The earnings call highlighted significant cost reduction initiatives and product launches that have improved gross margins and boosted order volumes in certain segments. However, challenges remain with declining net sales, macroeconomic headwinds, and ongoing uncertainties in the mid-priced market segment.

Company Guidance

During the first quarter of fiscal 2026, Hooker Furnishings Corporation reported consolidated net sales of $85.3 million, marking an 8.8% decrease compared to the previous year. Despite this, the company reduced its operating loss by 31% to $3.6 million, thanks to cost reduction efforts. Operating expenses were cut by $2.2 million, and gross margins improved by 190 basis points. The company achieved a net loss of $3.1 million, an improvement from the prior year's $4.1 million. Hooker Branded reached breakeven, while Domestic Upholstery and Home Meridian reduced their operating losses by 55% and 17%, respectively. The company is executing a multiphase cost reduction strategy targeting $25 million in annualized savings by the next fiscal year. This includes the opening of a new Vietnam warehouse to enhance supply chain efficiency and reduce lead times. Additionally, despite macroeconomic challenges such as tariff uncertainties and a challenging housing market, Hooker Furnishings continues to focus on product innovation, cost optimization, and operational excellence to drive long-term shareholder value.

Cost Reduction Initiatives

The company launched a multiphase cost reduction strategy targeting $25 million in annualized savings by next year. Phase one achieved over $10 million in fixed cost reductions, and phase two focuses on supply chain efficiency through a new Vietnam warehouse.

Gross Margin Improvement

Gross margins improved by 190 basis points, driven by cost reduction initiatives, particularly in Home Meridian and domestic upholstery.

Hooker Branded Orders Surge

May orders for Hooker Legacy were up nearly 33% compared to the prior year, with Hooker branded orders up almost 40%.

New Product Launches

The company launched two new case good collections in their collected living format and introduced the Living Your Way modular upholstery program.

Financial Flexibility

Cash and cash equivalents increased to $18 million, with $40 million available under a revolving credit facility. All outstanding borrowings on the revolving credit facility were paid down.

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

Daily Earnings Calendar >

HOFT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 11, 2025	2026 (Q2)	-0.12 / -	-0.19	―	―	―
Jun 12, 2025	2026 (Q1)	-0.15 / -0.29	-0.39	25.64% (+0.10)	―
Apr 17, 2025	2025 (Q4)	0.15 / -0.22	0.06	-466.67% (-0.28)	―
Dec 05, 2024	2025 (Q3)	0.28 / -0.39	0.65	-160.00% (-1.04)	―
Sep 05, 2024	2025 (Q2)	-0.06 / -0.19	0.07	-371.43% (-0.26)	―
Jun 06, 2024	2025 (Q1)	-0.04 / -0.39	0.13	-400.00% (-0.52)	―
Apr 11, 2024	2024 (Q4)	0.10 / 0.06	-1.6	103.75% (+1.66)	―
Dec 07, 2023	2024 (Q3)	0.26 / 0.65	0.42	54.76% (+0.23)	―
Sep 08, 2023	2024 (Q2)	0.10 / 0.07	0.46	-84.78% (-0.39)	―
Jun 08, 2023	2024 (Q1)	0.11 / 0.13	0.26	-50.00% (-0.13)	―

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 12, 2025	$11.10	$9.91	-10.72%
Apr 17, 2025	$7.40	$8.49	+14.73%
Dec 05, 2024	$16.96	$15.84	-6.60%
Sep 05, 2024	$14.48	$14.81	+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 11, 2025, Before Open (Confirmed).

What is Hooker Furniture Corp. (HOFT) earnings time?

Hooker Furniture Corp. (HOFT) earnings time is at Sep 11, 2025, 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 2026 (Q2) is -0.12.

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