Anthony Lebiedzinski

Cristina Fernandez

Michael Legg

- Haverty Furniture Companies (HVT) is a **debt-free** company operating **129 stores** across 17 states, targeting an upper-middle market customer.  **[216085_2146304_1]** 
- The company aims to achieve **$1 billion in revenue** and a **double-digit operating margin**, supported by operational efficiencies, including a reduction in staffing from **3,500 to under 2,400** since the pandemic.  **[216085_2146304_8]** **[216085_2146304_9]** 
- HVT plans to open **three new stores** this year, maintaining a net of 129 stores, with a strategic focus on growth in Florida and Texas.  **[216085_2146304_1]** **[216085_2146304_4]** 
- Capital allocation for the year is **$24 million**, with a long-standing dividend policy and **$2 million** in share buybacks completed this year, with an additional **$4 million to $6 million** authorized.  **[216085_2146304_8]** 
- E-commerce, currently in the low single digits, is targeted to reach **10% of business**, and recent website upgrades have led to **double-digit organic growth** in Q1 and Q2.  **[216085_2146304_2]** **[216085_2146304_5]**

HAVERTY FURNITURE COMPANIES (HVT)