Havertys Releases February Sales

March 2, 2006  by in UnCategorized   

By Home Furnishings Business in on March 2006 Atlanta-based Havertys same-store sales for February dropped 2.6 percent from the same month last year.

The retailer also said monthly sales dropped 1.1 percent to $67.5 million for February, compared to $68.2 million during February 2005.

The company's comparable-store sales do not includes stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first two months of this year decreased 0.1 percent to $134.3 million compared with $134.4 million last year.

Same-store sales dropped 1.4 percent for the first two months of the year compared with last year.

"Sales were generally soft for February 2006 versus the very good 6.1 percent increase in comparable-store sales we had a year ago," said Clarence Smith, president and chief executive officer. "We are pleased that our gross profit margins have continued improving in the last few months. Our attention is also on sales growth and we are intensifying our efforts to generate a better top-line performance."

Havertys has 118 showrooms in 17 states in the Southern and Midwestern regions selling quality middle- to upper-middle priced product.