Haverty Furniture Reports Sales For August
06 September 2006 - 2:30PM
PR Newswire (US)
ATLANTA, Sept. 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE: HVT; HVT.A) today reported sales for the
month ended August 31, 2006. Havertys' August sales increased 12.7%
to $77.1 million, compared with $68.4 million in August 2005. On a
comparable-store basis, August sales increased 10.3%.
Comparable-store sales do not include stores or locations opened,
closed or otherwise non-comparable during the last 12 months. Sales
for the first eight months of 2006 increased 6.7% to $570.6 million
compared with $535.0 million in 2005. On a comparable-store basis,
sales increased 4.9% for the first eight months. Sales in Millions
Total Comparable- (unaudited) Sales Store Sales 2006 2005 % Change
% Change August $77.1 $68.4 + 12.7 % + 10.3 % Q-3 to Date $150.5
$134.9 + 11.5 % + 9.1 % Eight Months $570.6 $535.0 + 6.7 % + 4.9 %
"Our August results mark the fourth consecutive month of strong
comparable-store sales," said Clarence H. Smith, president and
chief executive officer. "We believe our Havertys Collections(R)
merchandise has made a strong connection with our target customer
and combined with an improved in- stock position are the driving
factors in our sales performance. August total written sales
increased approximately 7% over last year and September is off to a
very good start as total written business for the first four days,
which includes the Labor Day weekend, is up by a mid-teen
percentage. "We opened our first store in the Ft. Lauderdale,
Florida area in August near the Sawgrass Mills Mall. During the
month we also opened a new store in Cedar Hill, a southern suburb
of Dallas, Texas, replacing an older store in the area and closed
our store in Texarkana, Texas." 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, +1-404-443-2900 Web site:
http://www.havertys.com/
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