What caused HVT's earnings to rebound in Q4 after previous misses?

Haverty Furniture Companies Inc (HVT) experienced a rebound in earnings in Q4 2024 after previous misses, as indicated by the company's financial results for the quarter. Here are the key factors that contributed to this rebound:

1. **Strategic Growth Initiatives**: The company has been actively pursuing strategic growth initiatives, including expanding its store footprint. Haverty Furniture is set to open three additional stores by the end of the year, which could have contributed to an increase in sales and revenue.
2. **Strong Cash Position**: The company maintained a strong cash position, with over $100 million in cash. This financial stability allowed the company to navigate challenging market conditions and invest in growth opportunities.
3. **Gross Margin Improvement**: Haverty Furniture reported a gross margin of 60.4% for the quarter, which is a positive indicator of the company's pricing power and operational efficiency.
4. **Beat EPS Forecasts**: The company reported an EPS of $0.49 for Q4 2024, which significantly surpassed the forecast of $0.23. This beat on expectations reflects improved profitability and operational performance.
5. **Revenue Outperformance**: Despite a slight revenue miss, the company's revenue for the quarter was reported at $184.4 million, which exceeded the estimated $179.84 million. The slight discrepancy could be attributed to timing of sales or other operational factors, but the overall revenue outperformance is a positive sign.

In conclusion, Haverty Furniture's Q4 earnings rebound can be attributed to a combination of strategic growth initiatives, a strong cash position, improved gross margins, a beat on EPS forecasts, and revenue outperformance. These factors collectively contributed to the company's improved financial performance in the quarter.