Group 1 - The decision to downgrade Hooker Furnishings Corporation from a Hold to a Sell was made in March of this year, indicating a negative outlook for the company [1] - The investment service focuses on cash flow and companies that generate it, highlighting the importance of value and growth prospects in the oil and natural gas sector [1] Group 2 - Subscribers have access to a stock model account with over 50 stocks, providing in-depth cash flow analyses of exploration and production firms [2] - The service includes live chat discussions about the oil and gas sector, fostering community engagement among subscribers [2] - A two-week free trial is offered to new subscribers, encouraging them to explore the investment service [3]

Core Viewpoint - The market anticipates Hooker Furniture (HOFT) to report a year-over-year increase in earnings despite lower revenues for the quarter ending April 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Hooker Furniture is expected to report a quarterly loss of $0.16 per share, reflecting a year-over-year change of +59%, while revenues are projected to be $88.87 million, down 5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 140% lower in the last 30 days, indicating a significant reassessment by analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Hooker Furniture is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +3.23%. However, the stock has a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Hooker Furniture was expected to post earnings of $0.16 per share but only achieved $0.01, resulting in a surprise of -93.75%. The company has not beaten consensus EPS estimates in the last four quarters [13][14]. Conclusion - While Hooker Furniture does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17].

Company Overview - Hooker Furnishings Corporation is in its 101st year of business, specializing in the design, marketing, and import 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 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, primarily sold under the Hooker Furniture brand [4] Product Lines - Hooker's residential upholstered seating includes brands such as Bradington-Young, HF Custom, Hooker Upholstery, and Shenandoah Furniture, targeting the upper-medium price range [4] - The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities [4] - Home Meridian division offers moderate price points and includes brands like Pulaski Furniture and Samuel Lawrence Furniture, focusing on value-conscious offerings [4] Financial Information - Hooker Furnishings Corporation will present its fiscal 2026 first quarter financial results on June 12, 2025, at 9:00 AM Eastern Time [1] - The first quarter of fiscal 2026 began on February 3, 2025, and ended on May 4, 2025 [3] Communication and Access - A live webcast of the financial results call will be available on the company's Investor Relations page, with an option for phone access through a registration link [2]

Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q4 FY25 Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies. Source: Stonegate, Inc. April 21, 2025 9:30 AM ...

Customer Concentration - The company’s top five customers accounted for approximately 24% of consolidated sales in fiscal 2025, with no single customer exceeding 7%[27] - Less than 2% of the company’s sales in fiscal 2025 were to international customers, defined as sales outside of the United States and Canada[27] Supply Chain and Sourcing - The company’s five largest domestic upholstery suppliers accounted for 31% of raw materials purchases for domestic upholstered furniture manufacturing operations in fiscal 2025[26] - The company has observed price increases in imported raw materials, including fabrics, steel, and hides, following the implementation of initial reciprocal tariffs in April 2025[26] - The company’s reliance on offshore sourcing exposes it to risks related to fluctuations in the prices of purchased finished goods and customs issues[13] - Payment for imported products is generally due 10 to 14 days after quality audit inspections are complete[32] Inventory and Backlog - As of February 2, 2025, the consolidated order backlog was $71.824 million, a 27% decrease from the prior year-end, primarily due to a $15 million reduction in the Home Meridian backlog and a $3.4 million reduction in the Hooker Branded backlog[37] - The Home Meridian segment's backlog is considered a helpful indicator of sales for the upcoming 90-day period, while the Hooker Branded and Domestic Upholstery segments' backlogs are viewed as indicators for the upcoming 30-day period[35] - The Domestic Upholstery backlog did not include Sunset West, which was acquired at the beginning of fiscal 2023 and had approximately $1.6 million in backlog at fiscal 2020 year-end[38] - The company recorded a significant backlog increase during the COVID-19 crisis, reaching historical levels at the end of fiscal 2021 and 2022 due to supply chain challenges[36] Workforce and Employee Well-being - The company had 1,034 full-time employees as of February 2, 2025, with 895 located in the United States and 139 in Asia[42] - The company is committed to providing competitive compensation and comprehensive health benefits to ensure the well-being of its employees[45] Sustainability Initiatives - The company has implemented several sustainability initiatives, including purchasing renewable energy for multiple facilities and achieving 100% renewable energy operation for Sunset West and HF Custom[44] - The company has established partnerships with organizations like the Arbor Day Foundation and the Sustainable Furnishings Council to promote environmental responsibility and sustainability[44] Compliance and Ethics - The company maintains a Code of Business Conduct and Ethics, requiring all employees to comply with anti-corruption and anti-bribery training annually[46] - The company is subject to various federal, state, and local laws and regulations, but compliance has not materially affected its financial position in the past[48] Operational Changes - The company reduced the physical footprint of its Georgia warehouse by 400,000 square feet during fiscal 2024 and announced a planned exit from this warehouse in March 2025[29] - The company’s exit from the Accentrics Home business unit was driven by the need to reduce inventory for e-commerce shipping requirements[29] - The company does not use derivative financial instruments to manage exchange rate risks but may consider doing so in the future[25] - The company’s domestic upholstery segment products are made to order and carry significant amounts of raw materials for production[30]

