Haverty Furniture Company : Havertys Reports Sales for Second Quarter
ATLANTA, GEORGIA, July 9, 2013 - HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT
and HVT.A) today reported sales for the quarter ended June 30, 2013.
Havertys sales for the second quarter 2013 increased 12.9% to $171.1 million,
compared with $151.5 million for the second quarter of 2012. On a comparable
store basis, sales for the quarter increased 11.2%. Comparable store sales do
not include locations opened, closed or otherwise non-comparable during the
last 12 months. Sales for the first six months of 2013 totaled $357.2,
compared with $315.1 million in 2012, representing an increase of 13.4%. On a
comparable store basis, sales increased 11.3% for the first six months.
Total written sales for the second quarter of 2013 increased 16.7% over the
same quarter last year.
Sales in Millions Total Comparable
(unaudited) Sales Store Sales
2013 2012 % Change % Change
Second Quarter $171.1 $151.5 12.9% 11.2%
Six Months $357.2 $315.1 13.4% 11.3%
Clarence H. Smith, chairman, president and CEO, said, "The execution of our
merchandising and marketing strategies continues to deliver solid sales growth
and market share gains. During the second quarter we experienced increases in
store traffic and average ticket compared to the same period last year. We
believe the sustained increases in home sales and home prices are important
drivers of the retail home furnishings business in the near and long term."
Havertys, established in 1885, is a full-service home furnishings retailer
with 119 showrooms in 16 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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