Haverty Furniture Reports Sales for June ATLANTA, July 8 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE COMPANIES, INC. (NYSE:HVTNYSE:andNYSE:HVT.A) today reported sales for the month ended June 30, 2004. Havertys' June sales increased 12.9% to $64.5 million, compared with $57.1 million in June 2003. On a comparable-store basis, June sales increased 10.0%. Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first six months of 2004 increased 7.5% to $369.9 million compared with $344.0 million in 2003. On a comparable-store basis, sales increased 3.3% for the first six months. Sales in Millions Total Comparable- (unaudited) Sales Store Sales 2004 2003 % Change % Change June $64.5 $57.1 + 12.9% +10.0% Second Quarter $179.6 $168.6 + 6.5% + 2.6% Six Months $369.9 $344.0 + 7.5% + 3.3% Clarence H. Smith, president and chief executive officer, said, "June sales results were positively impacted by the late Memorial Day holiday weekend this year as we had noted in our May sales news release. The upholstery categories recorded the biggest sales percentage increases for both June and the second quarter. Our Havertys Collections continued its strong sales pace as we expanded our brand into bedding and premium merchandise. "Customer orders for June increased by a mid single-digit percentage in total and were slightly positive on a comparable-store basis. The third quarter is off to a good start with orders at comp stores for the Fourth of July holiday weekend increasing by a low double-digit percentage over last year's strong results. We are encouraged by the continuing positive economic news and the impact that this should have on our customer base," Smith concluded. The Company will release second quarter 2004 earnings results on Wednesday morning, July 28, 2004. In conjunction with the release, Havertys will hold a conference call with analysts and investors on Wednesday, July 28, 2004 at 10:00 a.m. (EDT) to discuss its financial results. Havertys is a full-service home furnishings retailer with 114 showrooms in 15 southern and central states 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 http://www.havertys.com/. This release includes 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, issues related to imported merchandise and other uncertainties detailed from time to time in the Company's reports filed with the SEC. Contact for Information: Dennis L. Fink, EVP & CFO or Jenny Hill Parker, VP, Secretary & Treasurer (404) 443-2900 DATASOURCE: Haverty Furniture Companies, Inc. CONTACT: Dennis L. Fink, EVP & CFO or Jenny Hill Parker, VP, Secretary & Treasurer, both of Haverty Furniture Companies, Inc., +1-404-443-2900 Web site: http://www.havertys.com/

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