Core Viewpoint - Hooker Furnishings Corporation (HOFT) is expected to report disappointing third-quarter fiscal 2025 earnings, with significant declines in both earnings per share and net sales compared to the previous year [1][3][4]. Financial Performance - In the last reported quarter, HOFT's earnings missed the Zacks Consensus Estimate by 46.2% and decreased by over 370% year-over-year [2] - The estimated earnings per share (EPS) for the upcoming quarter has dropped to 2 cents from 9 cents over the past 60 days, indicating a 96.9% decline from the year-ago EPS of 65 cents [3] - The consensus estimate for net sales is $99.9 million, reflecting a year-over-year decline of 14.5% [4] Factors Influencing Performance - HOFT's performance is expected to be negatively impacted by weak demand trends, higher product costs, and under-absorbed indirect costs, primarily due to high interest rates and subdued housing activity [5] - The company's Hooker Branded and Domestic Upholstery segments are likely to show soft performance, compounded by the absence of the Accentrics Home product line, which contributed approximately 35% of consolidated sales in fiscal 2024 [6] Strategic Initiatives - Despite the challenges, the company is making strategic investments in sales channels, personnel, systems, and products to partially support its performance [7] - HOFT is focusing on strengthening its balance sheet and variable cost business model to navigate current economic volatility until consumer confidence improves [7][8] - The company aims to manage its financial position through strategic inventory management, reasonable capital expenditures, and careful expense management [8] Earnings Prediction - The current model does not predict an earnings beat for HOFT, as it has an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell) [9][10]

Company Overview - Hooker Furnishings Corporation is celebrating its 100th year in business and operates as a designer, marketer, and importer of various furniture types including casegoods, leather, and fabric-upholstered furniture, as well as lighting and home décor for residential, hospitality, and contract markets [4] - The company also manufactures premium residential custom leather and fabric-upholstered furniture domestically, along with outdoor furniture [4] - Major product categories include home entertainment, home office, accent, dining, and bedroom furniture sold under the Hooker Furniture brand, with a focus on upper-medium price points [4] Product Lines - Hooker's residential upholstered seating includes brands such as Bradington-Young, HF Custom, Hooker Upholstery, and Shenandoah Furniture, targeting various segments within the upper-medium price range [4] - The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities, while the Home Meridian division addresses more moderate price points with brands like Pulaski Furniture and Samuel Lawrence Furniture [4] - Sunset West division specializes in designing and manufacturing high-quality outdoor furniture [4] Financial Reporting - Hooker Furnishings Corporation will present its fiscal 2025 third quarter financial results on December 5, 2024, at 9:00 AM Eastern Time [1] - The fiscal 2025 third quarter period began on July 29, 2024, and ended on October 27, 2024 [3]

Hooker Furnishings Corporation (HOFT) has collaborated with the global lifestyle brand, Margaritaville, to launch an extensive line of home furnishings. This partnership will help the company leverage the renowned brand position of Margaritaville in the international market and expand its market reach to a new customer base. HOFT stock lost 1.1% during trading hours on Monday post the announcement. HOFT's Partnership in Detail The anticipated product offerings from the announced partnership will include a r ...

AleksandarGeorgiev/E+ via Getty Images Thesis In June 2023, I initiated coverage of Hooker Furnishings (NASDAQ: NASDAQ:HOFT), examining its risks and potential, noting how it demonstrated some strengths by showing the ability to keep a lid on inventory, recover in its hospitality business, and move forward with expansion plans, along with significant challenges created by a precipitous loss of sales, softening demand, operational inefficiencies, and questions over the safety of the dividend. The company was ...

. Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q2 FY25 September 06, 2024 9:20 AM EDT | Source: Reportable, Inc. Dallas, Texas--(Newsfile Corp. - September 6, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT) To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Margins remain above 20% Strong dividend yield of 6.0% Backlog increased ~8.4 ...

dre 194 H NEW i NJ AlpamayoPhoto Hooker Furnishings Corporation (NASDAQ:HOFT) is a manufacturer and importer of residential household and contract fumiture for sale that we have covered often over the years. The company has struggled over the last few quarters with the housing market slowdown and from softer demand, in large part due to higher rates for consumers to borrow money or utilize their credit. To combat demand issues and help preserve profitability, the company has made strategic moves to offload ...

Hooker Furniture (HOFT) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this home furnishings company would post a loss of $0.03 per share when it actually produced a loss of $0.39, delivering a surprise of -1,200%. Over the last four quarters ...

MARTINSVILLE, Va., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQGS: HOFT) (the "Company" or "HFC"), a global leader in the design, production, and marketing of home furnishings for 100 years, today reported its fiscal 2025 second quarter operating results for the period beginning April 29 and ending July 28, 2024. Fiscal 2025 Second Quarter overview and cost reduction details: Despite persistent, weak market conditions, sales in the second quarter, typically Hooker Furnishings' s ...

Hooker Furnishings Corporation (HOFT) is set to report its second-quarter fiscal 2025 (ended July 28, 2024) results on Sep. 5, before market open. In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 1,200% while the net sales surpassed the same by 3.3%. HOFT's Trend in Estimate Revision The Zacks Consensus Estimate for fiscal second-quarter loss per share has remained unchanged at 5 cents over the past 60 days. The estimated figure indicates a 171.4% decline from the ...

Hooker Furnishings Corp. (HOFT) continues to focus on execution during this sustained downturn in the furniture industry. This Zacks Rank #5 (Strong Sell) is expected to see a big decrease in earnings in fiscal 2025. Hooker Furnishings also sells online. On June 6, 2024, Hooker Furnishings reported its fiscal 2025 first quarter results and missed on the Zacks Consensus by $0.36. Earnings were a loss of $0.39 versus the consensus of a loss of $0.03. Hooker Furnishings is celebrating its 100th year of busines ...