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.
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.
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information contained therein.
Source: Haverty Furniture Company via Thomson Reuters ONE
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