Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.29Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a mixed picture: meaningful operational and structural progress (fixed cost reductions of ~$26.3M, margin expansion in core segments, Hooker Branded profitability, inventory reduction, strong liquidity availability, and a promising Margaritaville launch) tempered by significant near-term headwinds (double-digit sales declines, major noncash impairment charges totaling about $15.6M, $19M pretax loss in discontinued operations, and a consolidated FY net loss of $27M). Management emphasizes a leaner cost structure, improved margins, and a path to recovery, but the magnitude of impairments and revenue pressure leave results balanced between positive progress and sizable legacy and cyclical challenges.Company Guidance
Quarterly Profitability Despite Sales Pressure
Q4 consolidated net sales from continuing operations were $67.0M (down $17.2M or 21% YoY), yet the company produced operating income of $0.63M and consolidated net income of $0.54M ($0.05 per diluted share). Net income from continuing operations for Q4 was $0.87M ($0.08 per diluted share).
Hooker Branded Turnaround and Margin Expansion
Full-year Hooker Branded operating income improved to $1.9M from a prior-year operating loss of $0.433M. Net sales for Hooker Branded decreased only 2.9% for FY2026 while average selling price increased 5.7%. Full-year gross margin for the segment expanded by 200 basis points, incoming orders were flat YoY, and backlog increased nearly 26%.
Domestic Upholstery Operational Improvements
Domestic Upholstery reduced its Q4 operating loss by more than 50% compared to the prior-year quarter (Q4 operating loss $1.2M vs prior-year $2.5M). Full-year gross margin improved by 230 basis points driven by lower material, labor and overhead costs and cost reduction initiatives; backlog increased ~8% YoY.
Material Fixed Cost Reductions
Completed initiatives reduced fixed costs by approximately $26.3M (about 25% reduction), with roughly $17.5M of those savings related to continuing operations, lowering the company breakeven point and improving future profitability potential.
Balance Sheet Liquidity and Debt Paydown
At fiscal year-end cash & equivalents were $1.1M (down $5.2M YoY), but revolver borrowings decreased by $18M to $3.6M. Company repaid $18.5M of a term loan, received ~$5.5M proceeds from discontinued operations, reduced inventory by $17.5M (from $66.2M to $48.7M), and had $62.8M available borrowing capacity (net of LC); as of the most recent update they reported >$12M cash on hand and >$64M available capacity with $0 outstanding on the facility.
Strategic Portfolio Actions and New Product Launch
Completed divestiture of Pulaski and Samuel Lawrence (discontinued operations), opened a fulfillment warehouse in Asia, exited two unprofitable divisions, and launched the Margaritaville line (over 50 committed galleries and growing) with shipments expected in 2027 — management cites this as a potential major growth driver.
Shareholder Capital Actions
Board authorized a $5M share repurchase program beginning in fiscal 2027 and recalibrated the annual dividend to $0.46 per share (paid beginning 12/31/2025), indicating return-of-capital plans alongside balance sheet flexibility.
Orders and Backlog Stability
Total orders for fiscal 2026 were $256M (essentially flat vs $257M prior year). Company reported order backlog at year-end of roughly $36M, supporting near-term revenue prospects once weather- and timing-related shipments normalize.
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 |
|---|---|---|---|
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% |
Jun 12, 2025 | $10.66 | $9.52 | -10.74% |
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 Jun 04, 2026, Before Open (Confirmed).
What is Hooker Furniture Corp. (HOFT) earnings time?
Hooker Furniture Corp. (HOFT) earnings time is at Jun 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q1) is -0.07.