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.

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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.

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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.

Hooker Furniture is experiencing some disruption issues in its supply chain activity. However, these are transitory and won't have a significant impact in the long run.

Hooker Furniture: Cheaply Valued Due To Short-Term Headwinds

Hooker is up 27% since our initial recommendation and we see a further 108% upside.

Hooker Furniture: Second Quarter Sales Up Double Digits, Record Backlog, Stock Has Upside Of 100%

Hooker Furniture Corp (HOFT) CEO Jeremy Hoff on Q2 2022 Results - Earnings Call Transcript

Hooker Furniture Corp (NASDAQ: HOFT) reported second-quarter FY22 sales growth of 25% year-on-year, to $162.5 million, beating the analyst consensus of $159.1 million. Net sales from Hooker Branded segment increased by 29% Y/Y, Home Meridian rose 23%, and Domestic Upholstery gained 28.7%.

Hooker Furniture Reports Mixed Q2 Results, Warns On Supply Headwinds

MARTINSVILLE, Va., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $162.5 million for its fiscal 2022 second quarter ended August 1, 2021, a $32.0 million, or 25%, increase compared to the prior year period.

Hooker Furniture Achieves Double-Digit Sales, Income Gains in Second Quarter

HOFT is set to give its latest quarterly earnings report on Thursday , 2021-09-09. Here's what investors need to know before the announcement.

Earnings Preview: Hooker Furniture

MARTINSVILLE, Va., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture (Nasdaq-GS:HOFT) announced that on September 2, 2021, its board of directors declared a quarterly cash dividend of $0.18 per share, payable on September 30, 2021, to shareholders of record at September 16, 2021.

Hooker Furniture Declares Quarterly Dividend

Today, we take a deeper look at Hooker Furniture. This name is benefiting from a recovering economy as well as migration to the exurbs. Second-quarter results should hit soon. The company posted rock-solid results for Q1, has a great balance sheet and a decent dividend as well.

Hooker Furniture: A Cheap Stock In An Overvalued Market

MARTINSVILLE, Va., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (Nasdaq-GS: HOFT) will present its fiscal 2022 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 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 6962007.

Hooker Furniture to Host Second Quarter Earnings Call September 9th

We see Hooker Furniture having 60% total return potential [on top of the 82% return so far since we initiated coverage]. Strong order growth leading to record high backlog +206% YoY, equal to 2 months' worth of sales.

Hooker Furniture: Record Results And Backlog, Earnings Beat Equals High Upside

Hooker Furniture Corporation (HOFT) CEO Jeremy Hoff on Q1 2022 Results - Earnings Call Transcript

Shares of Hooker Furniture (NASDAQ:HOFT) rose 2.0% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 966.67% year over year to $0.78, which beat the estimate of $0.21.

Hooker Furniture: Q1 Earnings Insights

MARTINSVILLE, Va., June 04, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $162.9 million for its fiscal 2022 first quarter ended May 2, 2021, a $58.3 million, or 56%, increase compared to the year-ago period.

Hooker Furniture Corporation Exceeds Pre-Pandemic Growth Pace With Sales, Profitability Gains and Brisk Demand in First Quarter

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5 Stocks To Watch For June 4, 2021

On Friday, June 04, Hooker Furniture (NASDAQ:HOFT) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

A Preview Of Hooker Furniture's Earnings

MARTINSVILLE, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (Nasdaq-GS: HOFT) will present its fiscal 2022 first quarter financial results via teleconference and live internet web cast on Friday morning, June 4, 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 6963179.

Hooker Furniture to Host First Quarter Earnings Call June 4th

We see Hooker Furniture having a total return potential of 47% [in the past, Hooker Furniture has gone up 62% since we initiated coverage].

Hooker Furniture: 13% FCF Yield, 7.3x P/E And 22% Net Cash

Hooker Furniture Corporation (HOFT) CEO Jeremy Hoff on Q4 2021 Results - Earnings Call Transcript

MARTINSVILLE, Va., April 14, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales for the fiscal 2021 fourth quarter of $155.3 million, with net income of $8.5 million, a $1.5 million or 22% increase compared to net income in the fourth quarter a year ago. Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.

Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs

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Hooker Furniture (NASDAQ:HOFT) announces its next round of earnings this Wednesday, April 14. Here is Benzinga's look at Hooker Furniture's Q4 earnings report.

Hooker Furniture's Earnings Outlook

Furniture manufacturer Hooker Furniture Corporation (NASDAQ:HOFT) will present its fourth quarter financial results on Wednesday, April 14.

When Would Be the Best Time to Purchase Hooker Furniture Stock?

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MARTINSVILLE, Va., March 11, 2021 (GLOBE NEWSWIRE) -- Maria Duey, a senior financial executive with over 20 years of experience in mergers and acquisitions and investor relations at publicly-traded global manufacturing companies, has joined the Board of Directors of Hooker Furniture Corporation (NASDAQ-GS:HOFT) based here.

News for Hooker Furniture Stock (HOFT)