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 Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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

Earnings data Q4 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.

Hooker Furniture reports Q3 losses, focuses on efficiency and growth

Despite a decrease in net sales and reported losses, Hooker Furniture is making progress in improving core business profitability and preparing for future demand. Challenges exist in declining sales in key segments, but the company is focused on efficiency and growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

MARTINSVILLE, Va., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT), a global leader in the design, production and marketing of home furnishings for nearly a century, today reported results for its fiscal-year 2023 third quarter ended October 30, 2022.

Hooker Furnishings Achieves Sales, Income Gains in Third Quarter

MARTINSVILLE, Va., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2023 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 8, 2022 at 9:00 AM Eastern Time. A live webcast of the call will be available on the Investor Relations page of the Company's website at https://investors.hookerfurnishings.com/events and archived for replay. To access the call by phone, participants should go to this link (registration link) and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call fifteen minutes ahead of the scheduled start time.

Hooker Furnishings to Host Third Quarter Earnings Call December 8th

MARTINSVILLE, Va., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Chris Henson, a senior executive who helped BB&T Corp. grow from a small North Carolina regional bank to the 8th largest US bank in 2019, is joining the Board of Directors of Hooker Furnishings Corp. (NASDAQ – GS:HOFT).

Chris Henson Joins Hooker Furnishings Corp. Board of Directors

HOFT is benefiting from a rapidly growing domestic upholstery business that doesn't depend on Chinese supply and is less cost intensive due to its proximity to markets. There is both organic and inorganic growth in the domestic business that offsets losses of scale in businesses that saw a lot of revenue pull-forward during COVID-19.

Hooker Furnishings Saved By Domestic Upholstery Contribution

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q2 2023 Earnings Conference Call September 8, 2022 9:00 AM ET Company Participants Paul Huckfeldt - Senior Vice President and Chief Financial Officer Jeremy Hoff - Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti JP Geygan - Global Value Investment Corp John Deysher - Pinnacle Value Fund Operator Good day and thank you for standing by. Welcome to the Hooker Furnishings Second Quarter 2023 Earnings Webcast.

Hooker Furnishings Corporation (HOFT) Q2 2023 Earnings Call Transcript

Hooker Furnishings Reports Positive Momentum in Fiscal 2023 Second Quarter

Arbor Realty Trust

Agnico Eagle Mines

Alico

Ally Financial

Yamana Gold

Best Buy

Big 5 Sporting Goods

Escalade

Fidelity National Financial

Gilead Sciences

Leggett & Platt

Lennox International

Masco

Medifast

MPLX

Pan American Silver

Prudential Financial

Sirius XM Holdings Inc

Universal Corp

Vici Properties

Whirlpool

Western Union

June 2022, The AAII Journal listed two sets of stocks sorted as: High-Yielding Dividend Payers, and Biggest Rising Dividend Payers. Those two articles revealed 40 dividend-paying-equities. The American Association of Individual Investors (AAII) is an independent non-profit corporation assisting individual investors through programs of education, information, and research.

14 June High-Yield And High-Rising Dividend Dogs Ready To Buy

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q1 2023 Earnings Conference Call June 9, 2022 9:00 AM ET Company Participants Jeremy Hoff - Chief Executive Officer and Director Paul Huckfeldt - Vice President, Finance and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Sandy Mehta - Evaluate Research Operator Greetings, ladies and gentlemen, and welcome to the Hooker Furnishings Quarterly Investor Conference Call Reporting its Operating Results for the First Quarter 2023 Earnings. At this time, all participants are in a listen-only mode.

Hooker Furnishings Corporation (HOFT) CEO Jeremy Hoff on Q1 2023 Results - Earnings Call Transcript

MARTINSVILLE, Va., June 09, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $147.3 million for its fiscal 2023 first quarter ended May 1, 2022, a $15.5 million, or 9.5%, decrease as compared to a year ago.

Hooker Furnishings Reports First Quarter Fiscal 2023 Results

MARTINSVILLE, Va., May 26, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2023 first quarter financial results via teleconference and live internet web cast on Thursday morning, June 9, 2022 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 3638298.

