Haverty Furniture Reports Sales for September
06 Oktober 2005 - 2:45PM
PR Newswire (US)
ATLANTA, Oct. 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales
for the month ended September 30, 2005. Havertys' September sales
increased 9.3% to $67.1 million compared with $61.4 million in
September 2004. On a comparable-store basis, September sales
increased 6.5%. Comparable-store sales do not include locations
opened, closed or otherwise non-comparable during the last 12
months. Sales for the first nine months of 2005 totaled $602.1
million versus $567.4 million for 2004, representing an increase of
6.1%. On a comparable-store basis, sales increased 2.0% for the
first nine months. Sales In Millions Total Comparable- (Unaudited)
Sales Store Sales 2005 2004 % Change % Change September $67.1 $61.4
+ 9.3% + 6.5% Third Quarter $202.0 $197.4 + 2.3% - 1.0% Nine Months
$602.1 $567.4 + 6.1% + 2.0% Clarence H. Smith, president and chief
executive officer, said, "September comparable-store sales
increased 6.5%. Our written sales order activity in September also
improved over last year, but by a slightly lower percentage. We had
expected larger increases given the significant impact on our prior
year's results from the hurricane activity in Florida, our most
productive region. Sales reflect some continued reluctance by
consumers to make big- ticket purchases. "We are pleased to
announce the addition of two new members to our management team.
James Daniell joins us in a new position, assistant vice president,
marketing. James has over 18 years of brand marketing experience.
He began his career at Schering-Plough working with their
Coppertone(R) and Dr. Scholl's(R) business units and then spent
several years at Russell Corporation managing the global marketing
of its apparel business as vice president, marketing. Most recently
James has worked as a part of a consulting team where he managed
varied consumer branding projects for a number of companies. James
will report to Tom Curran, senior vice president, marketing. "We
have also added our first legal officer, Janet Taylor, vice
president, law. Janet most recently served as a partner in the
corporate department at the Atlanta office of King & Spalding.
Her experience includes a broad range of transactions and advisory
work for several large public companies. She also has served as
assistant general counsel for a medical services corporation. We
look forward to the important contributions that these new officers
will make to Havertys." Havertys is a full-service home furnishings
retailer with 117 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
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, both of Haverty Furniture Companies, Inc.,
+1-404-443-2900 Web site: http://www.havertys.com/
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