Haverty Furniture Reports Sales For January
04 2월 2005 - 10:00PM
PR Newswire (US)
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/
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