HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) today reported sales for the quarter ended June 30, 2010. Havertys' sales for the second quarter 2010 increased 11.9% to $145.1 million, compared with $129.7 million for the second quarter of 2009. On a comparable store basis, sales for the quarter increased 13.2%. Comparable-store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first six months of 2010 totaled $301.1 million, compared with $273.9 million in 2009, representing an increase of 9.9%. On a comparable store basis, sales increased 11.6% for the first six months. Written sales for the second quarter 2010 increased 9.4% over the same quarter last year. The month of May had the greatest improvement and June was up by a low single digit percent.
|Sales in Millions (unaudited)||Total Sales||Comparable Store Sales|
|2010||2009||% Change||% Change|
Havertys is a full-service home furnishings retailer with 119 showrooms in 17 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 www.havertys.com.News releases include 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.