Havertys Reports Sales for April
May 06 2008 - 7:30AM
PR Newswire (US)
ATLANTA, May 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales
for the month ended April 30, 2008. Havertys' April sales increased
0.6% to $54.0 million, compared with $53.6 million in April 2007.
On a comparable-store basis, April sales decreased 2.7%.
Comparable-store sales do not include stores or locations opened,
closed or otherwise non-comparable during the last 12 months. Sales
for the first four months of 2008 decreased 2.2% to $239.2 million
compared with $244.7 million in 2007. On a comparable-store basis,
sales decreased 5.5% for the first four months. Sales in Millions
Comparable- (unaudited) Total Sales Store Sales 2008 2007 % Change
% Change April $54.0 $53.6 0.6% - 2.7% Four Months $239.2 $244.7 -
2.2% - 5.5% As noted in the Company's first quarter earnings
release on April 30th, total delivered sales for April were
estimated to be flat and total written business was estimated to be
down approximately 7% to 8%. Actual delivered results detailed
above show an increase of 0.6% and total written business for April
was down approximately 7%. 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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