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.

Dallas, Texas--(Newsfile Corp. - September 13, 2023) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners initiates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Initiates Coverage on Hooker Furniture Corporation (HOFT)

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q2 2024 Earnings Conference Call September 8, 2023 9:00 AM ET Company Participants Paul Huckfeldt - Chief Financial Officer Jeremy Hoff - Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Dave Storms - Stonegate Budd Bugatch - Water Tower Research Barry Haimes - Sage Asset Management John Deysher - Pinnacle Value Fund Operator Good day, and thank you for standing by. Welcome to the Hooker Furnishings Second Quarter 2024 Earnings Webcast.

Hooker Furnishings Corporation (HOFT) Q2 2024 Earnings Call Transcript

Shares of Hooker Furnishings Corp. HOFT, +0.61% plunged 18% in light premarket trading Friday, putting them on track for the worst one-day performance since June 2019, after the maker of furniture and home decor products reported downbeat fiscal second-quarter results. “We believe the softer demand seen currently industry-wide is driven by retailers continuing to sell through over-inventoried positions and a short-term glut of heavily discounted home furnishings in the market,” said Chief Executive Jeremy Hoff.

Hooker Furnishings' stock tumbles toward worst day in 4 years as earnings hurt by retailers selling through ‘over-inventoried' furnishings

MARTINSVILLE, Va., Sept. 08, 2023 (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 operating results for its fiscal 2024 second quarter and first half ended July 30, 2023.

Hooker Furnishings Reports Second Quarter Sales and Earnings

MARTINSVILLE, Va., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2024 second quarter financial results via teleconference and live internet web cast on Friday morning, September 8, 2023 at 9:00 AM Eastern Time.

Hooker Furnishings to Host Second Quarter Earnings Call September 8th

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As the second quarter 2023 earnings season comes to a close, many analysts and investors are on a tight lookout for new developments and improvements within various sectors. With the real estate market slowing down amid the United State's FED interest rate hike paths as an attempt to combat rampant inflation levels, there were plenty of sub-industries in the value chain that began to face the challenges of such a slowdown.

Hooker Furnishings Discount To Book, A Value Play?

Hooker Furnishings (NASDAQ:HOFT ) Q1 2024 Earnings Conference Call June 8, 2023 9:00 AM ET Company Participants Paul Huckfeldt - SVP, Finance & Accounting and CFO Jeremy Hoff - CEO Conference Call Participants Anthony Lebiedzinski - Sidoti Barry Haimes - Sage Asset Management John Deysher - Pinnacle Value Operator Ladies and gentlemen, thank you for standing by. Welcome to the Hooker Furnishings Corporation's First Quarter 2024 Earnings Webcast.

Hooker Furnishings (HOFT) Q1 2024 Earnings Call Transcript

MARTINSVILLE, Va., June 08, 2023 (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 operating results for its fiscal 2024 first quarter ended April 30, 2023.

Hooker Furnishings Reports First Quarter Sales and Earnings; Additional Share Repurchase Authorization

MARTINSVILLE, Va., May 23, 2023 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2024 first quarter financial results via teleconference and live internet web cast on Thursday morning, June 8, 2023 at 9:00 AM Eastern Time.

Hooker Furnishings to Host First Quarter Earnings Call June 8th

Hooker Furnishings (HOFT) Q4 2023 Earnings Call Transcript

MARTINSVILLE, Va., April 14, 2023 (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 fourth quarter and full year ended January 29, 2023.

Hooker Furnishings Reports Fiscal 2023 Results

MARTINSVILLE, Va., April 14, 2023 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (the “Company”) (Nasdaq-GS: HOFT) will present its fiscal 2023 fourth quarter and full year financial results via teleconference and live internet web cast on Wednesday morning, April 19, 2023 at 9:00 AM Eastern Time. The call was originally scheduled for April 13th, but was delayed in order to allow additional time for the Company to finalize the calculation of the non-cash charges related to the previously announced exit and restructuring of certain business units in its Home Meridian operating segment.

Hooker Furnishings to Host Fourth Quarter and Full Year Earnings Call April 19th

MARTINSVILLE, Va., April 12, 2023 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) said today that in light of the Company's announcement in its Current Report on Form 8-K filed today with the Securities and Exchange Commission, it has postponed the release of its fiscal 2023 financial results and conference call previously scheduled for Thursday, April 13, 2023, at 9:00 a.m. EST. The Company will announce its fiscal 2023 financial results and conference call schedule in a future press release.

Hooker Furnishings Announces Postponement of Fiscal 2023 Financial Results Release and Conference Call

MARTINSVILLE, Va., March 22, 2023 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2023 fourth quarter and full year financial results via teleconference and live internet web cast on Thursday morning, April 13, 2023 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 Fourth Quarter and Full Year Earnings Call April 13th

Net sales are stagnant as consumer demand is expected to slow down in the coming fiscal year. Despite recent improvements, profit margins remain depressed due to higher-than-usual freight costs.

Hooker Furnishings: A Good Opportunity For Long-Term Investors

Hooker Furnishings has held up surprisingly well in this environment, but profits and cash flows have experienced some weakness. Although disappointing, this doesn't mean the enterprise doesn't offer attractive upside.

Hooker Furnishings: Attractive Despite Potential Headwinds In The Near Term

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q3 2023 Earnings Conference Call December 8, 2022 9:00 AM ET Company Participants Jeremy Hoff - Chief Executive Officer Paul Huckfeldt - Senior Vice President, Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Greetings ladies and gentlemen, and welcome to the Hooker Furnishings quarterly investor conference call reporting its operating results for the fiscal 2023 third quarter. At this time, all participants are in a listen-only mode.

Hooker Furnishings (HOFT) Q3 2023 Earnings Call Transcript

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

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