Hooker Furniture reports Q2 EPS (31c) vs. (19c) last year

Reports Q2 revenue $82.15M vs. $95.08M last year. “Hooker Furnishings is taking decisive steps to return the business to profitability. Our cost-reduction initiatives and focus on growth initiatives have positioned the Company to maintain resilience in today’s challenging environment, and to strategically capture growth when demand returns,” said CEO Jeremy Hoff. “Hooker Branded broke even in the quarter despite weak demand and $655K in restructuring charges, and Domestic Upholstery reduced its operating loss nearly 70% even including $152K of restructuring costs. At HMI, we have de-risked it significantly over the last several years and continue to further that effort. These actions have been obscured by weak demand in the home furnishings industry due to an extremely weak housing environment, and tariff buying hesitancy in the market segment in which HMI competes. By the end of our fiscal 2026 third quarter, HMI’s fixed cost structure will be aligned to support what we believe to be a sustainable business and one in which its sales can be significantly scaled from current levels when demand returns. Barring additional tariffs or other significant, disruptive events, we expect HMI’s performance to be significantly enhanced by the end of the current fiscal year.”