NEWS DETAILS

Havertys Reports Sales for First Quarter

Apr 07, 2015 7:28 AM




ATLANTA,  GEORGIA, April 7, 2015 - HAVERTYS (NYSE: HVT and HVT.A) today reported
sales for the quarter ended March 31, 2015.

Sales for the first quarter 2015 increased 5.3% to $191.3 million, versus $181.7
million  for the first quarter of 2014.  On a comparable store basis, sales rose
3.8%.  Comparable  store  sales  do  not  include  locations  opened,  closed or
otherwise non-comparable during the last 12 months.

Total  written sales  for the  first quarter  of 2015 increased 6.3% and written
comparable store sales were up 4.8% over the same quarter last year.

+-------------------+-------------------+----------+-------------+
|                   | Sales in Millions |  Total   | Comparable  |
|                   |    (unaudited)    |  Sales   | Store Sales |
|                   +--------+----------+ % Change |  % Change   |
|                   |  2015  |   2014   |          |             |
+-------------------+--------+----------+----------+-------------+
| First Quarter     | $191.3 |  $181.7  |   5.3%   |    3.8%     |
+-------------------+--------+----------+----------+-------------+

Clarence  H. Smith, chairman, president and CEO, said, "Our written business was
slightly  better than our  expectations at the  beginning of the first quarter.
Higher  average  tickets  drove  the  sales  increase  as  our design staff were
involved  in more sales transactions.  We are experiencing some imported product
availability   issues   resulting  from  the  West  Coast  port  slowdown  which
contributed  to  our  written  business  exceeding  our  delivered sales for the
quarter.

Our  store in Rogers,  Arkansas, will open  this week and  our showroom in Waco,
Texas, should open in mid-May.  This expansion into two new markets for Havertys
and  the strengthening of our position in southeast Florida, with the opening in
Coconut  Creek  in  early  January  and  Ft. Lauderdale slated for July, provide
growth opportunities in the near and long term."

Havertys,  established in 1885, is a full-service home furnishings retailer with
120 showrooms  in 16 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
havertys.com.

News  releases include forward-looking statements, which are subject to risk 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.

Havertys  will report  first quarter  2015 results for  the quarter ending March
31, 2015 on  Monday,  May  4, 2015 after  the  market  closes  and  will  host a
conference call the following morning at 10:00 a.m. ET to discuss the results.

Contact:
Haverty Furniture Companies, Inc., 404-443-2900
Dennis L. Fink
  EVP & CFO
Jenny Hill Parker
  SVP, finance, secretary and treasurer
Source:  Havertys



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Source: Haverty Furniture Company via GlobeNewswire
[HUG#1908947]