Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Earnings Data
Report Date
Sep 03, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.31Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial shift despite ongoing top-line pressure and a difficult macro environment. Management highlighted a profitability turnaround (net income and operating income improvements), meaningful gross margin expansion (consolidated +440 bps; Hooker Branded +960 bps), substantial fixed cost reductions ($17.5M), strengthened liquidity (no debt, higher cash, reduced inventory), and early second-quarter momentum in orders and backlog driven by the Margaritaville initiative. Offsetting risks include a modest decline in consolidated sales (-2.4%), continued weakness in domestic upholstery (sales down 1.9%, operating loss $689k), targeted import supply issues, and a cautious near-term outlook tied to weak housing and consumer demand. Overall, the positive improvements in profitability, liquidity and order/backlog momentum were presented as outweighing the sales and macro-related headwinds.Company Guidance
Profitability Turnaround
Consolidated net income of $1.1 million for the quarter (or $0.10 per diluted share), marking a reported $4.1 million improvement versus the prior year first quarter; operating income was $1.6 million compared with an operating loss of $498 thousand in the prior year (a $2.1 million improvement).
Significant Gross Margin Improvement
Consolidated gross profit increased by $2.7 million and consolidated gross margin improved 440 basis points year-over-year; Hooker Branded gross profit increased $2.9 million and its gross margin improved 960 basis points.
Material Fixed Cost Reduction
Management attributed results in part to a $17.5 million reduction in fixed costs related to continuing operations achieved in the prior year, supporting a leaner, higher-margin operating model.
Strengthened Balance Sheet and Liquidity
Cash and cash equivalents were $10.6 million at quarter end (an increase of $9.5 million from prior year fiscal end), no debt on the balance sheet, $54.2 million of available borrowing capacity under the amended credit facility, and over $15 million in cash on hand as of the day before the call.
Lower Inventory and Capital Actions
Inventory decreased by $3.7 million (from $48.7M to $45.0M); capital returned to shareholders via a board-authorized share repurchase program up to $5 million (~7.6k shares repurchased for ~$96k at an average $12.53 during the quarter) and an annual dividend recalibrated to $0.46 per share.
Order and Backlog Momentum (Early Q2)
Consolidated incoming orders increased 8% in May year-over-year and backlog was up more than 14% year-over-year in early Q2, driven primarily by strong retailer commitments to Margaritaville; consolidated Q1 orders were $19.4 million and consolidated backlog was $39.0 million at quarter end.
HOFT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HOFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 11, 2026 | $12.33 | $15.55 | +26.12% |
Apr 16, 2026 | $14.25 | $12.60 | -11.58% |
Dec 11, 2025 | $10.69 | $10.33 | -3.30% |
Sep 11, 2025 | $10.54 | $10.30 | -2.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hooker Furniture Corp. (HOFT) report earnings?
Hooker Furniture Corp. (HOFT) is schdueled to report earning on Sep 03, 2026, Before Open (Confirmed).
What is Hooker Furniture Corp. (HOFT) earnings time?
Hooker Furniture Corp. (HOFT) earnings time is at Sep 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOFT EPS forecast?
HOFT EPS forecast for the fiscal quarter 2027 (Q2) is >-0.01.