Haverty's Furniture (HVT) Q4 Comps Up 9.5%
Tweet
Share
E-mailGet Alerts HVT Hot Sheet
Join SI Premium – FREE
Haverty's Furniture Cos., Inc. (NYSE: HVT) reported sales for the quarter ended December 31, 2013.
Sales for the fourth quarter 2013 increased 7.6% to $196.2 million, compared with $182.3 million for the fourth quarter of 2012. On a comparable store basis, sales for the quarter increased 9.5%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the twelve months of 2013 totaled $746.1 million, compared with $670.1 million in 2012, representing an increase of 11.3%. On a comparable store basis, sales increased 11.0% for the twelve months.
Total written sales for the fourth quarter of 2013 increased 6.3% and written comparable store sales increased 7.7% over the same quarter of 2012.
Clarence H. Smith, chairman, president and CEO, said, "We finished 2013 with sales increases across our full line of home furnishings - helping us post our best sales performance since the beginning of the "Great Recession" in 2007. The quarter was marked with a continued expansion of our custom order business, free in-home design service, and higher average ticket.
Our merchandising and marketing are differentiating us from the competition and, combined with sustained increases in home sales and home prices, we believe our sales and market share will continue to grow in 2014."
Sales for the fourth quarter 2013 increased 7.6% to $196.2 million, compared with $182.3 million for the fourth quarter of 2012. On a comparable store basis, sales for the quarter increased 9.5%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the twelve months of 2013 totaled $746.1 million, compared with $670.1 million in 2012, representing an increase of 11.3%. On a comparable store basis, sales increased 11.0% for the twelve months.
Total written sales for the fourth quarter of 2013 increased 6.3% and written comparable store sales increased 7.7% over the same quarter of 2012.
Clarence H. Smith, chairman, president and CEO, said, "We finished 2013 with sales increases across our full line of home furnishings - helping us post our best sales performance since the beginning of the "Great Recession" in 2007. The quarter was marked with a continued expansion of our custom order business, free in-home design service, and higher average ticket.
Our merchandising and marketing are differentiating us from the competition and, combined with sustained increases in home sales and home prices, we believe our sales and market share will continue to grow in 2014."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Z Squared outlines AI power strategy and Paradox Data acquisition
- Evogene chairman to address dissident shareholders on results call
- Havertys declares Q3 dividend, adds $15M stock buyback plan
Create E-mail Alert Related Categories
Management Comments, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
