Hooker Furniture reports Q1 EPS (29c) vs. (39c) last year

Reports Q1 revenue $85.32M vs. $93.57M last year. “We continue to take significant and deliberate actions to stabilize the Company, drive improved sales and deliver strong gross margins as we execute on our significant cost savings program without losing our focus on quality, service, our strategic vision and increasing shareholder value,” said Jeremy Hoff, CEO. “We delivered the eighth consecutive quarter of consistent market share gains within Hooker’s legacy brands, which includes Hooker Branded and Domestic Upholstery. The Spring High Point Market was exceptional for the company, especially with two new case goods collections in our collected living format. In addition, we had significant placements on the debut of our “Living Your Way” modular upholstery program offered in both stationary and motion in multiple scale and cover options.”