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May 04, 2025
Hooker Furnishings Q1 2026 Earnings Report
Hooker Furnishings reported a narrowed net loss and improved margins in Q1 2026 despite a decline in revenue.
Key Takeaways
The company reduced its operating loss by 31% and improved gross margins, even as revenue declined 8.8% year-over-year. Strategic cost-saving initiatives and a new warehouse in Vietnam contributed to operational improvements.
Revenue declined to $85.3 million due to reduced demand and customer loss in the Home Meridian segment.
Net loss narrowed to $3.1 million, compared to $4.1 million the previous year.
Gross margin improved by 180 basis points despite lower sales volume.
Cost-saving programs contributed $2.2 million in reduced operating expenses.
Revenue by Segment
Forward Guidance
Hooker expects to realize $14M in net cost savings in FY26 and achieve $25M in annualized savings by FY27, while continuing to face challenges from the housing market and consumer sentiment.
Positive Outlook
- Vietnam warehouse expected to cut lead times to 4–6 weeks.
- Cost reduction initiatives targeting $25M annual savings by FY27.
- Collected Living and Margaritaville collections gaining market traction.
- Legacy brand orders rose 33% in May YoY.
- No impact to strategic growth priorities despite restructuring.
Challenges Ahead
- Housing market remains weak, suppressing furniture demand.
- High mortgage rates and low mobility hurt customer purchasing.
- Consumer confidence near historic lows.
- Tariff uncertainty on Vietnam imports remains unresolved.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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