Haverty Furniture Q1 Comps Up 1.6%

(RTTNews) - Haverty Furniture Companies Inc. (HVT) reported that its comparable store sales for the first quarter 2017 rose 1.6%. Comparable store sales did not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first quarter 2017 increased 3.0% to $200.4 million, compared with $194.5 million for the first quarter of 2016.

Total written sales for the first quarter of 2017 were up 2.5% and written comparable store sales increased 1.0% over last year's first quarter. Since 2016 was a leap year, this year's quarter contained one less day, a Saturday. This calendar change reduced the reported written sales increase by approximately 1.9%. Havertys stores are closed for Easter and the positive first quarter impact on written sales from the holiday occurring in April this year versus March last year is estimated to be approximately 1.2%.