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Haverty Furniture (HVT) Reports Q4 Sales Increase 3.8%, Comps Ip 3.5%

January 5, 2012 7:34 AM EST
HVT Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Dividend Yield: 1.3%
HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT) today reported sales for the period ended December 31, 2011.

Havertys' sales for the fourth quarter 2011 increased 3.8% to $168.3 million, versus $162.1 million for the fourth quarter of 2010. On a comparable store basis, sales for the quarter increased 3.5%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the twelve months of 2011 totaled $620.9 million versus $620.3 million for 2010, representing an increase of 0.1%. On a comparable store basis, sales increased 0.3% for the twelve months.

Total written sales for the fourth quarter of 2011 increased 1.5% over the same quarter last year.


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