Every 10-Q that Hooker Furnishings Corporation (HOFT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HOFT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HOFT filings page.
HOOKER FURNISHINGS Corp (HOFT) reported lower sales but sharply improved profitability for the quarter and first half ended August 2, 2026. Quarterly net sales were $63.3 million, down 8.7% year over year, yet gross margin rose to 31.8% from 24.9% and operating income improved to $1.3 million from a loss of $0.5 million.
For the first six months, net sales declined 5.5% to $132.7 million, but operating income swung to a $2.9 million profit from a $1.0 million loss, and net income from continuing operations reached $2.3 million ($0.21 per diluted share). A key driver was $7.9 million of tariff recoveries, which reduced cost of sales and boosted margins in both continuing and discontinued operations.
Liquidity strengthened significantly: cash increased to $18.7 million with no term debt outstanding and $51.8 million of availability under the asset-based revolver. Backlog rose to $42.4 million, up 6.2% from the prior-year quarter, while the company continued paying quarterly dividends and repurchasing shares. Management notes that end-market demand for home furnishings remains weak and does not expect meaningful near-term improvement, but believes recent cost reductions and portfolio actions position the business for more consistent earnings.
Hooker Furnishings returned to profitability in early fiscal 2027 despite slightly lower sales. Net sales were $69.5 million for the quarter ended May 3, 2026, down 2.4% from $71.2 million, but gross margin improved from 25.2% to 29.6%, lifting operating income to $1.6 million from a $0.5 million loss.
Net income from continuing operations was $1.1 million, or $0.10 per diluted share, compared with a $0.6 million loss, helped by stronger Hooker Branded margins and higher hospitality shipments, partially offset by a loss in Domestic Upholstery. Discontinued Home Meridian operations contributed no results this quarter versus a $2.4 million loss a year ago.
Cash rose to $10.6 million from $1.1 million as operating activities generated $14.4 million. The company fully repaid its term debt and ended the quarter with no outstanding loans under its $70 million revolving facility, $3.2 million of letters of credit, and $54.2 million of availability. Backlog was $39.1 million, up 4.5% year over year. Management highlighted potential refunds on approximately $8 million of overturned tariffs, which have not yet been recorded, and maintained a cautious outlook given weak housing and furniture demand, while pointing to the Margaritaville product rollout and cost reductions as future earnings drivers.
Hooker Furnishings reported fiscal 2026 third-quarter net sales from continuing operations of $70.7 million, down from $82.7 million a year earlier, mainly because large hospitality projects that boosted prior-year results did not recur. Despite lower volume, gross margin improved to 25.6% as cost controls and mix offset pressures.
The company posted an operating loss from continuing operations of $16.3 million and a net loss from continuing operations of $12.5 million, driven largely by $15.6 million of non-cash goodwill and trade name impairments and $597,000 of restructuring costs. Discontinued operations tied to the Pulaski Furniture and Samuel Lawrence casegoods brands added an $8.6 million loss, bringing total quarterly net loss to $21.2 million, or $1.99 per share.
For the first nine months of fiscal 2026, continuing-operations sales fell 9.4% to $211.2 million, but gross margin rose to 25.0% and selling and administrative expenses declined. Operating cash flow from continuing operations improved to $22.9 million, long-term debt decreased to $3.8 million, and Availability under the revolving facility was $63.8 million. Management states it has exceeded a $25 million fixed-cost reduction target and has agreed to sell the PFC and SLF brands for an estimated $4.6 million, with the buyer assuming about $4.8 million of related showroom lease liabilities.