Haverty Furniture Reports Sales for July
03 August 2006 - 1:30AM
PR Newswire (US)
ATLANTA, Aug. 2 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE: HVT; HVT.A) today reported sales for the
month ended July 31, 2006. Havertys' July sales increased 10.3% to
$73.4 million, compared with $66.6 million in July 2005. On a
comparable-store basis, July sales increased 8.0%. Comparable-store
sales do not include stores or locations opened, closed or
otherwise non-comparable during the last 12 months. Sales for the
first seven months of 2006 increased 5.8% to $493.5 million
compared with $466.6 million in 2005. On a comparable-store basis,
sales increased 4.1% for the first seven months. Sales in Millions
(Unaudited) Total Comparable- Sales Store Sales 2006 2005 % Change
% Change July $73.4 $66.6 + 10.3% + 8.0% Seven Months $493.5 $466.6
+ 5.8% + 4.1% "Our reported sales for July were somewhat better
than we had expected as improved merchandise availability allowed
for customer deliveries to be fulfilled more quickly," said
Clarence H. Smith, president and chief executive officer. "Total
written orders for July were an all-time record for any month, up
by a low single-digit percentage over July last year." Havertys is
a full-service home furnishings retailer with 119 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 http://www.havertys.com/ . 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. Contact for Information: Dennis L.
Fink, EVP & CFO or Jenny Hill Parker, VP, Secretary &
Treasurer (404)443-2900 DATASOURCE: Haverty Furniture Companies,
Inc. CONTACT: Dennis L. Fink, EVP & CFO, or Jenny Hill Parker,
VP, Secretary & Treasurer of Haverty Furniture Companies, Inc.,
+1-404-443-2900 Web site: http://www.havertys.com/
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