Havertys Reports Participation in KeyBanc Capital Markets Consumer Conference and Updates Fourth Quarter Sales Information
December 04 2017 - 6:15PM
HAVERTYS (NYSE:HVT) (NYSE:HVT.A) will be participating in the
KeyBanc Capital Markets Consumer Conference on December 5, 2017.
Members of Havertys’ senior management are scheduled to meet with
interested parties and discuss the Company’s operations. In
anticipation of these meetings, the Company today released updated
sales information.
Havertys total sales for the fourth quarter
through November 30 are flat with the same period last year and
comparable sales are down 1.3%. Written sales for the fourth
quarter through November 30 are up approximately 0.2% over the same
period last year and written comparable store sales are down
approximately 1.2%.
Clarence H. Smith, chairman, president and CEO,
said, “Consumer spending continues to be more concentrated around
traditional holiday sales events as customers seek to expand their
purchasing power. Our promotions emphasize pricing while
highlighting our products’ style, function and quality. Our written
business for the four-day Thanksgiving holiday sales period was up
approximately 2.3% in total and 0.7% for comparable stores versus
the same period last year when our results were up 14.3% in total
and 16.0% for comparable stores. We have new savings offers planned
over the next few weeks and are well stocked to deliver to
customers in December.”
The Company plans to release fourth quarter 2017
sales on Monday, January 8, 2018, before the market opens and
fourth quarter financial results on Tuesday, February 20, 2018,
after the market closes.
About Havertys
Havertys (NYSE:HVT) (NYSE:HVT.A), established in
1885, is a full-service home furnishings retailer with 124
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
havertys.com.
News releases include forward-looking
statements, which are subject to risk 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 report
filed with the SEC.
Contact: Haverty Furniture Companies, Inc.,
404-443-2900 Richard B. Hare EVP & CFO Jenny
Hill Parker SVP, Finance, Secretary and Treasurer
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