Havertys Reports Sales for February
March 06 2008 - 7:30AM
PR Newswire (US)
ATLANTA, March 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales
for the month ended February 29, 2008. Havertys' February sales
increased 3.0% to $61.9 million, compared with $60.1 million in
February 2007. On a comparable-store basis, February sales
decreased 0.4%. February results are for 29 days in 2008, a leap
year, versus 28 days for 2007. Comparable-store sales do not
include stores or locations opened, closed or otherwise
non-comparable during the last 12 months. Sales for the first two
months of 2008 decreased 1.4% to $123.3 million compared with
$125.0 million in 2007. On a comparable-store basis, sales
decreased 4.4% for the first two months. Sales in Millions Total
Comparable- (unaudited) Sales Store Sales 2008 2007 % Change %
Change February $61.9 $60.1 3.0% - 0.4% Two Months $123.3 $125.0 -
1.4% - 4.4% "Traditional sales events continue to be significant
drivers for consumers' spending," said Clarence H. Smith, president
and chief executive officer. "We had good response to our
President's Day advertising and promotional mix, and our marketing
team is using those results as we plan for future events. Total
written sales were slightly positive for February. We opened our
new store in Winter Garden, Florida, a suburb of Orlando, in late
February. The second phase of our website, havertys.com, became
operational this week and allows consumers to develop 'wish lists,'
place orders on-line and set delivery dates of their purchases."
Havertys is a full-service home furnishings retailer with 124
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, both of Haverty Furniture Companies,
Inc. Web site: http://www.havertys.com/
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