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Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
US Market

Hooker Furniture (HOFT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 17, 2025
TBA Not Confirmed
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.16
Last Year’s EPS
0.06
Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Apr 17, 2025
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% Change Since: 16.91%
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Next Earnings Date:Jun 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging fiscal year for Hooker Furnishings, with an overall decline in sales and significant operating and net losses. However, there are positive signs in the fourth quarter with increased sales, particularly in the Home Meridian and Hooker Branded segments, as well as market share gains. The company is also focusing on cost savings initiatives to improve future performance. Despite these positive developments, the overall sentiment is balanced by the significant challenges faced over the fiscal year.
Company Guidance
During the fourth quarter of fiscal year 2025, Hooker Furnishings Corporation saw an 8% increase in consolidated net sales, amounting to $7.7 million, largely attributed to a 14-week reporting period compared to the previous year's 13 weeks. Segment performance varied, with Hooker Branded and Home Meridian sales rising by 2% and 13% respectively, while Domestic Upholstery sales declined by 7%. The company faced significant fourth-quarter charges totaling $3.1 million, including $1.3 million in inventory write-downs, $878,000 in trade name impairment, and $718,000 in bad debt expense, resulting in a consolidated operating loss of $2.7 million and a net loss of $2.3 million. For the fiscal year, net sales decreased by 8.3% to $397.5 million, with operating losses driven by weaker sales volumes and $10.8 million in charges. Looking ahead, Hooker Furnishings anticipates cost savings of up to $5.7 million annually starting in fiscal 2027 from strategic initiatives, including the Savannah warehouse exit and a new facility in Vietnam, with additional annualized savings projected between $8 million and $10 million over the next fiscal year.
Sales Increase in Fourth Quarter
Consolidated net sales for the fourth quarter increased by $7.7 million, an approximate 8% gain over the previous year's fourth quarter.
Home Meridian Segment Growth
Fourth quarter net sales increased $6.3 million or 21.7% year-over-year, driven by strong hospitality sales. Gross profit rose to $8.1 million with gross margin reaching nearly 23%, the highest since 2016.
Hooker Branded Segment Improvement
Fourth quarter net sales rose $3.8 million or 10% from the prior quarter driven by a 14% increase in unit volume. Fourth quarter orders rose 15% year-over-year.
Market Share Gains
Year-over-year market share growth of 3 to 15 basis points in each of the first three quarters of fiscal 2025 in Hooker's legacy divisions.
Cost Savings Initiatives
Expected annualized cost savings of $4 million to $5.7 million beginning in fiscal 2027 from the Savannah warehouse exit. Additional savings of between $8 million to $10 million anticipated, with full benefits in fiscal 2027.
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Hooker Furniture (HOFT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

HOFT Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jun 05, 20252026 (Q1)
-0.09 / -
-0.39
Apr 17, 20252025 (Q4)
0.15 / -0.22
0.06-466.67% (-0.28)
Dec 05, 20242025 (Q3)
0.28 / -0.39
0.65-160.00% (-1.04)
Sep 05, 20242025 (Q2)
-0.06 / -0.19
0.07-371.43% (-0.26)
Jun 06, 20242025 (Q1)
-0.04 / -0.39
0.13-400.00% (-0.52)
Apr 11, 20242024 (Q4)
0.10 / 0.06
-1.6103.75% (+1.66)
Dec 07, 20232024 (Q3)
0.26 / 0.65
0.4254.76% (+0.23)
Sep 08, 20232024 (Q2)
0.10 / 0.07
0.46-84.78% (-0.39)
Jun 08, 20232024 (Q1)
0.11 / 0.13
0.26-50.00% (-0.13)
Apr 15, 20232023 (Q4)
0.07 / -1.60
-0.33-384.85% (-1.27)
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
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HOFT Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 17, 2025$7.57$8.69+14.80%
Dec 05, 2024$17.35$16.20-6.63%
Sep 05, 2024$14.81$15.15+2.30%
Jun 06, 2024$16.42$14.35-12.61%
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.
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FAQ

When does Hooker Furniture Corp. (HOFT) report earnings?
Hooker Furniture Corp. (HOFT) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
    What is Hooker Furniture Corp. (HOFT) earnings time?
    Hooker Furniture Corp. (HOFT) earnings time is at Apr 17, 2025, TBA Not 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 2025 (Q4) is 0.16.
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