Haverty Furniture Reports Sales For May
June 07 2005 - 8:30AM
PR Newswire (US)
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/
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