Hooker Furnishings' Q2 Loss Wider Than Expected, Sales Top [Yahoo! Finance]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: Yahoo! Finance
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. Furthermore, the absence of the ACH product line, which the company exited during fiscal 2024, accounted for approximately 35% of the consolidated sales decrease. The bottom line was hurt mainly because of low sales volume and under-absorbed expenses. Nonetheless, going forward, HOFT aims to focus on reducing non-strategic costs while continuing to invest in revenue and profit-generating initiatives. HOFT's Q2 in Detail Hooker Furnishings reported an adjusted loss of 19 cents per share, wider than the Zacks Consensus Estimate of loss of 13 cents per share. In the prior-year quarter, it reported adjusted earnings per share of 7
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HOFT
News
- Hooker Furnishings to Host Third Quarter Earnings Call December 5thGlobeNewswire
- With 70% ownership in Hooker Furnishings Corporation (NASDAQ:HOFT), institutional investors have a lot riding on the business [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings (NASDAQ:HOFT) Could Be Struggling To Allocate Capital [Yahoo! Finance]Yahoo! Finance
- Home Trends & Design Welcomes Frank Richardson as Director of Business Development [Yahoo! Finance]Yahoo! Finance
- HOFT Expands Market Reach by Partnering With Margaritaville [Yahoo! Finance]Yahoo! Finance
HOFT
Earnings
- 9/5/24 - Miss
HOFT
Sec Filings
- 11/1/24 - Form SCHEDULE
- 10/25/24 - Form SC
- 10/10/24 - Form SCHEDULE
- HOFT's page on the SEC website