Exhibit 99.1

Havertys Reports Fourth Quarter and Full Year 2020 Results
Atlanta, Georgia, February 17, 2021
 – HAVERTYS (NYSE: HVT and HVT.A), today reported strong operating results for the fourth quarter and year ended December 31, 2020.
Fourth quarter 2020 versus fourth quarter 2019:
Diluted earnings per common share (“EPS”) of $1.37 versus $0.31 and Adjusted EPS of $1.37 versus $0.40.
Adjusted EPS in 2019 excludes $0.09 for an impairment charge on a store location.
Consolidated sales increased 12.9% to $241.3 million. Comparable store sales increased 13.7%.

FY 2020 versus FY 2019:
EPS of $3.12 versus $1.08 and Adjusted EPS of $1.88 versus $1.17.
Adjusted EPS in 2020 excludes $1.24 for gain on a sale-leaseback transaction.
Consolidated sales decreased 6.7% to $748.3 million as operations were paused from mid-March through early May. Comparable store sales for the year rose 5.0%.

Clarence H. Smith, chairman, president and CEO, said, “Consumer “nesting” continues to drive record demand for home furnishings. Our store and internet traffic is rising as we leverage the combined potential of high touch service and online capabilities. Sales across all furniture categories have been strong and mattress sales were up slightly in the fourth quarter as some supply rebounded. Merchandise availability remains a key issue as manufacturers are hampered by ongoing coronavirus concerns, raw material shortages, and shipping capacity. Our supply chain and sales teams, supported by a strong IT infrastructure, are working to communicate with customers and manage delivery expectations. Havertys’ distribution and delivery teams, who literally do the heavy lifting, have responded to the challenge of volatile warehouse flows and increased home deliveries, while following our masking and other safety protocols.

“I am proud of the hard work and dedication of all our team members during an extraordinary year. During 2020 we returned $70 million to our shareholders: $14 million in quarterly dividends, $36 million in special dividends, and repurchased almost $20 million in common stock. We ended 2020 with a very strong debt free balance sheet.

“We are blessed to be a part of the economy focused on the home. The new standards and operating procedures put into place this year will serve us well going forward. We are committed to maintaining our position as a trusted leader in the marketplace, investing in top-line growth and improving returns. Our business remains strong in these early weeks of the new year. We celebrate the rollout of the vaccines and look forward to the future when we can work and greet our customers with unmasked enthusiasm.”

The following information was filed by Haverty Furniture Companies Inc (HVT) on Thursday, February 18, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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