Hooker Furniture Corporation Stock News

Hooker Furnishings' reliance on Asian imports, especially from China, exposes it to potential tariff disruptions under Trump's policies. Recent earnings show sales declines due to a major retail customer's bankruptcy and decreased volumes and prices, though sales declines are decelerating. Cost-saving measures and restructuring are improving margins, with Home Meridian achieving record gross ma...

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q3 2025 Earnings Conference Call December 5, 2024 9:00 AM ET Company Participants Paul Huckfeldt - Chief Financial Officer Jeremy Hoff - Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company David Storms - Stonegate Capital Markets Operator Good day. Thank you for standing by.

MARTINSVILLE, Va., Dec. 05, 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 third quarter operating results for the period beginning July 29 and ending October 27, 2024.

MARTINSVILLE, Va., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on December 2, 2024, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on December 30, 2024, to shareholders of record on December 13, 2024.

MARTINSVILLE, Va., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2025 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 5, 2024 at 9:00 AM Eastern Time.

Partnership Includes Indoor & Outdoor Home Furnishings for the Residential, Hospitality, & Commercial Markets Partnership Includes Indoor & Outdoor Home Furnishings for the Residential, Hospitality, & Commercial Markets

Hooker Furnishings faces declining sales, operational inefficiencies, and liquidity issues, leading to a downgrade to a 'Sell' rating despite recent cost-cutting measures. The company's stock has underperformed significantly, with a -10% total return since the 'Hold' rating, compared to S&P 500's 24% gain. Elevated debt, declining orders, and a high payout ratio raise concerns about the sustain...

Hooker Furnishings Corporation has faced challenges due to a housing market slowdown and softer demand but has made strategic moves to offload lower-margin businesses. Despite a poor fiscal Q2, the Home Meridian segment showed positive growth, with increased sales and improved gross margins, signaling potential recovery. The company expects significant cost savings and improved inventory manage...