Havertys Q1 Sales Fall
April 9, 2014,
ATLANTA-Havertys' first-quarter sales fell 2.5 percent to $181.4 million, according to a preliminary report from the home furnishings retailer.
Same-store sales in the quarter, which ended on March 31, were down 0.9 percent. Clarence Smith, Havertys' chairman, president and CEO, said the results came off last year's first quarter, in which same-store sales rose 11.5 percent. Smith added that the severe winter weather did not affect 30 of its more southern locations, in which same-store sales rose 7.3 percent in the quarter.