Jul 07, 2017 6:26 AM
Havertys sales for the second quarter 2017 increased 1.1% to
Havertys’ stores are closed for Easter with the holiday occurring in April this year versus March last year and the negative impact on second quarter written sales is estimated at 1.2%. After adjusting for the Easter shift, total written sales for the second quarter of 2017 were up 0.6% and written comparable store sales were down 0.7%.
Sales in Millions (unaudited) | Total Sales % Change | Comparable Store Sales % Change | |||||||
2017 | 2016 | ||||||||
Second Quarter | 1.1% | - 0.2% | |||||||
Six Months | 2.1% | 0.7% |
“Our sales late in the quarter were lower than last year partly due to shifting one week of our
The Company will release second quarter 2017 financial results on
About Havertys
Havertys (NYSE:HVT) (NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 124 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 report filed with the
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Source: Havertys