ATLANTA--(BUSINESS WIRE)--Jul. 5, 2012-- HAVERTY FURNITURE
COMPANIES, INC. (NYSE: HVT and HVT.A) today reported sales
for the quarter ended June 30, 2012.
Havertys' sales for the second quarter 2012 increased
5.9% to $151.5 million, compared with $143.1 million for the
second quarter of 2011. On a comparable store basis, sales
for the quarter increased 5.6%. 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
2012 totaled $315.1 million, compared with $297.3 million in
2011, representing an increase of 6.0%. On a comparable store
basis, sales increased 5.7% for the first six months.
Written sales for the second quarter 2012 increased 3.5% over
the same quarter last year.
Sales in Millions
Clarence H. Smith, president and chief executive officer,
said, "We are pleased with our sales results and
encouraged by the stronger pace of business in the last half
of the quarter. Upholstery sales continue to lead our product
categories and the second quarter results include increased
sales of bedroom merchandise. We believe our investments in
improving the customer experience and developing a wider
assortment of 'better' price point merchandise is
gaining momentum with customers."
Havertys, established in 1885, is a full-service home
furnishings retailer with 120 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
News releases include forward-looking statements, which are
subject to risks 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
reports filed with the SEC.
Source: Haverty Furniture Companies, Inc.
Haverty Furniture Companies, Inc.
Dennis L. Fink, 404-443-2900
EVP & CFO
Jenny Hill Parker, 404-443-2900
SVP, Finance, Secretary and Treasurer