HVT Haverty Furniture Cos. Dashboard

Risks

• The COVID-19 pandemic has had, and will likely continue to have, a material effect on our business and results of operations.
• We face significant competition from national, regional and local retailers of home furnishings.
• If we fail to anticipate changes in consumer preferences, our sales may decline.
• We import a substantial portion of our merchandise from foreign sources. This exposes us to certain risks that include political and economic conditions. Changes in exchange rates or tariffs could impact the price we pay for these goods, resulting in potentially higher retail prices and/or lower gross profit on these goods.
• We are dependent upon the ability of our third-party producers to meet our requirements; any failures by these producers, or the unavailability of suitable suppliers at reasonable prices or limitations on our ability to source from third-party producers may negatively impact our ability to deliver quality merchandise to our customers on a timely basis or result in higher costs or reduced net sales.
• Our vendors might fail in meeting our quality control standards or reacting to changes to the legislative or regulatory framework regarding product safety.
• Our revenue can be adversely affected by risks in our supply chain.
• The rise of oil and gasoline prices could affect our profitability.
• Because of our limited number of distribution centers, should one become damaged, our operating results could suffer.
• Our information technology infrastructure is vulnerable to challenges that could harm our business.
• Changes in economic conditions could adversely affect demand for our products.