Hooker Furnishings Corporation (HOFT) Q4 2025 Earnings Conference Call April 17, 2025 09:00 AM ET Company Participants Operator - Conference Call ModeratorJeremy Hoff - Chief Executive OfficerEarl Armstrong - Senior Vice President & Chief Financial OfficerUnknown Speaker - Unidentified/Unassigned Conference Call Participants Dave Storms - Analyst, StonegateAnthony Lebedinsky - Analyst, Sudodi & Co Operator Good day and welcome to the Hooker Furnishings Corporation fourth quarter 2025 earnings webcast call. ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q4 2025 increased by $7.7 million, approximately 8% gain over the previous year's Q4, driven by an additional week in the current period [5] - For fiscal 2025, consolidated net sales were $397.5 million, a decrease of $35.8 million or 0.3% compared to the previous fiscal year [7] - Consolidated operating loss was $18.1 million for the year, primarily due to lower sales volumes and $10.8 million in charges [8] Business Line Data and Key Metrics Changes - Hooker branded sales increased by 2% and Home Meridian sales increased by 13% based on average net sales per shipping day [6] - Hooker branded Q4 net sales rose by $3.8 million or 10% from the prior quarter, driven by a 14% increase in unit volume [17] - Home Meridian Q4 net sales increased by $6.3 million or 0.7% year over year, driven by strong hospitality sales [19] - Domestic upholstery Q4 net sales decreased by $2 million or about 7% year over year due to soft demand [20] Market Data and Key Metrics Changes - All three reportable segments experienced sales decreases driven by weak demand and a depressed housing market [8] - Year-end backlog fell 22%, driven mostly by a significantly improved in-stock position [18] - Cash and cash equivalents stood at $6.3 million, a decrease of $36.9 million from the previous year-end [22] Company Strategy and Development Direction - The company is focused on gaining market share and creating a pathway for profitability despite the ongoing furniture retail downturn [12] - Cost reduction initiatives are being accelerated, including the planned exit of the Savannah warehouse, expected to save $4 to $5.7 million annually beginning in fiscal 2027 [15][10] - The company is also opening a new leased facility in Vietnam to improve product flow and support margin expansion [15] Management's Comments on Operating Environment and Future Outlook - Management noted significant macroeconomic headwinds, including the weakest housing market in 50 years and lower consumer confidence [14] - Despite challenges, the company believes it is positioned to continue gaining market share through merchandising efforts and speed to market initiatives [28] - Management is evaluating strategies to mitigate the current economic environment, including potential additional tariffs [26] Other Important Information - The company expects to record net charges of between $3 million to $4 million in fiscal 2026 related to the Savannah warehouse exit [10] - The completion of cost reduction plans is expected by the second half of fiscal 2026, with total savings projected between $18 and $20 million [11] Q&A Session Summary Question: Insights on Hooker Branded's sales improvements - Management noted that the October market had a significant positive impact, particularly on Hooker case goods, with two new collections performing well [32] Question: Opportunities in domestic upholstery due to tariffs - Management sees a tremendous opportunity in domestic upholstery and has capacity to grow in this area [35] Question: Future gross margins for Home Meridian - Management indicated that there is a strong focus on growing Pulaski and Samuel Lawrence furniture, which is contributing to margin expansion [39] Question: Backlog comparison to pre-pandemic levels - Management did not provide specific figures but emphasized a focus on the right products and avoiding low-margin items [40] Question: Strategic inventory build and nimbleness - Management had already strategically increased inventory, which positioned the company well for current market conditions [46] Question: Market share growth sustainability - Management believes they can improve market share growth beyond the current 3 to 15 basis points pace [49]

