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Haverty Furniture Reports Sales For January
ATLANTA, Feb. 4 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE COMPANIES, INC.
(NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales for the month ended January
31, 2005.
Havertys' January sales increased 0.9% to $66.2 million, compared with $65.6
million in January 2004. On a comparable-store basis, January sales decreased
2.5%. Comparable-store sales do not include stores or locations opened, closed
or otherwise non-comparable during the last 12 months.
Sales in Millions Total Comparable
(unaudited) Sales -Store Sales
% Change % Change
January 2005 2004
$66.2 $65.6 + 0.9% - 2.5%
Clarence H. Smith, president and chief executive officer, said, "January
deliveries to our customers were cut short over the last weekend of the month
by an ice storm impacting our Georgia and Eastern stores. Calendar differences
also took a delivery day out of the month compared to January 2004 and
contributed to the 2.5% decrease in comparable-store sales. We believe comps
would have been positive by a low to mid single-digit percentage without these
factors.
"The merchandise categories producing the largest percent gains for the month
were casual dining, recliners and bedding. Our comparable-store written
business for January grew by a low single-digit percentage pace on top of last
year's strong 8% increase.
"We are excited about the opening later this month of another Havertys store in
the rapidly growing Virginia suburbs of Washington, D.C. This 41,000 square
foot showroom is on a prominent free-standing site next to the Dulles Town
Center Mall."
Havertys is a full-service home furnishings retailer with 117 showrooms in 16
southern and central states 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/ .
This release includes 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, issues related to imported merchandise 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 Havertys, +1-404-443-2900
Web site: http://www.havertys.com/