Jul 08, 2016 6:46 AM
Havertys sales for the second quarter 2016 increased 3.8% to
Written total and comparable store sales for the second quarter of 2016 both rose 6.0% over the same quarter last year. Havertys' stores are closed for Easter and the positive impact on second quarter written sales from the holiday occurring in March this year versus April last year is estimated at 1.5%.
Sales in Millions (unaudited) | Total Sales % Change | Comparable Store Sales % Change | |||||||||||
2016 | 2015 | ||||||||||||
Second Quarter | $ | 194.8 | $ | 187.7 | 3.8 | % | 3.8 | % | |||||
Six Months | $ | 389.3 | $ | 379.1 | 2.7 | % | 2.3 | % |
Consumer spending continues to coalesce around traditional holiday sales events reinforcing the importance of a strong brand, excellent online and instore experiences, and demonstrable value propositions. Our written business for the four-day
Havertys, established in 1885, is a full-service home furnishings retailer with 122 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
Havertys will report second quarter 2016 results for the quarter ending
Contact:Source:Haverty Furniture Companies, Inc. , 404-443-2900Dennis L. Fink EVP & CFOJenny Hill Parker SVP, finance, secretary and treasurer