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Nov 02, 2025
Hooker Furnishings Q3 2026 Earnings Report
Hooker Furnishings reported a net loss and lower revenue in Q3 2026 amid industry headwinds and continued restructuring.
Key Takeaways
Hooker Furnishings faced a challenging Q3 with a significant net loss driven by impairment charges and restructuring costs. Revenue declined due to lower shipments in discontinued operations, though core segments showed stability and growth potential.
Revenue fell 14.4% YoY due to decreased shipments from discontinued operations.
Net loss of $21.2 million, primarily from non-cash impairment charges and restructuring costs.
Hooker Branded and Domestic Upholstery segments achieved modest sales and margin improvements.
Company launched a new $5M share repurchase program and reduced annual dividend by 50%.
Revenue by Segment
Forward Guidance
Hooker Furnishings expects improved profitability as it focuses on core brands and benefits from a streamlined cost structure.
Positive Outlook
- Order growth in branded segments for two consecutive quarters.
- $25M+ cost structure reduction completed.
- Strong retailer commitments for Margaritaville collection.
- More efficient warehouse operations to reduce tariffs and improve fulfillment.
- Divestiture of low-margin brands aligns focus on high-margin categories.
Challenges Ahead
- Continued macroeconomic headwinds in the home furnishings sector.
- Lower sales in discontinued operations weighed on total revenue.
- Non-cash impairments affected Q3 results.
- Inventory and cost absorption issues from lower volume.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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