Haverty Furniture Reports June Written Orders Up 4%

Furniture World News

Haverty Furniture Companies, Inc., reported sales for the month ended June 30, 2006. Havertys' June sales increased 9.5% to $71.7 million, compared with $65.5 million in June 2005. On a comparable-store basis, June sales increased 8.2%. Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first six months of 2006 increased 5.0% to $420.1 million compared with $400.0 million in 2005. On a comparable-store basis, sales increased 3.4% for the first six months. Clarence H. Smith, president and chief executive officer, said, "Sales for June continued at a very good pace as deliveries to customers were again aided by improved product flow. Throughout the second quarter, our sales were positively impacted by stronger promotional activity as well as a more fashionable merchandising assortment and in-store presentation. "Total written orders for the month of June were approximately 4% ahead of June last year. Our written orders for the first four days of July increased by a low double-digit percentage over last year. Traditional sales activity was enhanced as many consumers enjoyed an extended four-day weekend for Independence Day this year." Havertys is a full-service home furnishings retailer with 119 showrooms in 17 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 .