Hooker Furniture

Hooker Furnishings Corp. is a home furnishings marketing and logistics company. It offers worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The company operates its business through the following segments: Hooker Branded, Home Meridian, Domestic Upholstery, and Other. Its major casegoods product categories include home entertainment, home office, accent, dining and bedroom furniture under the Hooker Furniture brand, and youth furniture sold under the Opus Designs by Hooker brand. The company designs and markets its furniture, both as stand-alone products and as part of a group of products within multi-piece groups or broader collections offering a unifying style, design theme and finish. Its collections include offerings such as the Abbott Place, Beladora, Harbour Pointe, and Sanctuary collections. The company's residential upholstered seating companies include Bradington-Young LLC, a specialist in upscale motion and stationary leather furniture, and Sam Moore Furniture LLC, a specialist in upscale occasional chairs, settees, and sectional seating with an emphasis on cover-to-frame customization. Its customers include independent furniture stores, specialty retailers, department stores, catalog and internet merchants, interior designers, and national and regional chains. Hooker Furniture was founded in 1924 and is headquartered in Martinsville, VA.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Hooker Furnishings Corp reports mixed fiscal year performance and cost-saving opportunities

Hooker Furnishings Corporation faced challenges with a net loss for both the fiscal year and fourth quarter. However, the Domestic Upholstery segment showed strength with double-digit sales gains. The company is focusing on cost-saving opportunities and market expansion, while also addressing concerns about economic instability and excess inventory. Quarterly reevaluation of the value equation is expected to drive competitive positioning.

Hooker Furnishings faces sales decline but diversifies with BOBO acquisition

Hooker Furnishings faced challenges with declining sales and net income, but demonstrated strengths in reducing reliance on Chinese suppliers and focusing on efficient operations. The acquisition of BOBO and the company's focus on specific segments present opportunities for future growth.

Hooker Furniture reports improved Q3 performance and positive outlook

Despite a decrease in net sales, Hooker Furniture's Q3 performance showed improved operating income and margin, increased consolidated orders, and strong cash generation. The Home Meridian segment achieved positive quarterly operating income for the first time since 2021. The company's long-term outlook has improved, with expectations of flat sales for Hooker legacy brands and potential sales growth for HMI in the first quarter next year.

Hooker Furniture navigates segment challenges, anticipates improved margins ahead

Hooker Furniture faced challenges in the Home Meridian segment but showed strength in the Domestic Upholstery segment.
Focus on pricing and profitability, anticipation of improved margins, and plans for margin stabilization indicate strategic financial management.
While facing operational and demand challenges, the company is poised to address them and anticipates profitability in the upcoming fiscal year.
Overall, Hooker Furniture's performance reflects a mix of challenges and opportunities, with a focus on financial stability and growth.

Hooker Furniture reports Q1 2024 decline, focuses on growth initiatives

Hooker Furniture faced a decline in net sales and net income in Q1 2024, with challenges in gross margin and segment performance.
However, the company demonstrated financial stability, efficient inventory management, and strategic growth initiatives to navigate market challenges.
Opportunities lie in expanding distribution, operational efficiency improvements, and new brand launches for future growth and profitability.

Hooker Furniture reports Q2 challenges, eyes growth through acquisitions

Hooker Furniture (HOFT) faced challenges with declining net sales but showed strengths in financial management and strategic investments for future growth.
Opportunities lie in segment transformations, acquisitions, and operational improvements to drive profitability and revenue expansion in the coming years.
Despite headwinds, the company's focus on cost reduction, product diversification, and balance sheet strength positions it well for long-term success.

Hooker Furniture boosts margins and orders amidst sales decline

Hooker Furniture navigated challenges with sales decline through improved margins and operational efficiencies.
Strong performance in operating income and increased orders demonstrate resilience and growth potential.
Cash generation and strategic financial management position the company well for future opportunities.
Addressing challenges in specific segments while capitalizing on growth prospects will be key for sustained success.

