Hooker Furnishings Corporation reports news on its home furnishings business, including operating results, segment performance and product categories sold into residential, hospitality and contract markets. The company designs, markets and imports casegoods, leather furniture, fabric-upholstered furniture, lighting, accessories and home décor, and it domestically manufactures premium custom leather, custom fabric-upholstered and outdoor furniture.
Recurring developments for HOFT include updates on Hooker Branded, Domestic Upholstery and the All Other category that includes Samuel Lawrence Hospitality. Company news also covers dividends, shareholder-return actions, board and governance matters, cost and margin initiatives, and portfolio changes, including the completed divestiture of Pulaski Furniture and Samuel Lawrence Furniture.
Hooker Furniture (HOFT) delivered 2Q27 revenue of $63.3M, operating income of $1.3M and EPS of $0.16 versus Stonegate/consensus EPS estimates of $0.01/($0.02).
Revenue compared with Stonegate/consensus forecasts of $65.2M/$62.3M and operating income with $0.1M/($0.7)M. Consolidated gross margin expanded 690 bps year over year to 31.8%, largely from tariff-related cost of goods sold recoveries. Excluding approximately $4.3M of COGS recoveries and $0.5M of customer credits, Stonegate calculates a normalized gross margin of about 25.6%, still roughly 70 bps higher year over year. Tariff-adjusted gross margin improved about 340 bps at Hooker Branded and 150 bps at Domestic Upholstery.
Backlog rose 6.2% year over year, with Hooker Branded up 34.7% and Domestic Upholstery up 4.8%. Combined Hooker Branded and Domestic backlog reached about $41.4M, up roughly 18% year over year, while All Other backlog declined on hospitality-project timing. Margaritaville has entered shipment conversion with about 100 in-store galleries and 10 freestanding stores committed. Management does not expect a near-term industry recovery but still anticipates better 2H27 results than last year.
Hooker Furnishings (HOFT) reported a profitable fiscal 2027 second quarter ended August 2, 2026, driven largely by tariff recoveries and prior cost reductions.
Consolidated net sales declined by 8.7% to reflect a $6.0 million decrease in the quarter and fell 5.5%, or $7.7 million, in the first half. Operating income reached $1.3 million in Q2 and $2.9 million in the first six months, compared with operating losses of $0.5 million and $1.0 million in the prior-year periods. Net income was $1.7 million, a $4.9 million improvement year over year and the third consecutive profitable quarter.
The Company received $7.9 million in tariff recoveries, strengthened its balance sheet to $18.7 million in cash with no term loan balance, reduced inventory to $43.4 million, and increased backlog by 6.2% year over year and 8.4% sequentially.
Hooker Furnishings (HOFT) declared a quarterly cash dividend of $0.115 per share on September 3, 2026, payable on September 30, 2026, to shareholders of record as of September 15, 2026.
The company designs, imports and manufactures furniture and home décor for residential, hospitality and contract markets through multiple brands and divisions.
Hooker Furnishings (Nasdaq-GS: HOFT) will host a teleconference and live webcast to present its fiscal 2027 second quarter financial results on Friday, September 11, 2026 at 9:00 AM Eastern Time. The webcast will be accessible via the Investor Relations section of the company’s website and archived for replay. Phone participants must register online to receive dial‑in details and are encouraged to join 15 minutes early. The fiscal 2027 second quarter covered the period from May 4, 2026 to August 2, 2026. Hooker Furnishings designs, markets, imports and manufactures casegoods, leather, fabric-upholstered and outdoor furniture for residential, hospitality, contract and senior living markets.
Hooker Furnishings (NASDAQ: HOFT) reported fiscal 2027 Q1 operating income of $1.6 million, versus a prior-year loss, and net income of $1.1 million ($0.10 per share). Consolidated net sales fell 2.4%, but gross profit rose $2.7 million and gross margin improved 440 bps.
Hooker Branded delivered $1.2 million operating income with a 960 bps margin gain; All Other sales grew 11.7% and generated $1.1 million operating income. Cash increased to $10.6 million with no term loan and $54.2 million of available borrowing capacity. The company began a $5 million share repurchase program and continued dividends while maintaining a cautious outlook amid soft demand and tariff uncertainty.
Hooker Furnishings (Nasdaq: HOFT) declared a quarterly cash dividend of $0.115 per share. The dividend is payable on June 30, 2026 to shareholders of record as of June 19, 2026. The company designs, manufactures, imports, and distributes a wide range of residential, hospitality, and contract furniture.
Hooker Furnishings (Nasdaq: HOFT) will host a teleconference and live webcast to discuss fiscal 2027 first quarter results on June 11, 2026 at 9:00 AM ET. The quarter ran from February 2, 2026 to May 3, 2026.
The company designs, markets, imports and manufactures casegoods, upholstered, leather and outdoor furniture for residential, hospitality and contract markets, operating facilities in Virginia, North Carolina, California and Vietnam, with showrooms in High Point, Las Vegas and Atlanta.
Hooker Furnishings (NASDAQ: HOFT) reported fiscal 2026 Q4 net income of $0.54 million on net sales of $67.0 million (down 20.5% YoY) and fiscal 2026 net sales of $278.1 million (down 12.4% YoY). The year included $15.6 million non‑cash impairment charges and divestitures of Pulaski and Samuel Lawrence.
Management cited $26.3 million in fixed cost reductions, gross margin expansion, reduced inventory to $48.7 million, year‑end cash of $1.1 million, and a Board authorization to repurchase up to $5 million of shares.
Hooker Furnishings (Nasdaq: HOFT) will present fiscal 2026 fourth quarter and full year results via teleconference and live webcast on April 16, 2026 at 9:00 AM ET. A live webcast will be on the company Investor Relations events page and the call will be archived for replay.
Fiscal 2026 ran Feb 3, 2025–Feb 1, 2026; Q4 ran Nov 3, 2025–Feb 1, 2026. For participant dial-in, registrants receive call details; callers are encouraged to join 15 minutes early.
Hooker Furnishings (Nasdaq: HOFT) declared a quarterly cash dividend of $0.115 per share on March 5, 2026. The dividend is payable on March 31, 2026 to shareholders of record on March 16, 2026.
Hooker Furnishings designs, markets and manufactures residential, hospitality and contract furniture, with operations in the U.S. and Vietnam and multiple brand lines including Hooker Furniture, Bradington-Young, HF Custom and Sunset West.