What's Going On With Furniture Company Hooker Furnishings Stock Today? - Hooker Furnishings (NASDAQ:HOFT)

What's Going On With Furniture Company Hooker Furnishings Stock Today? - Hooker Furnishings (NASDAQ:HOFT)

Shares of Hooker Furnishings Corp (NASDAQ:HOFT) were trading lower in premarket on Thursday after the fourth-quarter FY25 earnings. The company reported fourth-quarter FY25 sales growth of 8% year-on-year to $104.46 million, beating the analyst consensus estimate of $101.16 million. The additional week in the current period drove the increase, contributing approximately $7.7 million to consolidated net sales. Segment Revenue: Hooker Branded segm…

Despite stronger sales, charges push net loss for Hooker in Q4 - Furniture Today

MARTINSVILLE, Va. – Hooker Furnishings reported $104.5 million in fourth quarter net sales, an increase of 8% over last year. However, the company attributed $7.7 million of those sales due to an extra week. Without the week, sales were around flat. The company posted a net loss of $2.3 million, compared with a gain of $593,000 seen last year, marking its fourth consecutive loss. It reported $3.1 million in charges, consisting of end-of-life inv…

Hooker Furnishings reports 8% increase in Q4 sales - Home News Now

Company also reports net losses for the quarter and the full year tied to inventory write downs, bad-debt expenses and restructuring costs MARTINSVILLE, Va. — Hooker Furnishings reported an 8% increase in total net sales and a net loss of $2.3 million for the fourth quarter and full year ended Feb. 2. For the full year, it reported an 8% decline in net sales and a consolidated net loss of $12.5 million. Net sales for the quarter totaled $104.5 m…