Havertys Reports Sales for Second Quarter
July 06 2018 - 4:09PM
HAVERTYS (NYSE:HVT) (NYSE:HVT.A) today reported sales for the
quarter ended June 30, 2018.
Havertys sales for the second quarter 2018
increased 1.0% to $198.8 million, compared with $196.8 million for
the second quarter of 2017. On a comparable store basis,
sales for the quarter increased 1.3%. Comparable store sales
do not include locations opened, closed or otherwise non-comparable
during the last 12 months. Sales for the first six months of
2018 totaled $398.2 million, compared with $397.3 million in 2017,
representing an increase of 0.2%. On a comparable store
basis, sales increased 0.1% for the first six months.
Total written sales for the second quarter of
2018 were up 1.1% and written comparable store sales were up
1.5%.
|
|
Sales in
Millions(unaudited) |
TotalSales%
Change |
ComparableStore
Sales% Change |
|
|
2018 |
2017 |
Second Quarter |
|
$198.8 |
$196.8 |
1.0 |
% |
1.3 |
% |
Six Months |
|
$398.2 |
$397.3 |
0.2 |
% |
0.1 |
% |
Clarence H. Smith, chairman, president and CEO,
said, “We had modest sales gains with our bedroom furniture and
accessories product categories leading the year over year increases
in the second quarter. We were pleased that our overall
average sales ticket continued to increase this quarter, bolstered
by our HDesigner sales.
We closed two stores during the quarter, as
previously announced, and our store count is 121 versus 124 a year
ago. As we rationalize our physical footprint, we remain
focused on providing an outstanding customer experience across all
touchpoints. Sales completed online during the second quarter
were up 18%, driven by Havertys team members using new tools that
engage our customers and strengthen our competitive position.”
The Company will release second quarter 2018
financial results on Tuesday, July 31, 2018, after the market
closes. Havertys will host a conference call with analysts and
investors on Wednesday, August 1, 2018 at 10:00 AM (ET).
About Havertys
Havertys (NYSE: HVT and HVT.A),
established in 1885, is a full-service home furnishings retailer
with 121 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
Source: Havertys
Haverty Furniture Compan... (NYSE:HVT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Haverty Furniture Compan... (NYSE:HVT)
Historical Stock Chart
From Apr 2023 to Apr 2024