Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q2 FY26
Hooker Furniture (NASDAQ: HOFT) reported Q2 FY26 results below expectations, with revenue of $82.1M (down 13.6% year-over-year), operating loss of $4.4M, and adjusted EPS of ($0.31).
The revenue decline was primarily driven by a 44.5% decrease in HMI segment due to weak demand, tariff concerns, and a major customer bankruptcy. However, Hooker Branded segment showed resilience with 1.3% growth, while Domestic Upholstery remained flat. The company maintained a 20.5% consolidated gross margin through cost savings and improved labor efficiency.
Management is focused on navigating macro challenges while implementing cost-saving initiatives, targeting $25M in annualized savings by FY27. The company has reduced debt by $16.5M year-to-date and optimized inventory to $58.5M.
Hooker Furniture (NASDAQ: HOFT) ha riportato i risultati del secondo trimestre fiscale 2026 inferiori alle stime, con un fatturato di $82.1M (in calo del 13,6% su base annua), una perdita operativa di $4.4M e un utile per azione rettificato di ($0.31).
Il calo dei ricavi è stato principalmente trainato da una riduzione del 44,5% nel segmento HMI, causata da domanda debole, preoccupazioni sui dazi e l’insolvenza di un importante cliente. Tuttavia, il segmento Hooker Branded ha mostrato resilienza con una crescita dell’1,3%, mentre Domestic Upholstery è rimasta piatta. L’azienda ha mantenuto un margine lordo consolidato del 20,5% grazie a risparmi sui costi e a una maggiore efficienza del lavoro.
La direzione si concentra nell’affrontare le sfide macroeconomiche implementando iniziative di contenimento dei costi, puntando a $25M di risparmi annualizzati entro FY27. Finora la società ha ridotto l’indebitamento di $16.5M e ha ottimizzato l’inventario a $58.5M.
Hooker Furniture (NASDAQ: HOFT) informó resultados del 2T fiscal 2026 por debajo de las expectativas, con ingresos de $82.1M (bajada del 13,6% interanual), pérdida operativa de $4.4M y BPA ajustado de ($0.31).
La caída de los ingresos estuvo impulsada principalmente por una reducción del 44,5% en el segmento HMI debido a la demanda débil, preocupaciones sobre aranceles y la quiebra de un gran cliente. Sin embargo, el segmento Hooker Branded mostró resiliencia con un crecimiento del 1,3%, mientras Domestic Upholstery se mantuvo estable. La empresa mantuvo un margen bruto consolidado del 20,5% gracias a ahorros de costos y mayor eficiencia laboral.
La gestión se centra en navegar los retos macroeconómicos mientras implementa medidas de ahorro, apuntando a $25M en ahorros anualizados para FY27. La compañía ha reducido su deuda en $16.5M hasta la fecha y ha optimizado el inventario a $58.5M.
Hooker Furniture (NASDAQ: HOFT)가 FY26 2분기 실적을 기대 이하로 발표했고, 매출은 $82.1M로 전년 대비 13.6% 감소했고, 영업손실은 $4.4M, 조정된 주당손실은 ($0.31)였습니다.
매출 감소는 주로 HMI 부문에서의 44.5% 감소에 의해 촉발되었으며, 약한 수요, 관세 우려, 대형 고객 파산이 원인입니다. 다만 Hooker Branded 부문은 1.3% 성장으로 회복력을 보였고 Domestic Upholstery는 제자리였습니다. 회사는 비용 절감과 향상된 노동 효율성으로 종합 매출 총 이익률 20.5%를 유지했습니다.
경영진은 거시경제의 도전을 헤치며 비용 절감 전략을 실행하는 데 주력하고, FY27까지 연간 2,500만 달러의 절감을 목표로 하고 있습니다. 현재까지 부채를 $16.5M 줄였고 재고를 $58.5M로 최적화했습니다.
Hooker Furniture (NASDAQ: HOFT) a rendu ses résultats du deuxième trimestre de l’exercice FY26 en dessous des attentes, avec un chiffre d’affaires de $82.1M (en baisse de 13,6 % sur un an), une perte opérationnelle de $4.4M et un BPA ajusté de ($0.31).
Le recul des revenus est majoritairement dû à une baisse de 44,5% dans le segment HMI en raison d’une demande faible, de préoccupations sur les droits de douane et de la faillite d’un client important. Cependant, le segment Hooker Branded a montré une certaine résilience avec une croissance de 1,3%, tandis que Domestic Upholstery est resté stable. L’entreprise a maintenu une marge brute consolidée de 20,5% grâce à des économies de coûts et à une meilleure efficacité du travail.
