Loading...
•
Aug 03
Hooker Furnishings Q2 2026 Earnings Report
Hooker Furnishings reported a net loss and a decline in revenue as macroeconomic headwinds and restructuring efforts impacted results.
Key Takeaways
Hooker Furnishings posted a $3.3M net loss in Q2 2026 as revenue dropped 13.6% due to weakness at Home Meridian. The company is progressing with cost-cutting plans to return to profitability.
Net sales fell 13.6% YoY to $82.1M, driven by a 44.5% drop at Home Meridian.
Company recorded a net loss of $3.3M and an operating loss of $4.4M.
Hooker Branded broke even, while Domestic Upholstery reduced losses by nearly 70%.
Cost reduction initiatives are on track to eliminate $25M in annual fixed costs by FY27.
Hooker Furnishings
Hooker Furnishings
Hooker Furnishings Revenue by Segment
Revenue by Segment
Hooker Branded Revenue
CapyFin.comHome Meridian Revenue
CapyFin.comDomestic Upholstery Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
The company expects performance to improve as cost reductions take effect, and demand recovers in the housing market.
Positive Outlook
- New expense structure on track to be completed by Q3 FY26.
- Vietnam warehouse reducing lead times and boosting efficiency.
- Upcoming Margaritaville product launch expected in October.
- Debt reduced by $16.5M year-to-date, preserving liquidity.
- Order momentum: +11% at Hooker Branded, +2% at Domestic Upholstery.
Challenges Ahead
- Home Meridian still under pressure from weak demand and tariffs.
- Overall revenue down significantly due to segment declines.
- Customer bankruptcy materially impacted sales at HMI.
- Tariff uncertainty remains a risk, especially from Vietnam imports.
- Industry-wide headwinds from weak housing market and high mortgage rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income