This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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
Third Quarter $157.1 $151.9 3.4% 4.3%
Nine Months $458.2 $425.9 7.6% 9.0%
 

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.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,531.61 -31.69 -0.19%
S&P 500 1,931.26 +0.59 0.03%
NASDAQ 4,363.6250 -6.1480 -0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs