Haverty Furniture Reports All-Time Record Sales for December
January 06 2005 - 6:30AM
PR Newswire (US)
Haverty Furniture Reports All-Time Record Sales for December
ATLANTA, Jan. 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE
COMPANIES, INC. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported
all-time record sales for any month for the period ended December
31, 2004. Havertys' December sales increased 8.4% to $78.3 million
compared with $72.2 million in December 2003. On a comparable-store
basis, December sales increased 5.6%. Comparable-store sales do not
include locations opened, closed or otherwise non-comparable during
the last 12 months. Sales for the twelve months of 2004 totaled
$784.2 million versus $744.6 million for 2003, representing an
increase of 5.3%. On a comparable-store basis, sales increased 2.1%
for the twelve months. Sales in Millions (unaudited) Total
Comparable- Sales Store Sales 2004 2003 % Change % Change December
$78.3 $72.2 + 8.4% + 5.6% Fourth Quarter $216.8 $205.3 + 5.6% +
3.0% Twelve Months $784.2 $744.6 + 5.3% + 2.1% "December was
another record setting month for Havertys," said Clarence H. Smith,
president and chief executive officer. "We were able to fulfill
customer orders at a greater pace due in part to improvements in
our distribution methods. There was sales growth in all product
categories with greater consumer focus on bedding and recliners.
Our customers' total orders increased at a slightly better rate
than deliveries in December. "We finished the year with
approximately 4.1 million square feet of retail space, including a
new store in Baton Rouge, Louisiana and an expanded location in
Savannah, Georgia, which were both completed in December. We have
targeted several new markets for future expansion as we look to
bring quality, fashionable home furnishings to more consumers."
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 Haverty Furniture Companies, Inc., +1-404-443-2900 Web site:
http://www.havertys.com/
Copyright