Hooker Furniture boosts profitability amidst sales decline, eyes strategic growth

Hooker Furniture navigated challenging market conditions in fiscal 2024, focusing on profitability amidst declining sales.
Management's strategic initiatives and financial stability position the company for future growth opportunities.
Despite industry headwinds, Hooker Furniture remains cautiously optimistic, leveraging strengths to address challenges and pursue growth.
Operational efficiency, cost management, and strategic planning are key drivers for Hooker Furniture's resilience and potential future success.

Hooker Furniture addresses challenges, eyes growth through cost reduction

Hooker Furniture faces challenges from industry-wide weak demand but is focused on cost reduction and strategic adjustments to return to profitability.
The company's financial performance in Q1 2025 showed a decrease in net sales, operating loss, and net loss, prompting a focus on preserving capital and driving sales.
Opportunities for growth include implementing cost reduction plans, enhancing collaboration across brands, and investing in growth initiatives.
Maintaining pricing strategies, tracking showroom foot traffic, and focusing on process improvements are key strengths for Hooker Furniture.

Hooker Furniture reports Q2 losses, eyes growth amid market shifts

Hooker Furniture faces challenges with declining net sales and operating losses but shows strengths in cost reduction efforts and strategic leadership changes.
Opportunities lie in market expansion, efficiency improvements, and leveraging positive housing market trends for future growth.
Overall, the company aims to navigate challenges, capitalize on opportunities, and drive profitability through strategic initiatives and financial stability.

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Hooker Furnishings Corp. engages in the design, market, and import of wooden and metal furniture, leather furniture, fabric-upholstered furniture, and outdoor furniture. It operates its business through the following business segments: Hooker Branded, Home Meridian, Domestic Upholstery, and All Other. The Hooker Branded segment refers to the operations of its imported Hooker Casegoods and Hooker Upholstery businesses. The Home Meridian segment relates to Pulaski Furniture, Samuel Lawrence Furniture, and Prime Resources International. The Domestic Upholstery segment refers to the domestic upholstery manufacturing operations of Bradington-Young, HF Custom, Shenandoah Furniture, and Sunset West. The All Other segment includes H Contract and Lifestyle brands. The company was founded in 1924 and is headquartered in Martinsville, VA.

Shares of Hooker Furniture (NASDAQ:HOFT) were flat in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 180.00% over the past year to $0.84, which beat the estimate of $0.60.

Hooker Furniture: Q3 Earnings Insights

MARTINSVILLE, Va., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $149.7 million and net income of $10 million, or $0.84 per diluted share, for its fiscal 2021 third quarter ended November 1, 2020.

Hooker Furniture Corporation Reports Robust Profitability in Third Quarter

MARTINSVILLE, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) announced that on December 2, 2020, its board of directors declared a quarterly cash dividend of $0.18 per share, payable on December 31, 2020 to shareholders of record at December 16, 2020. This represents a 12.5% increase over the previous quarterly dividend and the fifth consecutive annual dividend increase.

Hooker Furniture Declares Increased Quarterly Dividend

MARTINSVILLE, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (Nasdaq-GS:HOFT) will present its fiscal 2021 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 10, 2020 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877.665.2466 and the number for international callers is 678.894.3031. The conference ID number is 9423979.

Hooker Furniture to Host Third Quarter Earnings Call on December 10

HIGH POINT, N.C., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Home Meridian International (HMI), a division of Hooker Furniture Corporation based here, will consolidate its East Coast warehousing operations in a new 800,000-square-foot distribution facility in Liberty County, Georgia strategically located near the Port of Savannah. The state-of-the-art distribution center is expected to be fully operational by Fall of 2021, the company said. The division also maintains a West Coast distribution facility in Redlands, CA which is expected to be unaffected by the East Coast consolidation.

Hooker Furniture’s HMI Division to Open Central Distribution Center in Georgia

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Hooker Furniture Corporation (HOFT) CEO Paul Toms on Q2 2021 Results - Earnings Call Transcript

Hooker Furniture: Record Housing Leads To 37% Gain In EPS In The Second Quarter

MARTINSVILLE, Va., Sept.  03, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $130.5 million and net income of $5.8 million, or $0.48 per diluted share, for its fiscal 2021 second quarter ended August 2, 2020.

