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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.
Q4 revenue rose to $104.5M, helped by an extra week of operations.
Home Meridian and Hooker Branded segments posted double-digit sales growth.
Reported a net loss of $2.3M, impacted by $3.1M in one-time charges.
Announced $18–$20M in expected annualized cost savings by FY27.
The company anticipates operational improvements from planned cost reductions and logistics efficiencies, though macroeconomic headwinds persist.
Visualization of income flow from segment revenue to net income