Havertys

Retail ecommerce furniture home improvement

Today, with over 100 stores in 17 states, we have become one of the top retailers in the furniture industry. From modern and traditional, to rustic and eclectic, our wide range of styles, accessories and collections guarantee that we have something for everyone. We greatly value quality merchandise and continually seek to provide our customers with the highest caliber of product by ensuring that each piece of Havertys furniture is made exclusively for our brand. Our qualified associates and in-home designers offer expert tips and tools to make each customer’s home a fashionable representation of their own unique personality and vision. Whether you’re shopping online or in-store, we aim to provide a positive buying experience. Shopping with Havertys has everything to do with your commitment to excellence in style and we are dedicated to making sure every Havertys customer is a happy customer.

Company Growth (employees)

Type

Public

Atlanta, US

Founded

1885

Size (employees)

3,656 (est)+2%

Website

havertys.com

Havertys was founded in 1885 and is headquartered in Atlanta, US

Havertys Office Locations

Havertys has an office in Atlanta

Atlanta, US (HQ)

800 780 Johnson Ferry Rd Ne

Havertys Data and Metrics

Havertys Financial Metrics

Havertys's revenue was reported to be $821.6 m in FY, 2016 which is a 2% increase from the previous period.

Summary

USD

Havertys's current market capitalization is $242 m.

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	746.1 m	768.4 m	804.9 m	821.6 m
Revenue growth, %		3%	5%	2%
Cost of goods sold		356 m	374.1 m	378.2 m
Gross profit		412.4 m	430.8 m	443.3 m
Gross profit Margin, %		54%	54%	54%
General and administrative expense				399.2 m
Operating expense total		386.4 m	383.5 m	395.5 m
EBIT		26.3 m	47.6 m	48.1 m
EBIT margin, %		3%	6%	6%
Interest expense		1.1 m	2.3 m	2.2 m
Pre tax profit		25.3 m	45.3 m	45.8 m
Income tax expense		16.7 m	17.5 m	17.5 m
Net Income	32.3 m	8.6 m	27.8 m	28.4 m

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	83.2 m	65.5 m	70.7 m	63.5 m
Accounts Receivable	8.2 m	7.1 m	5.9 m	4.2 m
Inventories	91.5 m	107.1 m	108.9 m	102 m
Current Assets	200.7 m	209.5 m	218.7 m	194.1 m
Total Assets	417.9 m	461 m	471.3 m	454.5 m
Accounts Payable	21.8 m	24.2 m	27.8 m	25.7 m
Current Liabilities	78.1 m	95.9 m	94 m	96 m
Total Liabilities				172.6 m
Additional Paid-in Capital	77.4 m	79.7 m	83.2 m	86.3 m
Retained Earnings	281.2 m	260 m	279.8 m	277.7 m
Total Equity	298.3 m	292.1 m	301.7 m	281.9 m
Financial Leverage	1.4 x	1.6 x	1.6 x	1.6 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	32.3 m	8.6 m	27.8 m	28.4 m
Depreciation and Amortization	21.5 m	22.6 m	25.8 m	29 m
Accounts Receivable	1.4 m	870 k	960 k	1.5 m
Inventories	5.4 m	(16 m)	(2.3 m)	6.9 m
Cash From Operating Activities	55.9 m	55.5 m	52.2 m	60.1 m
Capital Expenditures	(20.2 m)	(30.9 m)	(27.1 m)	(29.8 m)
Cash From Investing Activities	(20.1 m)	(41.4 m)	(28.4 m)	(13.2 m)
Dividends Paid	(5.4 m)	(29.8 m)	(8.1 m)	(30.4 m)
Cash From Financing Activities	(6.1 m)	(31.8 m)	(18.7 m)	(54 m)
Free Cash Flow	76.1 m	86.3 m	79.4 m	30.2 m