Haverty Furniture Reports Sales for October ATLANTA, Nov. 6 /PRNewswire-FirstCall/ -- HAVERTY FURNITURE COMPANIES, INC. today reported sales for the month ended October 31, 2003. (Logo: http://www.newscom.com/cgi-bin/prnh/20020207/HVTLOGO) Havertys' October sales increased 10.0% to $64.8 million compared with $59.0 million in October 2002. On a comparable-store basis, October sales increased 8.3%. Comparable-store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first ten months of 2003 totaled $604.2 million versus $574.5 million for 2002, representing an increase of 5.2%. On a comparable-store basis, sales increased 0.2% for the first ten months. Sales in Millions Total Comparable- (unaudited) Sales Store Sales 2003 2002 % Change % Change October $64.8 $59.0 + 10.0% + 8.3% Ten Months $604.2 $574.5 + 5.2% + 0.2% "Comparable-store sales for October were up 8.3%, marking the fifth consecutive month of positive sales momentum. We are pleased that the year- to-date comps are also now in positive territory. New order activity in our comparable stores increased by a mid single-digit percentage versus October last year," said Clarence H. Smith, president and chief executive officer. "October's category leaders for increased sales over last year were bedding, recliners and formal dining. Sales of Havertys Collections continued to increase as a portion of the furniture sales mix. Our average dollar sales transaction and average price per item for the month continued to be modestly above last year's figures." Havertys is a full-service home furnishings retailer with 112 showrooms in 14 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 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 H. Parker, VP, Secretary & Treasurer (404) 443-2900 http://www.newscom.com/cgi-bin/prnh/20020207/HVTLOGODATASOURCE: Haverty Furniture Companies, Inc. CONTACT: Dennis L. Fink, EVP & CFO, or Jenny H. Parker, VP, Secretary & Treasurer, both of Haverty Furniture Companies, Inc., +1-404-443-2900 Web site: http://www.havertys.com/

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