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Havertys reports sales for Aug
06 Sep '07
2 min read
Haverty Furniture Companies Inc reported sales for the month ended August 31, 2007.
Havertys' August sales decreased 8.3% to $70.7 million, compared with $77.1 million in August 2006. On a comparable-store basis, August sales decreased 10.1%.
Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first eight months of 2007 decreased 9.4% to $516.7 million compared with $570.6 million in 2006. On a comparable-store basis, sales decreased 11.0% for the first eight months.
Clarence H. Smith, president and chief executive officer, said, "August comparable store sales were off by 10.1% versus strong results for the same month last year when comps had increased 10.3%. Our total written business in August decreased 4.3% compared to last year."
"Early September sales are trending better with total written business for the Labor Day weekend off 3% compared to last year's mid-teen percentage increase. In fact, written business this Labor Day set an all-time record for any single day at Havertys."
Havertys is a full-service home furnishings retailer with 122 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.
Havertys' August sales decreased 8.3% to $70.7 million, compared with $77.1 million in August 2006. On a comparable-store basis, August sales decreased 10.1%.
Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first eight months of 2007 decreased 9.4% to $516.7 million compared with $570.6 million in 2006. On a comparable-store basis, sales decreased 11.0% for the first eight months.
Clarence H. Smith, president and chief executive officer, said, "August comparable store sales were off by 10.1% versus strong results for the same month last year when comps had increased 10.3%. Our total written business in August decreased 4.3% compared to last year."
"Early September sales are trending better with total written business for the Labor Day weekend off 3% compared to last year's mid-teen percentage increase. In fact, written business this Labor Day set an all-time record for any single day at Havertys."
Havertys is a full-service home furnishings retailer with 122 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.
Haverty Furniture Companies Inc
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