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property for sale in paphos polis cyprus
News and Information Article
ATLANTA, Dec. 5 /-FirstCall/ -- Haverty Furniture Companies,
Inc. (NYSE: HVT and HVT.A) today reported sales for the period ended
November 30, 2006.
Havertys November sales increased 1.0% to $78.6 million, compared with
$77.9 million in November 2005. On a comparable-store basis, November sales
decreased 1.2%. Comparable-store sales do not include stores or locations
opened, closed or otherwise non-comparable during the last 12 months. Sales
for the eleven months of 2006 increased 4.9% to $785.2 million compared
with $748.6 million in 2005. On a comparable-store basis, sales increased
3.0% for the eleven months.
Sales in Millions Total Comparable-
(unaudited) Sales Store Sales
2006 2005 % Change % Change
November $78.6 $77.9 + 1.0% - 1.2%
Q-4 to Date $142.1 $146.5 - 3.0% - 5.3%
Eleven Months $785.2 $748.6 + 4.9% + 3.0%
"Our November sales bounced back after an unusually weak October," said
Clarence H. Smith, president and chief executive officer. "Total written
sales for November were flat with the same month last year. As expected,
our fourth quarter gross profit margins are running ahead of last year. The
outlook for home furnishings sales remains somewhat tenuous given the
current economic environment and specifically the slowdown in the housing
industry."
Havertys is a full-service home furnishings retailer with 120 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 Companys website
at http://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 Companys reports filed with the SEC.
Contact for Information: Dennis L. Fink, EVP & CFO or
Jenny Hill Parker, VP, Secretary & Treasurer
(404) 443-2900
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