Havertys Reports Sales For Third Quarter
HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) today reported sales for the quarter ended September 30, 2010.
Havertys' sales for the third quarter 2010 increased 3.4% to $157.1 million, compared with $151.9 million for the third quarter of 2009. On a comparable store basis, sales for the quarter increased 4.3%. Comparable-store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Total written business for the third quarter of 2010 was down approximately 1.5% compared to the same quarter last year. Sales for the first nine months of 2010 increased 7.6% to $458.2 million, compared with $425.9 million in 2009. On a comparable store basis, sales increased 9.0% for the first nine months.
|Sales in Millions (unaudited)||Total Sales||Comparable- Store Sales|
|2010||2009||% Change||% Change|
Clarence H. Smith, president and chief executive officer, said, “Our comparable-store sales increased 4.3% for the third quarter, tempering the 11.6% increase we generated in the first half of 2010. We believe that is reflective of the lack of macro economic momentum with low job creation and few signs of a housing recovery to encourage big ticket purchases for home furnishings. The fourth quarter is historically our strongest of the year and we will have exciting new styles and great values to offer the consumer during this important season.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV