Havertys Q4 sales grow 9%

Atlanta - Sales for the fourth quarter of fiscal 2014 at Havertys Furniture Companies Inc. increased 9% to $213 million, compared with $196.2 million for the fourth quarter of fiscal 2013. Same-store sales increased 8.3%.

Sales for the full fiscal year 2014 totaled $768.4 million, up 3% from $746.1 million in fiscal 2013. Same-store sales increased 3.6%.



Total written sales for the fourth quarter of 2014 increased 6.7% and written comparable store sales increased 5.9% from the same quarter of 2013.



“The vendor supply and import flow issues which plagued us during the year were mostly overcome in the fourth quarter,” said Clarence H. Smith, chairman, president and CEO of Havertys. “Our stores now display a fresh new product line up and our increased warehouse inventory levels provide better response to fulfill customers` orders. We are pleased to have many important merchandise availability matters and the additional costs we incurred to remediate them behind us.”