Haverty Q1 Comps. Down 1.1% - Quick Facts

(RTTNews) - Haverty (HVT) reported that its sales for the first-quarter 2018 decreased 0.5% to $199.4 million, compared to $200.4 million, prior year. On a comparable store basis, sales for the quarter were down 1.1%. First-quarter total written sales were down 2.0% and written comparable store sales decreased 2.6% from previous year.

Clarence Smith, CEO, said, "Our first quarter sales were challenging and mirrored the shift to stronger traffic and sales around traditional shopping holidays. The Havertys brand is well positioned and we have confidence in our long-term financial outlook."

The company will release its first-quarter results on May 1, 2018.