Hooker Furnishings Earnings Reports

Hooker Furnishings saw an 8% rise in Q4 revenue to $104.5M due to an additional week and segment growth. However, the company posted a $2.3M net loss as operating expenses and one-time charges impacted profitability.

Hooker Furnishings' Q3 2025 results were impacted by multiple charges, but the company is encouraged by sequential quarterly improvement in core business profitability and progress in cost reduction efforts. Macro-economic improvements, such as cooling inflation and recent interest rate cuts, are expected to increase demand for furnishings.

Hooker Furnishings reported its fiscal 2025 second quarter operating results. Net sales increased in Home Meridian segment, driven by strong performance in its hospitality division. The company expects to realize 10% savings in fixed costs beginning in the second half of this fiscal year, for a total of a $10 million reduction.

Hooker Furnishings reported a challenging first quarter due to weak demand in the furniture industry, resulting in an operating loss. Sales decreased across all segments, but the company is implementing cost reduction plans and remains confident in returning to profitability as demand rebounds. The company is focusing on strategic initiatives and investments to gain market share.

Hooker Furnishings reported its Q4 and full year fiscal 2024 results, highlighting improved profitability and balance sheet strength despite a challenging year marked by soft demand and macroeconomic volatility. The company focused on restructuring its HMI business, made strategic investments, and continued its dividend payments.

Hooker Furnishings reported positive third-quarter results, driven by strategic growth initiatives and cost reduction efforts. Consolidated orders increased by 15.7%, and the company saw improvements from the Home Meridian segment. The company is cautiously optimistic about future performance amid mixed economic indicators.

Hooker Furnishings reported its fiscal 2024 second quarter results, highlighting progress in strengthening the balance sheet, reducing overhead, and focusing on strategic growth initiatives despite a tough business climate and the liquidation of excess inventories.

Hooker Furnishings reported exceeding internal and external expectations for sales and earnings in the first quarter, despite a softer retail environment and economic uncertainties. The company generated $22.4 million in cash during the quarter and is continuing to build cash as inventories are reduced. The new Hooker Legacy Showroom Grand Opening at the April High Point Market attracted new customers and the launch of the ‘M’ brand surpassed expectations.

Hooker Furnishings Corporation reported a decrease in consolidated net sales for the fiscal year and fourth quarter. A net loss was reported for the fourth quarter, attributed to an inventory write-down. The company is focusing on restructuring efforts and strategic initiatives to improve profitability.

Hooker Furnishings reported positive Q3 results with sales and income gains driven by operational improvements and backlog fulfillment, despite mixed economic indicators and potential headwinds.

Hooker Furnishings reported consolidated net sales of $152.9 million for its fiscal 2023 second quarter, a 5.9% decrease compared to the previous year. Net income was $5.5 million, or $0.46 per diluted share, down from $7.5 million, or $0.62 per diluted share in the prior year period. The company saw sales increases in two of its three segments and anticipates growth in all three segments in the second half of the year.

Hooker Furnishings reported a decrease in consolidated net sales and net income for the first quarter of fiscal 2023 compared to the prior year, primarily due to COVID-related factory shutdowns in Asia. However, sales improved by 9% over the fourth quarter of fiscal 2022, and operating income improved compared to the operating loss last quarter. The company is optimistic about improving conditions as casegoods production in Asia has reached full capacity.

Hooker Furnishings reported a 13.2% decrease in consolidated sales for the fourth quarter, resulting in a net loss of $4.0 million. The decline was primarily driven by lower sales in the Home Meridian and Hooker Branded segments, offset slightly by growth in Domestic Upholstery. Asian factory shutdowns and rising costs contributed to the negative results.

Hooker Furnishings reported a decrease in consolidated net sales by 11% to $133.4 million for the third quarter of fiscal year 2022, with a net loss of $1.2 million, or $0.10 per diluted share. The decline was primarily due to COVID-related factory closures in Vietnam and Malaysia, which significantly reduced shipments in the Home Meridian segment. The company faced challenges from ongoing supply chain disruptions and industry-wide inflationary pressures.

Hooker Furnishings reported a strong second quarter with double-digit increases in sales and profitability. Consolidated net sales increased by 25% to $162.5 million, and net income rose by 29% to $7.5 million, or $0.62 per diluted share. The company experienced growth across all three reportable segments, driven by strong consumer and retail demand.

Hooker Furniture Corporation reported record-high sales and earnings for its fiscal 2022 first quarter, with net sales of $162.9 million and net income of $9.4 million, or $0.78 per diluted share. The company surpassed its goal to return to the growth trajectory it was on prior to the global pandemic, with sales up 20% compared to the first quarter two years ago.

Hooker Furnishings reported consolidated net sales of $155.3 million for the fiscal 2021 fourth quarter, 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 Corporation 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. Consolidated net sales decreased by 5.4%, while net income increased 157.5%.

Hooker Furniture Corporation 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. Net sales decreased by 14.3%, or $21.7 million, compared to the prior year period, while net income increased 38.8%, or $1.6 million. Earnings per diluted share for the quarter increased 37.1% from $0.35 a year ago.

Hooker Furniture reported a decrease in net sales by 22.8% to $104.6 million and a net loss of $1.1 million, or $0.09 per share, for the first quarter of fiscal year 2021, impacted by the COVID-19 pandemic and related economic shutdown.

Hooker Furniture reported consolidated net sales of $164.9 million and net income of $7.0 million, or $0.59 per diluted share, for the fourth quarter of fiscal 2020. Net sales decreased $35.6 million, or 17.8%, compared to last year’s record fourth quarter sales, due to lower sales across all reportable segments and essentially flat sales in All Other. Net income decreased 52.2% compared to the prior-year quarter.