Haverty Furniture: Hits 17-month high on strong sales

Haverty Furniture Companies

07/10/2020 17:34

** Home-furnishing retailer's shares  HVT.N  rise 7.4% to
$23.72, their highest level in more than 17 months
    ** Haverty says Q3 sales rose 3.9% to $217.5 mln and
same-store sales jumped 4%, as consumers staying at home due to
the COVID-19 pandemic spent more on their homes  urn:newsml:reuters.com:*:nGNX6PMvM1
    ** Shares on course for best session in about two months
    ** "Demand is outpacing product availability in certain
categories ... customers continue to place orders in spite of
the longer delivery time frames," says CEO Clarence Smith 
    ** Including session's move, HVT up about 18% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))