"Both interest expense and bad debt expense were considerably lower in the first quarter this year. Other income increased almost $0.8 million versus last year's first quarter due to gains on the sale of real estate.
"We are encouraged by the improved profitability and are determined to make necessary adjustments to enhance top line performance and exert greater leverage on our operating costs."
Havertys 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.
The company will sponsor a conference call Tuesday, May 2, 2006 at 10:00 a.m. Eastern Daylight Time to review the first quarter. Listen-only access to the call is available via the web at havertys.com (For Investors) and at streetevents.com (Individual Investor Center), both live and for a limited time, on a replay basis.
Havertys 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.
marketing@alchempro.com
