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.

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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. - April 15, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q4 2023

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Furniture stocks The Lovesac Company NASDAQ: LOVE and Hooker Furnishings NASDAQ: HOFT are lower following their Q4 reports opening a buy-the-dip opportunity. Near-term headwinds hamper these stocks, but they are rapidly improving their operational quality and building leverage for a rebound expected to begin soon.

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Hooker Furnishings Corporation (NASDAQ:HOFT ) Q4 2024 Earnings Conference Call April 11, 2024 9:00 AM ET Company Participants Jeremy Hoff - CEO Paul Huckfeldt - CFO Conference Call Participants Anthony Lebiedzinski - Sidoti Dave Storms - Stonegate John Deysher - Pinnacle Operator Hello, and thank you for standing by. Welcome to Hooker Furnishings Fourth Quarter 2024 Earnings Webcast.

Hooker Furnishings Corporation (HOFT) Q4 2024 Earnings Call Transcript

Hooker Furniture (HOFT) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.13 per share a year ago.

Hooker Furniture (HOFT) Misses Q4 Earnings and Revenue Estimates

MARTINSVILLE, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for 100 years, today reported operating results for its fiscal 2024 fourth quarter and full year ended January 28, 2024.

Hooker Furnishings Reports Improved Profitability in 2024 Fiscal Year

Hooker Furnishings (HOFT) fourth-quarter fiscal 2024 performance is expected to be hurt by soft demand for home furnishings space.

What's in Store for Hooker Furnishings (HOFT) in Q4 Earnings?

Hooker Furniture (HOFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Hooker Furniture (HOFT) to Report a Decline in Earnings: What to Look Out for

Dallas, Texas--(Newsfile Corp. - March 25, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT) To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Macroeconomic headwinds causing short term headwinds Strong dividend yield of 4.1% Orders improve year over year with strong backlog Click image above to view full announcement.

Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q3 2023 Update

MARTINSVILLE, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2024 fourth quarter and full year financial results via teleconference and live internet web cast on Thursday morning, April 11, 2024 at 9:00 AM Eastern Time.

Hooker Furnishings to Host Fourth Quarter and Full Year Earnings Call April 11th

MARTINSVILLE, Va., March 05, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on March 4, 2024, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on March 29, 2024 to shareholders of record at March 18, 2024.

Hooker Furnishings Declares Quarterly Dividend

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MARTINSVILLE, Va., Jan. 08, 2024 (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 announced that Jeremy Hoff, Chief Executive Officer and Director, and Paul Huckfeldt, Chief Financial Officer, will present to investors at the Water Tower Research Furniture/Furnishings Virtual Conference at 1:00 p.m. Eastern Time on January 17, 2024. To register for the presentation, please visit Furniture/Furnishings Virtual Conference 2024 registration.

Hooker Furnishings to Present at the Water Tower Research Furniture/Furnishings Virtual Conference January 17

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News for Hooker Furniture Stock (HOFT)