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Haverty Furniture Reports Sales For May
ATLANTA, June 7 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE COMPANIES, INC.
(NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales for the month ended May 31,
2005.
Havertys' May sales increased 6.9% to $61.8 million, compared with $57.8
million in May 2004. On a comparable-store basis, May sales increased 1.2%.
Comparable-store sales do not include stores or locations opened, closed or
otherwise non-comparable during the last 12 months. Sales for the first five
months of 2005 increased 9.5% to $334.5 million compared with $305.4 million in
2004. On a comparable-store basis, sales increased 4.6% for the first five
months.
Sales in Millions
(unaudited) Total Comparable-Store
Sales Sales
2005 2004 % Change % Change
May $61.8 $57.8 + 6.9% + 1.2%
Q-2 to Date $126.9 $115.1 + 10.2% + 4.6%
Five Months $334.5 $305.4 + 9.5% + 4.6%
Clarence H. Smith, president and chief executive officer, said, "For May, sales
of casual dining merchandise were very strong and all upholstery categories
increased nicely. The overall average price per SKU and the average sales
ticket were both up modestly.
"Written sales orders for the month of May increased by a low single-digit
percent in total, with comparable-store sales decreasing by a low single-digit
percent relative to the same month last year. Memorial Day weekend written
sales orders this year were off in the low to mid single-digit percent range
for total and comp-store sales. We are pleased that written orders for early
June have increased by a mid single-digit percent for comparable stores versus
the same time period last year."
Havertys is a full-service home furnishings retailer with 118 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 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 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 Haverty Furniture Companies, Inc., +1-404-443-2900
Web site: http://www.havertys.com/