Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q1 FY26
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Hooker Furniture Corporation (NASDAQ: HOFT) reported Q1 FY26 results with revenue of $85.3M, representing an 8.8% year-over-year decline, falling short of consensus estimates of $88.9M. The company posted an operating loss of ($3.6M) and adjusted EPS of ($0.29), both below analyst expectations. Despite challenging macro conditions, HOFT showed improvement in gross profit margin, reaching 22.3% (up 173bps quarter-over-quarter). The company successfully achieved its cost reduction target of 25% (approximately $25M), with full benefits expected by FY27. The decline in revenue was primarily attributed to decreased volumes and tariff impacts in the HMI segment. The furniture retail environment remains challenging due to high interest rates, housing shortage, and elevated home prices.
Hooker Furniture Corporation (NASDAQ: HOFT) ha riportato i risultati del primo trimestre dell'anno fiscale 26 con un fatturato di 85,3 milioni di dollari, segnando un calo dell'8,8% su base annua e risultando inferiore alle stime di consenso di 88,9 milioni di dollari. L'azienda ha registrato una perdita operativa di 3,6 milioni di dollari e un utile per azione rettificato di -0,29 dollari, entrambi al di sotto delle aspettative degli analisti. Nonostante condizioni macroeconomiche difficili, HOFT ha mostrato un miglioramento nel margine lordo, raggiungendo il 22,3% (in aumento di 173 punti base rispetto al trimestre precedente). L'azienda ha raggiunto con successo l'obiettivo di riduzione dei costi del 25% (circa 25 milioni di dollari), con benefici completi attesi entro l'anno fiscale 27. Il calo del fatturato è stato principalmente attribuito alla diminuzione dei volumi e agli impatti tariffari nel segmento HMI. L'ambiente del retail di mobili rimane difficile a causa dei tassi di interesse elevati, della carenza di abitazioni e dei prezzi delle case elevati.
Hooker Furniture Corporation (NASDAQ: HOFT) informó los resultados del primer trimestre del año fiscal 26 con ingresos de 85,3 millones de dólares, lo que representa una caída interanual del 8,8%, por debajo de las estimaciones de consenso de 88,9 millones de dólares. La compañía registró una pérdida operativa de 3,6 millones de dólares y un BPA ajustado de -0,29 dólares, ambos por debajo de las expectativas de los analistas. A pesar de las condiciones macroeconómicas desafiantes, HOFT mostró una mejora en el margen bruto, alcanzando el 22,3% (un aumento de 173 puntos básicos respecto al trimestre anterior). La empresa logró con éxito su objetivo de reducción de costos del 25% (aproximadamente 25 millones de dólares), con beneficios completos esperados para el año fiscal 27. La disminución en los ingresos se atribuyó principalmente a la reducción de volúmenes y a los impactos arancelarios en el segmento HMI. El entorno minorista de muebles sigue siendo complicado debido a las altas tasas de interés, la escasez de viviendas y los elevados precios de las casas.
Hooker Furniture Corporation(NASDAQ: HOFT)는 26회계연도 1분기 실적을 발표했으며, 매출액은 8,530만 달러로 전년 동기 대비 8.8% 감소하여 시장 예상치 8,890만 달러에 미치지 못했습니다. 회사는 360만 달러의 영업손실과 조정 주당순이익(EPS) -0.29달러를 기록해 애널리스트 기대치를 밑돌았습니다. 어려운 거시경제 환경에도 불구하고 HOFT는 분기 대비 173bp 상승한 22.3%의 매출총이익률 개선을 보였습니다. 회사는 약 2,500만 달러에 달하는 25% 비용 절감 목표를 성공적으로 달성했으며, 전체 혜택은 27회계연도까지 기대됩니다. 매출 감소는 주로 HMI 부문에서의 판매량 감소와 관세 영향 때문입니다. 높은 금리, 주택 부족, 주택 가격 상승으로 인해 가구 소매 환경은 여전히 어려운 상황입니다.
