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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 28, 2024 Commission file number 000-25349 HOOKER FURNISHINGS CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0251350 440 East Commonwealth Boulevard, Martinsville, VA 24112 (Address of principal executive of ices, Zip Code) (276) 632-2133 (Registrant's telephone Indicate by c ...

Core Insights - Stonegate Capital Partners has updated its coverage on Hooker Furniture Corporation (NASDAQ: HOFT) for Q1 FY25, indicating a positive outlook for the company [5]. Financial Performance - Hooker Furniture Corporation maintains margins above 20% [3]. - The company has a strong dividend yield of 5.4% [3]. - The backlog for Hooker Furniture increased approximately 18.4% sequentially [3].

Hooker Furniture (HOFT) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

Management Commentary "The ongoing weak demand that's adversely impacting the furniture industry made our first quarter challenging," said Jeremy Hoff, Chief Executive Officer. "However, we remain confident that the strategies we are pursuing in operations, marketing and merchandising are transformative. Times like these present an opportunity to recalibrate and even reinvent aspects of our business," he said. EXHIBIT 99.1 Hooker Furnishings Reports First Quarter Operating Results and Cost Reduction Plan MA ...

MARTINSVILLE, Va., June 06, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ- GS: 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 first quarter operating results for the period beginning January 29 and ending April 28, 2024. Fiscal 2025 first quarter overview and expected cost reductions: Management Commentary "The ongoing weak demand that's adversely impacting the furniture industry mad ...

Hooker Furnishings Corporation, in its 100th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, di ...

Hooker Furnishings Corporation, in its 100th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, di ...

Hooker Furnishings Corporation (HOFT) is slated to report its first-quarter fiscal 2025 (ended on Apr 28, 2024) earnings on Jun 6, before market open. In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 40% but improved from a loss of $1.60 per share in the year-ago quarter. Net sales missed the consensus mark by 2.9% and declined 26.3% from the prior-year's level. Trend in Estimate Revision The Zacks Consensus Estimate is pegged at a loss of 3 cents per share. In the ...