Hooker Furnishings to Host First Quarter Earnings Call June 9th

Martinsville, Virginia--(Newsfile Corp. - April 27, 2022) - Hooker Furnishings Corporation (NASDAQ: HOFT) today announced that Jeremy Hoff, CEO, and Paul Huckfeldt, CFO, will present at The Q2 Investor Summit Group - In-Person. During the presentation, Hooker's management team will give an overview of the Company's history, structure, growth strategies and initiatives. The presentation will be webcast and an archived recording will be made available in the Investors' section of the HookerFurnishings.com website.Event: ...

Hooker Furnishings Corporation to present at The Investor Summit Group's Q2 In-Person Conference on May 4th

Hooker had a poor quarter, with EPS missing expectations. Still undervalued with an ex-cash P/E of 4.5x, with 44% net cash.

Hooker Furnishings: Weak Quarter, Net Cash 44% Of Market Cap; Strong Backlog

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q4 2022 Earnings Conference Call April 13, 2022 9:00 AM ET Company Participants Jeremy Hoff - Chief Executive Officer and Director Paul Huckfeldt - Vice President, Finance and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Sandy Mehta - Evaluate Research Barry Haimes - Sage Asset Management John Deysher - Pinnacle Jeff Geygan - Global Value Investment Operator Greetings, ladies and gentlemen. And welcome to the Hooker Furniture Quarterly Investor Conference Call reporting its operating results for the Fourth Quarter 2022 [Operator Instructions].

Hooker Furnishings Corporation (HOFT) CEO Jeremy Hoff on Q4 2022 Results - Earnings Call Transcript

MARTINSVILLE, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $593.6 million for its 2022 fiscal year ended January 30, 2022, a $53.5 million, or 9.9%, increase compared to a year ago.

Hooker Furnishings Reports Sales & Earnings for 2022 Fiscal Year

MARTINSVILLE, Va., April 06, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2022 fourth quarter financial results via teleconference and live internet web cast on Wednesday morning, April 13, 2022 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 5331177.

Hooker Furnishings to Host Fourth Quarter Earnings Call April 13th

Hooker Furnishings has had a rough few years, but data for the current fiscal year is looking bullish.

Hooker Furnishings: Shopping For Value

BioDelivery Sciences

CURO Group Hlds

When seeking value opportunities, investors could be interested in the following stocks, since their prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based discounted cash flow (DCF) calculator.

3 Potential Value Opportunities to Consider

MARTINSVILLE, Va., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Hooker Furnishings (NASDAQ: HOFT) announced to today that it has completed the acquisition of Sunset West, a leading west coast-based manufacturer of outdoor furniture, in an all-cash transaction. The deal enables Hooker Furnishings to immediately gain market share in the growing outdoor furniture segment of the industry with one of the most respected brands in the category.

Hooker Furnishings Enters Outdoor Category With Acquisition of Sunset West

AbbVie

Abbott Labs

Alexandria Real Estate Equities

Broadcom

C.H. Robinson Worldwide

Edison

Enbridge

Erie Indemnity

Mid-America Apartment Communities

Pfizer

SPDR S&P 500 ETF Trust

Stryker

Hanover Insurance Group

Trinity Industries

Union Pacific

W. P. Carey

Zoetis

In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases.

Dividend Increases: December 4-10, 2021

Hooker had a poor quarter, with revenues and EPS missing expectations. Supply chain headwinds impacting short-term, record +300% backlogs positive intermediate-term.

Hooker Furniture: Weak Quarter On Short-Term Issues, Backlog Up +300%, Dividend Raised To 3.5% Yield

Hooker Furnishings Corporation (HOFT) CEO Jeremy Hoff on Q3 2022 Results - Earnings Call Transcript

MARTINSVILLE, Va., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $133.4 million for its fiscal 2022 third quarter ended October 31, 2021, a $16.3 million, or 11%, decrease compared to the prior year period.

Hooker Furnishings Reports Third Quarter Results

MARTINSVILLE, Va., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2022 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 9, 2021 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 1241039.

Hooker Furnishings to Host Third Quarter Earnings Call December 9th

A company that has recently shown up on my radar is Hooker Furnishings Corp. ( HOFT , Financial). This enterprise designs, markets and sources home furnishings.

Hooker Furnishings Could Offer Growth and Value

MARTINSVILLE, Va., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Hooker Furnishings Corp. (NASDAQ-GS: HOFT) announces that Paul B. Toms Jr. is retiring as Chairman of the Board, effective immediately.

News for Hooker Furniture Stock (HOFT)