Thursday, May 3, 2012 10:00 a.m. ET
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Recent SEC Filings
Recent Press Releases
Havertys Reports Results for First Quarter 2012
ATLANTA, GEORGIA, May 2, 2012 -- HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) reports earnings for the first quarter ended March 31, 2012 of $0.11 compared to a loss per share of ($0.03) for the same period of 2011.
Clarence H. Smith, president and chief executive officer, said, "We are pleased with the earnings results for the first quarter which were better than our expectations. Our investments in the customer experience, both in the store and on our website, are important elements for our long term profitable growth. During the second quarter of 2012 we will complete the roll out of a new point of sale system that enables our sales associates to more efficiently complete transactions allowing them to further focus on meeting customers' needs. Visits to havertys.com increased over 28% in the first quarter of 2012 compared to the same period last year and its recent facelift will be revealed next week to coincide with the launch of a mobile version of our website.
Our new "discover something youSM" television campaign began airing in late February and has received praise for its fresh and fun approach to women's personal connections to their furniture. We will be spending our advertising dollars in a more specific market-driven and media targeted approach beginning in the second quarter of this year based on in-depth consumer research. March was the first of the monthly "Inspiration Sessions" we are hosting in each of our stores to provide information and empower our customers' desires to rejuvenate their homes. The feedback has been positive and we are strengthening our brand as the furniture retailer for fashion, value, quality and service.
Home furnishings sales are closely tied to housing turnover, availability of consumer credit and consumer confidence. These indicators have generally stopped their negative trends and are showing some positive movements. We are cautiously optimistic and believe Havertys is prepared to deliver top line sales growth, improve profitability and preserve our rock solid balance sheet."
First Quarter 2012 Compared to First Quarter 2011
Expectations and Other
Havertys, established in 1885, is a full-service home furnishings retailer with 119 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 www.havertys.com
News releases include forward-looking statements, which are subject to risks and uncertainties. Factors that might cause actual results to differ materially from future results expressed or implied by such forward-looking statements include, but are not limited to, general economic conditions, the consumer spending environment for large ticket items, competition in the retail furniture industry and other uncertainties detailed from time to time in the company's reports filed with the SEC.
Conference Call Information
The company will sponsor a conference call Thursday, May 3, 2012 at 10:00 a.m. Eastern Daylight Time to review its results. Listen-only access to the call is available via the web at www.havertys.com (For Investors) and at www.streetevents.com (Individual Investor Center), both live and for a limited time, on a replay basis.
SOURCE: Haverty Furniture Companies, Inc.
Havertys First Quarter Results Conference Call May 3, 2012, 10:00 a.m. (EDT)
ATLANTA, GEORGIA, April 26, 2012 - HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) will release first quarter 2012 financial results on Wednesday evening, May 2, 2012. In conjunction with the release, Havertys will hold a conference call with analysts and institutional investors on Thursday, May 3, 2012 at 10:00 a.m. (EDT) to discuss the results of its operations.
Interested parties may listen to the call at www.streetevents.com (Individual Investor Center) or the company's website at www.havertys.com (About Us, Investor Information) and may access a replay of this call through Thursday, May 10, 2012 at the same website addresses. A replay will also be available after the conclusion of the call via telephone at approximately 12:00 p.m. (EDT) through Thursday, May 10, 2012. The number to access the call playback is 1-800-406-7325 (access code: 4533334#).
The aforementioned conference call will contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The statements may be made a number of times throughout the call and may be identified by such forward-looking terminology as "expect," "believe," "may," "will," "intend" or similar statements or variations of such terms. Such forward-looking statements involve certain substantial risks and uncertainties including levels of sales and competitive pressures from other home furnishings retailers. These and other important factors that may cause actual results to differ materially from such forward-looking statements are detailed from time to time in the company's reports filed with the Securities and Exchange Commission. You are urged to consider such factors. The company assumes no obligation for updating any such forward-looking statements.
SOURCE: Haverty Furniture Companies, Inc.