Hooker Furnishings' Q2 Loss Wider Than Expected, Sales Top

Hooker Furnishings Corporation (HOFT) reported mixed results for the second quarter of fiscal 2025 (ended July 28, 2024). Its adjusted loss was wider than the Zacks Consensus Estimate while net sales surpassed the same. On a year-over-year basis, the bottom and the top line declined. The quarterly results were hurt by the ongoing sluggish demand in the home furnishings retail industry attributable to the high interest rates and subdued housing activity, along with other macroeconomic uncertainties. Furtherm ...