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Haverty Furniture Companies Inc (NYSE: HVT) |
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Description of Haverty Furniture Companies Inc's Business Segments
Haverty Furniture Companies Inc is a leading retailer of home furnishings and accessories. The company offers a wide range of products and services to meet the diverse tastes and preferences of its customers. Their products and services can be broadly classified into the following segments:
1. Furniture:
Haverty Furniture Companies Inc offers an array of furniture for living rooms, bedrooms, dining rooms, home offices, and outdoor living spaces. They sell several types of chairs, sofas, loveseats, ottomans, recliners, accent chairs, chaises, sectionals, sleepers, futons, and daybeds. Their bedroom furniture includes beds, headboards, dressers, chest of drawers, nightstands, armoires, and vanities. For dining rooms, they have extensive offerings of dining tables, chairs, benches, bar and counter stools, and storage solutions, such as buffets, servers, and curio cabinets. Additionally, the company offers a range of outdoor furniture, including dining sets, seating arrangements, umbrellas, cushions, and rugs.
2. Mattresses:
Haverty Furniture Companies Inc offers an extensive range of mattresses to ensure customers get a good night's sleep. They have a wide variety of mattresses that suit different body types, sleeping positions, and preferences. They sell memory foam, innerspring, hybrid, and latex mattresses, as well as adjustable beds, mattress protectors, and pillows to complement the mattresses.
3. Home Decor:
In addition to furniture and mattresses, Haverty Furniture Companies Inc offers home decor items that add a finishing touch to any living space. They sell an assortment of home accessories, such as rugs, wall art, lamps, mirrors, clocks, and vases. Also, they have an extensive range of bedding and bath linens, such as comforters, sheets, pillows, and towels, which are available in a variety of sizes and styles.
4. Design Services:
Haverty Furniture Companies Inc provides customized design services to its customers. Their team of interior designers helps customers create beautiful and functional living spaces by providing consultations, home visits, floor plans, and design renderings. The design services are free, and the company takes the customer's budget, preferences, and style into consideration while creating a personalized plan.
In conclusion, Haverty Furniture Companies Inc offers a comprehensive range of products and services that cater to various home furnishing needs. They provide quality furniture, mattresses, home decor, and design services to customers, and uphold their values of integrity, customer service, and innovation.
Composition of Haverty Furniture Companies Inc Revenues by
Segments |
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| Case Goods |
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 32.06 % |
of total Revenue |
| Bedroom Furniture |
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15.01 % |
of total Revenue |
| Dining Room Furniture |
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9.92 % |
of total Revenue |
| Occasional |
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7.13 % |
of total Revenue |
| Upholstery |
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44.96 % |
of total Revenue |
| Mattresses |
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8.73 % |
of total Revenue |
| Accessories and Other |
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14.52 % |
of total Revenue |
| Reportable Segment |
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100.27 % |
of total Revenue |
Q1 three months ended (Mar 31 2025)
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| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Case Goods |
58.05 |
32.06 % |
| Bedroom Furniture |
27.18 |
15.01 % |
| Dining Room Furniture |
17.96 |
9.92 % |
| Occasional |
12.92 |
7.13 % |
| Upholstery |
81.42 |
44.96 % |
| Mattresses |
15.80 |
8.73 % |
| Accessories and Other |
26.30 |
14.52 % |
| Reportable Segment |
181.57 |
100.27 % |
| Total |
181.08 |
100 % |
Q1 three months ended (Mar 31 2025)
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| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Case Goods |
-1.75 % |
- |
| Bedroom Furniture |
5.08 % |
- |
| Dining Room Furniture |
-5.57 % |
- |
| Occasional |
-9.07 % |
- |
| Upholstery |
-1.83 % |
- |
| Mattresses |
-4.8 % |
- |
| Accessories and Other |
3.62 % |
- |
| Reportable Segment |
-1.32 % |
- |
| Total |
-1.06 % |
-74.92 % |
Q1 three months ended (Mar 31 2025)
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| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Reportable Segment |
5.29 |
2.92 % |
| Total |
3.78 |
2.09 % |
Q1 three months ended (Mar 31 2025)
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| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Reportable Segment |
65.67 % |
- |
| Total |
57.88 % |
-81.07 % |
Annual Report on Haverty Furniture Companies Inc Divisions, Sales by Country |
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| Case Goods |
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32.55 % |
of total Revenue |
| Bedroom Furniture |
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14.26 % |
of total Revenue |
| Dining Room Furniture |
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10.85 % |
of total Revenue |
| Occasional |
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7.44 % |
of total Revenue |
| Upholstery |
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44.68 % |
of total Revenue |
| Mattresses |
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9.09 % |
of total Revenue |
| Accessories and Other |
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13.79 % |
of total Revenue |
| Reportable Segment |
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100.11 % |
of total Revenue |
| Shipping and Handling |
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4.05 % |
of total Revenue |
Twelve months ended 2024
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| HVT s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Case Goods |
235.03 |
32.55 % |
| Bedroom Furniture |
102.94 |
14.26 % |
| Dining Room Furniture |
78.36 |
10.85 % |
| Occasional |
53.73 |
7.44 % |
| Upholstery |
322.62 |
44.68 % |
| Mattresses |
65.65 |
9.09 % |
| Accessories and Other |
99.60 |
13.79 % |
| Reportable Segment |
722.90 |
100.11 % |
| Total |
722.08 |
100 % |
| Shipping and Handling |
29.28 |
4.05 % |
Twelve months ended 2024
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| HVT s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Reportable Segment |
26.15 |
3.62 % |
| Total |
19.96 |
2.76 % |
Twelve months ended 2024
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| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Case Goods |
-21.3 % |
- |
| Bedroom Furniture |
-22.06 % |
- |
| Dining Room Furniture |
-20.01 % |
- |
| Occasional |
-21.67 % |
- |
| Upholstery |
-13.02 % |
- |
| Mattresses |
-12.23 % |
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| Accessories and Other |
-15.43 % |
- |
| Reportable Segment |
-16.15 % |
-64.03 % |
| Shipping and Handling |
-19.09 % |
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