Haverty Reports Record Setting December

Furniture World Magazine

Haverty Furniture Companies, Inc.reported all-time record sales for any month for the period ended December 31, 2005. Havertys' December sales increased 1.0% to $79.1 million compared with $78.3 million in December 2004. On a comparable-store basis, December sales decreased 0.7%. Comparable-store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the twelve months of 2005 totaled $827.7 million versus $784.2 million for 2004, representing an increase of 5.5%. On a comparable-store basis, sales increased 1.8% for the twelve months. "December was another record setting month for Havertys," said Clarence H. Smith, president and chief executive officer. "Our comparable-store sales were off slightly versus last year and written orders for the month changed by percentages similar to those for delivered sales. We were pleased to see improvement in our product flow which is a key component in our ability to finalize sales and satisfy our customers. "Our new store in Columbus, Ohio opened on schedule, a few days before 2005 came to an end. We are excited about serving another great market in the Mid West with this free-standing store in the beautiful new Polaris Mall area and look forward to the Grand Opening event later this week." Havertys is a full-service home furnishings retailer with 118 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 http://www.havertys.com/.