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Hooker Furniture (HOFT)
:HOFT
Earnings Data
Report Date
Sep 04, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.19Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 12, 2025
|% Change Since: 0.00%
|Next Earnings Date:Sep 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant cost reductions and operational improvements highlighting the positives. However, these were balanced by notable sales declines and challenges due to import tariffs, especially impacting Home Meridian.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 same period last year. Despite this decline, the company successfully reduced its operating loss by 31% to $3.6 million, attributed to cost-reduction strategies that lowered operating expenses by $2.2 million. Hooker Branded achieved breakeven, while Domestic Upholstery and Home Meridian significantly reduced their operating losses by 55% and 17%, respectively. The company’s gross margins improved by 190 basis points, aided by better margins in Home Meridian and domestic upholstery. The net loss was reduced to $3.1 million, or $0.29 per diluted share, from the previous year’s $4.1 million, or $0.39 per diluted share. A significant part of the strategy includes a multipronged cost reduction initiative aimed at achieving $25 million in annualized savings by the next fiscal year, with a notable development being the opening of a new Vietnam warehouse to enhance supply chain efficiency. Additionally, the company remains cautious of ongoing challenges in the home furnishings market, such as high mortgage rates and import tariff uncertainties, and is positioned to act responsibly in response to potential tariff changes expected in July.Cost Reduction Achievements
Reduced operating expenses by $2.2 million and operating loss by $16 million, reflecting a 31% reduction. Implemented strategies aimed at $25 million annual savings by next fiscal year.
Vietnam Warehouse Initiative
Opened a new Vietnam warehouse to enhance supply chain efficiency, reducing lead times from six months to four to six weeks, potentially improving sales.
Legacy Brand Performance
Hooker's legacy brands achieved consecutive market share gains, with Hooker branded orders up nearly 40% and domestic upholstery orders up 25% in May compared to the previous year.
Gross Margin Improvement
Improved gross margins by 190 basis points, driven by better margins in Home Meridian and domestic upholstery.
Increased Cash Position
Cash and cash equivalents increased by $11.7 million from year-end, maintaining financial flexibility with $40 million in available borrowing capacity.
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 12, 2025 | $11.36 | $10.14 | -10.74% |
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% |
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 (HOFT) report earnings?
Hooker Furniture (HOFT) is schdueled to report earning on Sep 04, 2025, TBA Not Confirmed.
What is Hooker Furniture (HOFT) earnings time?
Hooker Furniture (HOFT) earnings time is at Sep 04, 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 2026 (Q2) is -0.12.