分组1 - Hooker Furniture reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.16 per share, representing an earnings surprise of -93.75% [1] - The company posted revenues of $104.46 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 3.22%, compared to year-ago revenues of $96.78 million [2] - Hooker Furniture shares have lost about 46% since the beginning of the year, while the S&P 500 has declined by -10.3% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.07 on $101.25 million in revenues, and for the current fiscal year, it is $1.20 on $438.35 million in revenues [7] - The Zacks Industry Rank indicates that the Furniture industry is currently in the bottom 5% of over 250 Zacks industries, which may negatively impact stock performance [8]

Financial Performance - Net sales for Q4 fiscal 2025 were $104.5 million, an increase of 8% compared to $96.8 million in the prior year quarter[5]. - Consolidated net loss for Q4 was $2.3 million, or ($0.22) per diluted share, compared to net income of $593,000, or $0.06 per diluted share in the prior year[5]. - For the full year fiscal 2025, consolidated net sales were $397.5 million, reflecting a decrease of $35.8 million, or 8.3%, compared to the previous fiscal year[5]. - Hooker Branded Q4 net sales rose $3.8 million, or 10.0%, driven by a 14% increase in unit volume, while fiscal 2025 net sales decreased $10.1 million, or 6.5%[7]. - Home Meridian Q4 net sales increased $6.3 million, or 21.7%, year-over-year, with gross margin reaching 22.9%, the highest since 2016[8]. - Domestic Upholstery Q4 net sales decreased $2.0 million, or 7.0%, year-over-year, with fiscal 2025 net sales down $12.6 million, or 9.9%[9]. - Total net sales for the 53 weeks ended February 2, 2025, were $397.465 million, a decrease from $433.226 million in the prior year, representing a decline of approximately 8.2%[30]. - The Hooker Branded segment generated net sales of $146.470 million for the 53 weeks ended February 2, 2025, down from $156.590 million in the prior year, a decrease of approximately 6.8%[30]. Cost Management and Savings - The company expects fiscal 2026 cost savings of at least $0.8 to $1.0 million from the Savannah warehouse exit, with annualized savings of $4.0 to $5.7 million beginning in fiscal 2027[4]. - Total annualized cost savings from the Savannah exit and additional measures are expected to be between $18 million to $20 million, fully realized in fiscal 2027[9]. Cash Flow and Assets - Cash and cash equivalents stood at $6.3 million, a decrease of $36.9 million from the previous year-end, largely due to increased accounts receivable and planned inventory increases[11]. - Total assets decreased to $313.94 million as of February 2, 2025, down from $343.59 million as of January 28, 2024[24]. - Current liabilities decreased to $39.97 million as of February 2, 2025, compared to $41.41 million as of January 28, 2024[24]. - Cash used in operating activities was $23.016 million for the year, compared to cash provided by operating activities of $55.471 million in the previous year[27]. - Financing activities resulted in a net cash outflow of $11.149 million, compared to an outflow of $22.756 million in the previous year[28]. - The company paid cash dividends of $9.854 million during the year, slightly up from $9.682 million in the previous year[28]. Profitability and Loss - The company reported a net loss of $12.507 million for the 53 weeks ended February 2, 2025, compared to a net income of $9.865 million for the previous year[27]. - The gross profit margin for the consolidated segment was 22.3% for the 53 weeks ended February 2, 2025, down from 25.1% in the previous year[30]. - The company reported a net loss of $2.33 million for the 14 weeks ended February 2, 2025, compared to a net income of $0.59 million for the same period last year[20]. - Basic and diluted loss per share for the 14 weeks ended February 2, 2025, was $0.22, compared to earnings per share of $0.06 for the same period last year[20]. - The company incurred a depreciation and amortization expense of $9.229 million for the 53 weeks ended February 2, 2025, compared to $8.956 million in the prior year[27]. Market Conditions and Risks - The company is focused on gaining market share and maximizing revenues through merchandising efforts and speed-to-market initiatives despite economic uncertainties[13]. - The company is facing risks related to macroeconomic uncertainties, including inflation and high interest rates, which could impact sales and operating costs[18]. - The restructuring of the Home Meridian segment is ongoing, with the goal of returning to consistent profitability[18]. - The company is planning to shift inventories to a new warehouse facility in Vietnam, which poses execution and working capital risks[18]. Inventory and Backlog - The order backlog as of February 2, 2025, was $52.636 million, a decrease from $71.824 million a year earlier, indicating a decline of approximately 26.7%[33]. - The company reported a significant increase in inventory valuation expense to $622 thousand for the 53 weeks ended February 2, 2025, compared to $1.829 million in the previous year[27].

