Haverty Furniture Reports November Sales
05 Dezember 2006 - 1:30PM
PR Newswire (US)
ATLANTA, Dec. 5 /PRNewswire-FirstCall/ -- Haverty Furniture
Companies, Inc. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales
for the period ended November 30, 2006. Havertys' November sales
increased 1.0% to $78.6 million, compared with $77.9 million in
November 2005. On a comparable-store basis, November sales
decreased 1.2%. Comparable-store sales do not include stores or
locations opened, closed or otherwise non-comparable during the
last 12 months. Sales for the eleven months of 2006 increased 4.9%
to $785.2 million compared with $748.6 million in 2005. On a
comparable-store basis, sales increased 3.0% for the eleven months.
Sales in Millions Total Comparable- (unaudited) Sales Store Sales
2006 2005 % Change % Change November $78.6 $77.9 + 1.0% - 1.2% Q-4
to Date $142.1 $146.5 - 3.0% - 5.3% Eleven Months $785.2 $748.6 +
4.9% + 3.0% "Our November sales bounced back after an unusually
weak October," said Clarence H. Smith, president and chief
executive officer. "Total written sales for November were flat with
the same month last year. As expected, our fourth quarter gross
profit margins are running ahead of last year. The outlook for home
furnishings sales remains somewhat tenuous given the current
economic environment and specifically the slowdown in the housing
industry." Havertys 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
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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