Hooker Furniture Corporation (NASDAQ : HOFT) a annoncé ses résultats du premier trimestre de l'exercice 26 avec un chiffre d'affaires de 85,3 millions de dollars, soit une baisse de 8,8 % en glissement annuel, en dessous des estimations consensuelles de 88,9 millions de dollars. La société a enregistré une perte d'exploitation de 3,6 millions de dollars et un BPA ajusté de -0,29 dollar, tous deux inférieurs aux attentes des analystes. Malgré des conditions macroéconomiques difficiles, HOFT a amélioré sa marge brute, atteignant 22,3 % (en hausse de 173 points de base par rapport au trimestre précédent). L'entreprise a réussi à atteindre son objectif de réduction des coûts de 25 % (environ 25 millions de dollars), avec des bénéfices complets attendus d'ici l'exercice 27. La baisse du chiffre d'affaires est principalement due à une diminution des volumes et aux impacts tarifaires dans le segment HMI. L'environnement du commerce de détail de meubles reste difficile en raison des taux d'intérêt élevés, de la pénurie de logements et des prix élevés de l'immobilier.
Die Hooker Furniture Corporation (NASDAQ: HOFT) meldete die Ergebnisse für das erste Quartal des Geschäftsjahres 26 mit einem Umsatz von 85,3 Mio. USD, was einem Rückgang von 8,8 % im Jahresvergleich entspricht und unter den Konsensschätzungen von 88,9 Mio. USD lag. Das Unternehmen verzeichnete einen operativen Verlust von 3,6 Mio. USD und einen bereinigten Gewinn je Aktie (EPS) von -0,29 USD, beides unter den Erwartungen der Analysten. Trotz herausfordernder makroökonomischer Bedingungen verbesserte HOFT die Bruttogewinnmarge auf 22,3 % (ein Anstieg von 173 Basispunkten im Quartalsvergleich). Das Unternehmen erreichte erfolgreich sein Kostensenkungsziel von 25 % (ca. 25 Mio. USD), wobei die vollen Vorteile bis zum Geschäftsjahr 27 erwartet werden. Der Umsatzrückgang ist hauptsächlich auf geringere Mengen und Zollbelastungen im HMI-Segment zurückzuführen. Das Möbelhandelsumfeld bleibt aufgrund hoher Zinsen, Wohnraummangel und hoher Immobilienpreise herausfordernd.
Positive
- Gross profit margin improved to 22.3%, up 173 basis points quarter-over-quarter
- Successfully achieved 25% fixed cost reduction goal (approximately $25M savings)
- Cash position improved both sequentially and year-over-year
- Company making progress on controllable factors despite market challenges
Negative
- Revenue declined 8.8% year-over-year to $85.3M, missing consensus estimates
- Operating loss of $3.6M, worse than expected
- Adjusted EPS loss of $0.29, below analyst estimates
- Continued challenges from macro headwinds including high interest rates and housing market issues
Dallas, Texas--(Newsfile Corp. - June 13, 2025) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Despite the macro headwinds, HOFT reported consolidated GPM of
22.3% , an increase of 173bps q/q. - The Company reached its goal of reducing fixed costs by
25% , or approximately$25.0M , with full realization expected by FY27. - The quarter end cash increased both sequentially and year over year as HOFT capitalized on accounts receivable.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255472
FAQ
What were Hooker Furniture's (HOFT) Q1 FY26 earnings results?
HOFT reported Q1 FY26 revenue of $85.3M, operating loss of $3.6M, and adjusted EPS loss of $0.29, all below consensus estimates.
How much did HOFT's revenue decline in Q1 FY26?
HOFT's revenue declined 8.8% year-over-year to $85.3M.
What is HOFT's cost reduction target and timeline?
HOFT achieved its goal of reducing fixed costs by 25% (approximately $25M), with full realization expected by FY27.
How did HOFT's gross profit margin perform in Q1 FY26?
HOFT's gross profit margin improved to 22.3%, increasing 173 basis points quarter-over-quarter.
What are the main challenges affecting Hooker Furniture's business?
The main challenges include varying interest rates, housing shortage, elevated home prices, and tariff impacts on the HMI segment.
Hooker Furnishings Corporation
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114.30M
10.40M
2.03%
81.74%
2.84%
Furnishings, Fixtures & Appliances
Household Furniture
United States
MARTINSVILLE