: HVT) Q1 2025 earnings conference call, held 2025-05-01. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Steve Burdett
President and Chief Executive Officer
Anthony Levitsinsky
Analyst, Sidoti & Co.
Christina Fernandez
Analyst, TAG
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:02.994 As a reminder, this conference is being recorded. 00:00:02.994 -- 00:00:07.800 It is now my pleasure to introduce your host, Richard Hare, Chief Financial Officer. 00:00:07.800 -- 00:00:10.503 Thank you, sir. You may begin. 00:00:10.503 -- 00:00:14.848 Thank you, operator, and good morning. During this conference call, we'll make forward-looking 00:00:14.848 -- 00:00:18.552 statements which are subject to risk and uncertainties. 00:00:18.552 -- 00:00:23.277 Actual results may differ materially from those made or implied in such statements, which 00:00:23.277 -- 00:00:28.423 speak only as the date they are made and which we undertake no obligation to publicly 00:00:28.423 -- 00:00:33.802 update or revise. Factors that could cause actual results to differ include 00:00:33.802 -- 00:00:38.789 economic and competitive conditions and other uncertainties detailed in the company's 00:00:38.789 -- 00:00:41.393 reports filed with the SEC. 00:00:41.393 -- 00:00:46.941 Our President and CEO, Steve Burdett, will provide additional commentary about our business. 00:00:46.941 -- 00:00:52.609 Good morning. Thank you for joining our 2025 first quarter conference call. 00:00:52.609 -- 00:00:57.235 While the first quarter has felt more like a roller coaster ride with the ups and downs, 00:00:57.235 -- 00:01:03.348 we are very satisfied with our results. Our Q1 sales were 181.6 00:01:03.348 -- 00:01:07.711 million, which was down 1.3%, with comps down 4.8%. 00:01:07.711 -- 00:01:09.553 Total 00:01:09.553 -- 00:01:12.396 written sales were down 2.6%, 00:01:12.396 -- 00:01:15.837 with comps down 6.3%. Gross 00:01:15.839 -- 00:01:20.723 margins remained strong for the quarter, coming in at 61.2% compared to 60.3%. 00:01:20.723 -- 00:01:23.244 Our pre-ta...