MARTINSVILLE, Va., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time. A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://investors.hookerfurnishings.com/events and archived for replay. To access the call by phone, participants should go to this l ...

STAMFORD, Conn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that Alan Boehme has been appointed to the Board of Directors, effective August 27, 2025. Andrew Heyer, Chairman of the Board of Directors, stated, "We are thrilled to welcome Alan to our Board. His exceptional track record of driving digital transformation, operatio ...

If we wipe out an industry in this country because it's cheaper to make the stuff overseas, is that a national security risk or are we just nostalgic for a different time when America was still a manufacturing powerhouse. Last week, the president talked about an ongoing 232 investigation, making it furniture, 232, mind you, being a national security kind of tariff president has control over. The president's apparently worried about supply chain risk for furniture, something it seems a little strange, but we ...

Core Viewpoint - La-Z-Boy (LZB) is currently rated as a Zacks Rank 5 (Strong Sell) due to a recent earnings miss and subsequent stock sell-off [1] Company Overview - La-Z-Boy, Inc. is involved in the production, manufacturing, and distribution of residential furniture, operating through Wholesale, Retail, and Corporate and Other segments [2] - The Wholesale segment manufactures and imports various upholstered furniture, while the Retail segment sells these products directly to consumers through company-owned stores [2] Earnings History - The company has beaten the Zacks Consensus Estimate in two of the last four quarters and missed in two, which does not solely determine its Zacks Rank [4] - The most recent quarter reported an EPS of $0.47, missing the consensus estimate of $0.53 by 6 cents, resulting in a negative earnings surprise of 11.3% [5] Earnings Estimates - Recent earnings estimates for La-Z-Boy have been revised downward, with the current fiscal year consensus dropping from $3.20 to $2.86 and the next fiscal year from $3.44 to $2.75 over the last 60 days [6] - The negative movement in earnings estimates is a significant factor contributing to the stock's Zacks Rank of 5 (Strong Sell) [6] Market Context - Many stocks within the Zacks universe are experiencing negative earnings estimate revisions, leading to a broader trend of stocks falling to a Zacks Rank 5 (Strong Sell) [7]

Trade & Tariff - U S furniture sellers may face more tariffs [1]

All right. So, you do about 75% or so of your manufacturing here in the US. You do a lot other uh manufacturing in Mexico and about I think 10% in Honduras.So, you're pretty well positioned also that Mexican manufacturing is covered under USMCA. What do you think this means for your business that a lot of your competitors are going to face potential tariffs, but you won't. Yes.Well, first of all, good to be on on with you. We are positioned well. We are fortunate.You know, we started about 91 years back in ...

Core Viewpoint - The luxury furniture brand RH experienced a decline in stock prices due to President Trump's announcement of potential furniture-specific tariffs, overshadowing previous gains from favorable economic signals [1][2]. Group 1: Stock Performance - RH's shares fell as much as 10% before recovering to a 5% loss on Monday following Trump's tariff announcement [1]. - The stock had previously gained after Federal Reserve Chair Jay Powell hinted at possible interest rate cuts [1]. Group 2: Tariff Implications - Trump announced a major tariff investigation on furniture imports, with results expected in 50 days, potentially leading to new tariffs on furniture from various countries [3]. - Current tariffs on China are around 55%, while those on Vietnam are 20%, raising concerns for furniture makers like RH that have significant exposure to these markets [3]. Group 3: Company Operations - In 2024, RH sourced only 10% of its furniture from the U.S., with the remaining 90% coming from Vietnam, China, Europe, Indonesia, and India [4]. - The company had been recovering, with a 12% revenue increase in the recent quarter, but this was from a low base due to a depressed housing market [5]. Group 4: Market Outlook - New tariffs could hinder RH's recovery, although the company may have the ability to raise prices as a premium manufacturer if lower interest rates stimulate housing demand [5]. - However, if demand remains weak, RH may face pressure to cut prices, impacting profit margins [5].

Speaking of which, let's get to Megan Cassella with the latest out of Washington on those tariffs. Hey, Megan. >> Hey guys, good morning.That's absolutely right. The latest industry really under fire here from this White House talking about new tariffs. All of that new talk stemming from a true social post that the president posted late on Friday in which he said he was pleased to announce that we are doing a major tariff investigation on furniture coming into the United States.He said within the next 50 da ...

Market Trends - Furniture stocks experienced a plunge following Trump's call for a tariff probe [1] News Source - Bloomberg Stock Movers report provides details on the furniture stock plunge [1]

Group 1 - Atour Lifestyle Holdings Limited (ATAT) is a China-based lifestyle brands and hotel company with a current year earnings estimate revised 1.9% downward over the last 60 days [1] - La-Z-Boy Incorporated (LZB) is a furniture company that has seen its current year earnings estimate revised 10.6% downward over the last 60 days [1] - Primo Brands Corporation (PRMB) is a beverage company with a current year earnings estimate revised 14.4% downward over the last 60 days [2]