La direction se concentre sur la navigation des défis macroéconomiques tout en mettant en œuvre des mesures d’économies et vise 25 M$ d’économies annualisées d’ici FY27. La société a réduit sa dette de $16.5M à ce jour et optimisé son inventaire à $58.5M.
Hooker Furniture (NASDAQ: HOFT) meldete die Ergebnisse des Q2 des FY26 unter den Erwartungen, mit einem Umsatz von $82.1M (rückläufig um 13,6% YoY), einem operativen Verlust von $4.4M und bereinigtem EPS von ($0.31).
Der Umsatzrückgang wurde hauptsächlich durch einen 44,5%-igen Rückgang im HMI-Segment getrieben, bedingt durch schwache Nachfrage, Zölle und die Insolvenz eines Großkunden. Das Hooker Branded-Segment zeigte jedoch Robustheit mit 1,3%-Wachstum, während Domestic Upholstery unverändert blieb. Das Unternehmen hielt eine konsolidierte Bruttomarge von 20,5% durch Kostensenkungen und verbesserte Arbeitsproduktivität.
Das Management konzentriert sich darauf, makroökonomische Herausforderungen zu meistern und gleichzeitig Kostensenkungsmaßnahmen umzusetzen, mit dem Ziel, $25M jährliche Einsparungen bis FY27 zu erreichen. Das Unternehmen hat die Schulden bislang um $16.5M reduziert und den Lagerbestand auf $58.5M optimiert.
Hooker Furniture (NASDAQ: HOFT) أعلنت عن نتائج الربع الثاني من السنة المالية 2026 دون التوقعات، حيث بلغ الإيرادات $82.1M بانخفاض قدره 13.6% على أساس سنوي، وخسارة تشغيلية قدرها $4.4M وربح السهم المعدل ($0.31).
انخفاض الإيرادات كان مدفوعاً بشكل رئيسي بـانخفاض 44.5% في قطاع HMI بسبب ضعف الطلب، قلق بشأن الرسوم الجمركية، وإفلاس عميل رئيسي. ومع ذلك أظهر قطاع Hooker Branded مرونة بنمو 1.3%، فيما ظل Domestic Upholstery ثابتاً. حافظت الشركة على هامش إجمالي ربح مجمع قدره 20.5% بفضل تقليل التكاليف وتحسين كفاءة العمل.
تركّز الإدارة على تجاوز التحديات الكلية مع تنفيذ مبادرات التوفير، وتستهدف $25M في وفورات سنوية بحلول FY27. خفضت الشركة الدين بمقدار $16.5M حتى تاريخه وحسّنت المخزون إلى $58.5M.
Hooker Furniture (NASDAQ: HOFT) 公布了 FY26 财年第二季度业绩，未达预期，营业收入为 $82.1M，同比下降 13.6%，营业亏损为 $4.4M，调整后每股收益为 ($0.31)。
收入下降主要受 HMI 业务环比下降 44.5% 的影响，原因包括需求疲软、关税担忧以及一家大客户破产所致。然而 Hooker Branded 业务表现韧性，达到 1.3% 的增长，Domestic Upholstery 保持持平。公司通过降低成本和提高劳动效率，维持了综合毛利率 20.5%。
管理层专注于应对宏观挑战并推进降本措施，目标在 FY27 实现 $25M 的年度化节省。至今，公司已将债务削减 $16.5M，并将存货优化至 $58.5M。
- None.
- Revenue declined 13.6% year-over-year to $82.1M
- HMI segment sales dropped 44.5% year-over-year
- Operating loss of $4.4M and negative EPS of ($0.31)
- Impact from major customer bankruptcy
- Facing ongoing macro headwinds including housing market weakness
Dallas, Texas--(Newsfile Corp. - September 12, 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 a
13.6% y/y sales decline, HOFT maintained a consolidated gross margin of20.5% , supported by labor efficiency and cost savings. - HOFT achieved
$3.7M in expense savings in 1H26, advancing toward its goal of$25M in annualized savings by FY27. - HOFT repaid
$16.5M of debt YTD and reduced inventory to$58.5M , enhancing liquidity while transitioning to its new Vietnam warehouse.
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.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266280
FAQ
What were Hooker Furniture's (HOFT) Q2 FY26 earnings results?
How much cost savings is HOFT targeting and what has been achieved?
What caused the significant decline in HOFT's HMI segment?
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