Core Insights - Hooker Furnishings Corporation reported a consolidated net loss of $2.3 million for the fourth quarter of fiscal 2025, compared to a net income of $593,000 in the prior year quarter, reflecting ongoing challenges in the home furnishings market [5][6][20] - For the full fiscal year 2025, the company experienced a consolidated net sales decrease of $397.5 million, down 8.3% from the previous year, driven by weak demand and macroeconomic uncertainties [5][6][20] - The company announced additional planned cost savings of $8 to $10 million, which, combined with previously announced savings, are expected to total between $18 million to $20 million once fully implemented by fiscal 2027 [5][6][20] Fiscal 2025 Fourth Quarter Results - Net sales for the fourth quarter were $104.5 million, an increase of 8% compared to $96.8 million in the prior year quarter, with the additional week contributing approximately $7.7 million [5][6] - Consolidated operating loss was $2.7 million, or (2.5%) of net sales, compared to operating income of $340,000, or 0.4% of net sales, in the prior year quarter [5][6] - Charges recorded in the fourth quarter totaled $3.1 million, including $1.3 million in inventory write-downs and $718,000 in bad debt expense due to a large customer bankruptcy [5][6] Fiscal 2025 Full-Year Results - Consolidated net sales for the full year were $397.5 million, reflecting a decrease of $35.8 million, or 8.3%, compared to the previous fiscal year [5][6] - Consolidated operating loss for the year was $18.1 million, or (4.6%) of net sales, compared to operating income of $12.4 million, or 2.9% of net sales, in the prior year [5][6] - Significant charges for the year totaled $10.8 million, including $4.9 million in restructuring costs and $3.1 million in bad debt expense [5][6] Segment Performance - Hooker Branded segment saw fourth quarter net sales rise by $3.8 million, or 10%, driven by a 14% increase in unit volume, although full-year sales decreased by 6.5% [7][8] - Home Meridian segment reported a fourth quarter net sales increase of $6.3 million, or 21.7%, with gross margin reaching 22.9%, the highest since 2016 [8] - Domestic Upholstery segment experienced a fourth quarter net sales decrease of $2.0 million, or 7%, with a full-year decrease of 9.9% [9] Cash, Debt, and Inventory - Cash and cash equivalents decreased to $6.3 million, down $36.9 million from the previous year-end, largely due to increased accounts receivable and planned inventory increases [11][12] - The company maintained financial flexibility with $41 million in available borrowing capacity under its new loan agreement as of the end of fiscal 2025 [11][12] - Inventory levels increased to support new product collections and mitigate supply disruptions [12] Management Commentary - The CEO highlighted that despite macroeconomic headwinds, the company gained market share in its Legacy divisions throughout fiscal 2025 [6] - The company is focused on cost reduction initiatives to improve operating income and cash flow, including the planned exit of the Savannah warehouse [6] - The management remains optimistic about future market share growth and revenue maximization through merchandising efforts and improved product availability [6]