NEWS DETAILS

Havertys Reports Sales for Second Quarter

Jul 08, 2014 7:30 AM




ATLANTA,  GEORGIA, July 8, 2014 - HAVERTYS (NYSE:  HVT and HVT.A) today reported
sales for the quarter ended June 30, 2014.

Havertys  sales for  the second  quarter 2014 increased  2.4% to $175.1 million,
compared  with $171.1 million  for the second  quarter of 2013.  On a comparable
store  basis, sales for  the quarter increased  3.2%.  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 2014 totaled $356.9 million,
compared  with $357.2  million in  2013, representing a  decrease of 0.1%.  On a
comparable store basis, sales increased 1.1% for the first six months.

Total written sales for the second quarter of 2014 increased 4.7% and written
comparable store sales were up 5.3% over the same quarter last year.  Our stores
are closed on Easter, so both of these amounts were adjusted upward 1.4% to
compensate for that holiday falling in March last year and April this year.

+---------------------+-------------------+----------+-------------+
|                     | Sales in Millions |  Total   | Comparable  |
|                     |    (unaudited)    |  Sales   | Store Sales |
|                     +--------+----------+ % Change |  % Change   |
|                     |  2014  |   2013   |          |             |
+---------------------+--------+----------+----------+-------------+
| Second Quarter      | $175.1 |  $171.1  |   2.4%   |    3.2%     |
+---------------------+--------+----------+----------+-------------+
| Six Months          | $356.9 |  $357.2  |  -0.1%   |    1.1%     |
+---------------------+--------+----------+----------+-------------+

Clarence  H. Smith,  chairman, president  and CEO,  said, "Sales  for the second
quarter   showed  growth  in  the  categories  of  upholstery,  mattresses,  and
accessories.   Our  supplier  order  fulfillment  for wood products continued to
challenge  case  goods  sales.   There  has  been  recent  improvement  with the
exception  of a major Chinese manufacturer and we expect lead times to stabilize
over the remainder of the year.  Our sales results were up against tough double-
digit increases in 2013.

We closed our Plano, Texas store in May and in the third quarter will open a new
store  in  Fort  Worth,  Texas  and  relocate  our  Fayetteville, North Carolina
showroom.   Our store presentation, merchandising, and superior customer service
differentiate  us from the competition and should  enable us to continue to grow
sales and market share."

Havertys,  established in 1885, is a full-service home furnishings retailer with
118 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 at
www.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 SEC.

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#1817191]