Orders Rebound, Earnings Increase During Hooker Furniture’s Second Quarter

Hooker Furniture (NASDAQ: HOFT) announces its next round of earnings this Thursday, September 03.

Earnings Outlook For Hooker Furniture

Record existing home sales in June and housing starts in July creating huge demand for residential furniture, and 100% upside for this stock with an odd name.

Hooker Furniture: Ready For Record Housing Market With 100% Upside, Thanks to P/E Of 5.4x, FCF Yield Of 17.6%, 31% Net Cash

MARTINSVILLE, Va., Aug.  14, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (Nasdaq-GS:HOFT) will present its fiscal 2021 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 3, 2020 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877.665.2466 and the number for international callers is 678.894.3031. The conference ID number is 6511379.

Hooker Furniture to Host Second Quarter Earnings Call September 3

MARTINSVILLE, Va., July  27, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported finalized financial results for its fiscal 2021 first quarter which ended May 3, 2020. The Company reported preliminary results on June 12, 2020 which did not include expected non-cash impairment charges on its intangible assets.   

Hooker Furniture Finalizes Q1 Financial Results

Hooker Furniture: Steady Dividend Growth With Rising Demand

Hooker Furniture appoints first non-family member as CEO to navigate the turbulent virus.

Hooker Furniture: Crafting The Future

MARTINSVILLE, Va., June  19, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS:HOFT) announced that the Board of Directors has elected Jeremy Hoff as the next Chief Executive Officer of the Company, effective January 31, 2021 when Paul Toms plans to retire. Toms will remain as Chairman of the Board.

Hooker Furniture Corporation Board Elects Jeremy Hoff to Succeed Paul Toms as CEO; Toms Retirement Set for 2021

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Hooker Furniture Corp (HOFT) CEO Paul Toms on Q1 2021 Results - Earnings Call Transcript

Hooker Furniture (HOFT) preliminary earnings for the furniture retail company's fiscal first quarter of 2021 have HOFT stock down on Friday.
The post Hooker Furniture Earnings: HOFT Stock Ticks 2% Lower on Surprise Loss appeared first on InvestorPlace.

Hooker Furniture Earnings: HOFT Stock Ticks 2% Lower on Surprise Loss

MARTINSVILLE, Va., June  12, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported its preliminary financial results for its fiscal 2021 first quarter.

Hooker Furniture Reports Preliminary Results for First Quarter During February-April COVID Crisis

MARTINSVILLE, Va., June  03, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture (Nasdaq-GS:HOFT) announced that due to the COVID-19 pandemic and related recommendations, protocols and orders issued by public health authorities and federal, state and local governments, it will provide remote telephonic access (listen only) to its annual meeting of shareholders on June 11, 2020 at 1 p.m. Due to the COVID-19 pandemic, the Company strongly discourages in-person shareholder attendance for shareholders wishing only to listen to the meeting and strongly encourages shareholders who wish to listen to the meeting to utilize the remote, telephonic option.

Hooker Furniture Provides, Encourages Remote Access to Its Annual Meeting of Shareholders

Hooker Furniture Corporation (HOFT) CEO Paul Toms on Q4 2020 Results - Earnings Call Transcript

MARTINSVILLE, Va., March  03, 2020  (GLOBE NEWSWIRE) -- Hooker Furniture (Nasdaq-GS:HOFT) announced that on March 2, 2020, its board of directors declared a quarterly cash dividend of  $0.16 per share, payable on March 31, 2020, to shareholders of record at March 17, 2020.

Hooker Furniture Declares  - Quarterly Dividend

Hooker Furniture Corporation (HOFT) CEO Paul Toms on Q3 2020 Results - Earnings Call Transcript

Hooker Furniture (HOFT) hasn't done very well this year. In fact, the stock hasn't been this low since 2016.

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