Haverty Furniture Company : Havertys Reports Sales for First Quarter ATLANTA, GEORGIA, April 4, 2013 - HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) today reported sales for the period ended March 31, 2013. Havertys sales for the first quarter 2013 increased 13.8% to $186.1 million, versus $163.6 million for the first quarter of 2012. On a comparable store basis, sales increased 11.5%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Total written sales for the first quarter of 2013 increased 10.4% over the same quarter last year. Sales in Millions Total Comparable (unaudited) Sales Store Sales 2013 2012 Change % Change First Quarter $186.1 $163.6 13.8% 11.5% Clarence H. Smith, chairman, president and CEO, said, "We are pleased with these sales results and the continuing momentum in our business. The 11.5% growth in first quarter comp store sales was on top of a 5.7% increase for last year's quarter. Our merchandising and marketing are differentiating us from our competition and we are optimistic that Havertys will benefit from a continued recovery in the housing market." Havertys, established in 1885, is a full-service home furnishings retailer with 121 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com. News releases include forward-looking statements, which are subject to risk and uncertainties. Factors that might cause actual results to differ materially from future results expressed or implied by such forward-looking statements include, but are not limited to, general economic conditions, the consumer spending environment for large ticket items, competition in the retail furniture industry and other uncertainties detailed from time to time in the Company's report filed with the SEC. Contact: Haverty Furniture Companies, Inc., 404-443-2900 Dennis L. Fink EVP & CFO Jenny Hill Parker SVP, Finance, Secretary and Treasurer Source: Haverty Furniture Companies, Inc. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Haverty Furniture Company via Thomson Reuters ONE HUG#1690043
Haverty Furniture Company : Havertys Reports Sales for First Quarter
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