Havertys reports record 3rd quarter

Havertys' third-quarter sales rose 11.6% and profits totaled $9.49 million, nearly triple last year's third quarter, the home Havertysfurnishings retailer reported. Comp store sales were up 11.8%, total written business was up 7.3% and average ticket rose 5.6%.

Clarence Smith, chairman, president and CEO, said "We are reaching our customers in new ways and providing inspiration, information and assistance so she can confidently turn her vision of home into a reality. Our teams have been engaged in enriching the shopping experience across all channels and offering captivating products with great fabrics, finishes and function.

"Operationally we are refining productivity benchmarks and continue to strive to grow market share and comparable store sales. We believe the geographic regions in which our stores are located coupled with our financial strength and positioning of the Havertys brand will fuel our growth as housing and employment improve."
Havertys' retail store count at Sept. 30, 2013 was 119 versus 120 on the same day in the prior year.

For the nine months ended Sept. 30, 2013, sales increased 12.7% to $549.9 million. Comparable store sales were up 11.5%, and average ticket increased 8.6%.

Home Accents Today Staff | News & Commentary

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