Hooker Furnishings Corporation Stock Price, News & Analysis

Hooker Furnishings (NASDAQ: HOFT) reported Q1 FY2026 results showing continued operational improvements despite industry headwinds. The company reduced its operating loss by 31% to $3.6M and lowered operating expenses by $2.2M compared to the prior year. Consolidated net sales decreased 8.8% to $85.3M, though legacy brands remained stable. The company is executing a multi-phase cost reduction strategy targeting $25M in annual savings by FY2027. Notable achievements include opening a new Vietnam warehouse, reducing lead times from 6 months to 4-6 weeks, and maintaining steady market share gains in legacy brands. Despite challenges from housing market softness and import tariffs, May orders for Hooker legacy brands showed significant improvement, up 33% year-over-year, with Hooker Branded up 40% and Domestic Upholstery up 25%.

Hooker Furnishings (NASDAQ: HOFT) has declared a quarterly cash dividend of $0.23 per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The company, now in its 101st year, is a prominent designer, marketer, and importer of furniture and home décor products across multiple brands and price points. Their portfolio includes wooden and metal furniture, leather and fabric-upholstered furniture, lighting, and accessories for residential, hospitality, and contract markets. Key brands include Hooker Furniture, Bradington-Young, HF Custom, Pulaski Furniture, and Sunset West, with operations spanning manufacturing facilities in Virginia, North Carolina, and California, along with showrooms in major cities and distribution centers in the US and Vietnam.

Hooker Furnishings (NASDAQ: HOFT) has scheduled its fiscal 2026 first quarter earnings conference call for June 12, 2025, at 9:00 AM ET. The quarter covered the period from February 3, 2025, to May 4, 2025. The company, now in its 101st year, is a prominent designer, marketer, and importer of furniture and home décor products.

Hooker Furnishings operates through multiple brands including Hooker Furniture, Bradington-Young, HF Custom, Shenandoah Furniture, and Home Meridian. The company's product portfolio spans casegoods, leather furniture, upholstered furniture, and outdoor furniture across various price points. Manufacturing facilities are located in Virginia, North Carolina, and California, with distribution centers in Virginia, North Carolina, Georgia, and Vietnam.

Hooker Furniture (NASDAQ: HOFT) reported Q4 FY25 results with revenue of $104.5M, representing a 7.9% year-over-year increase from $96.8M, slightly exceeding consensus estimates. Despite challenging macroeconomic conditions, the company achieved a consolidated gross profit margin of 23.3%, marking a 30 basis points increase quarter-over-quarter.

However, the company posted an operating loss of ($2.7M) and adjusted EPS of ($0.22), falling below analyst expectations. HOFT has successfully reduced fixed costs by 10% (approximately $10.0M) and targets an additional $10.0M in cost savings through the Savannah warehouse exit and other initiatives, with full realization expected by FY27. The company also reduced debt levels from $76.3M to $70.3M over FY25.

Hooker Furnishings (NASDAQ: HOFT) reported mixed results for Q4 fiscal 2025. Net sales increased 8% to $104.5 million, primarily due to an additional week in the quarter. The company recorded a consolidated operating loss of $2.7 million and net loss of $2.3 million ($0.22 per share).

Q4 charges totaled $3.1 million, including inventory write-downs, tradename impairment, and bad debt expenses. For full-year fiscal 2025, sales decreased 8.3% to $397.5 million with a net loss of $12.5 million.

The company announced additional cost-saving initiatives, including:

• Expected fiscal 2026 savings of $0.8-1.0 million from Savannah warehouse exit
• Anticipated annual savings of $4.0-5.7 million beginning fiscal 2027
• Total planned cost savings of $18-20 million annually once fully implemented

Despite challenges, Hooker reported market share growth of 3-15 basis points in its Legacy divisions through Q3 FY2025. The company maintained its dividend payment, extending its 50+ year track record of uninterrupted dividends.

Hooker Furnishings (Nasdaq-GS: HOFT) has announced its upcoming fiscal 2025 fourth quarter and full year financial results presentation, scheduled for Thursday, April 17, 2025, at 9:00 AM Eastern Time. The presentation will be accessible via teleconference and live internet webcast on the company's Investor Relations page.

The fiscal period under review includes the fourth quarter that began on October 28, 2024, and ended on February 2, 2025. The company, now in its 101st year, operates as a designer, marketer, and importer of furniture and home décor products across residential, hospitality, and contract markets. Their portfolio includes multiple brands such as Hooker Furniture, Bradington-Young, HF Custom, Shenandoah Furniture, and Home Meridian division brands including Pulaski Furniture and Samuel Lawrence Furniture.

Hooker Furnishings (NASDAQ: HOFT) announced its decision to exit its Savannah, Georgia distribution center and consolidate operations in existing facilities. The facility, which opened in October 2021 for the Home Meridian segment's Accentrics Home brand, became unsustainable due to sharp increases in post-COVID container freight rates from Asia (from $4,000 to over $25,000 per container).

The company expects to record net charges of $1.6-$2.0 million in fiscal 2025 and $3.0-$4.0 million in fiscal 2026 related to the exit. However, HOFT anticipates preliminary savings of $750,000-$1.0 million in net operating expenses in fiscal 2026 and annualized savings of $4.0-$4.5 million beginning in fiscal 2027.

The company is working with current employees, landlord, and new tenants to ensure a smooth transition, providing exit benefits to affected employees and helping them secure new positions.

Hooker Furnishings (Nasdaq-GS: HOFT) has declared a quarterly cash dividend of $0.23 per share, payable on March 31, 2025, to shareholders of record on March 17, 2025. The announcement was made by the board of directors on March 5, 2025.

Currently in its 100th year of business, Hooker Furnishings operates as a designer, marketer, and importer of various furniture categories including casegoods, leather and fabric-upholstered furniture, lighting, and home décor. The company's portfolio includes several brands targeting different market segments:

• Hooker Furniture - upper-medium price points casegoods
• Bradington-Young - upscale leather furniture
• HF Custom - fashion-forward custom upholstery
• Home Meridian division - moderate price points
• Sunset West division - outdoor furniture

Hooker Furniture (NASDAQ: HOFT) reported Q3 FY25 results with revenue of $104.4M, operating income of ($7.3M), and adjusted EPS of ($0.39). While revenue slightly exceeded consensus estimates, consolidated revenues decreased 10.7% from 3Q24 due to macro headwinds and a major HMI customer bankruptcy. Despite challenges, the company achieved a consolidated gross profit margin of 23.0%, up 100bps quarter-over-quarter.

The company maintains its goal of reducing fixed costs by 10% (approximately $10.0M) in FY26. HOFT also announced a global licensing agreement with Margaritaville to boost future revenues. The company faces ongoing challenges from varying interest rates, housing shortage, and elevated home prices.