HOFT

Image source: The Motley Fool. Friday, Sept. 11, 2026 at 9:00 a.m. ET Senior Vice President and Chief Financial Officer - C. Earl Armstrong Chief Executive Officer - Jeremy R. Hoff Operator: Good day, and thank you for standing by. Welcome to the Hooker Furnishings Corp second Quarter 27 Earnings Webcast. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Earl Armstrong, Senior Vice President and Chief Financial Officer. Please go ahead. C. Earl Armstrong: Thank you, Tanya, and good morning, everyone. Welcome to our quarterly conference call to review financial results for the fiscal 27 second quarter. Which began on 05/04/2026 and ended on 08/02/2026. Joining me today is Jeremy R. Hoff, our chief executive officer. We appreciate your participation. During our call, we may make forward looking statements, which are subject to risk and uncertainties. A discussion of factors that could cause our actual results to differ materially from management's expectations is contained in our press release and SEC filing announcing our fiscal 2027 second quarter results. Any forward looking statement speaks only as of today, and we undertake no obligation to update or revise any forward looking statement to reflect events or circumstances after today's call. Before we jump into results, we want to discuss tariffs. We have included a table in our earnings release showing the impacts of this quarter's tariff recoveries by operating segment and for the total company. Obviously, tariff recovery significantly and favorably impacted our Q2 results. However, it is important to note that tariff costs significantly and adversely affected our prior year results too. Prior to the US Supreme Court's February 2026 decision, invalidating IEPA tariffs, We incurred an estimated 10.3 million of cumulative pretax costs related to tariffs in our fiscal year 2026 results, which significantly exceeded the tariff recoveries we are reporting today. In fiscal 26, we reported a net loss of nearly $27 million Following the imposition of AIPA tariffs, beginning in April 2025, we elected to honor pricing on existing customer backlog. And for competitive and administrative reasons, did not immediately adjust pricing on certain other products. Our pricing reflects our total cost structure and the competitive and macroeconomic environment in which we operate. With tariffs being only 1 of many factors considered. Onto results. Despite continued weaknesses in the housing market, soft retail demand for furniture and home furnishings, and persistent macroeconomic challenges, delivered consolidated net income of $1.7 million marking our third consecutive profitable quarter. Results benefited from tariff recoveries received during the quarter, the sustained impact of our prior cost reduction initiatives and improved profitability in our reportable segments. Consolidated net sales decreased $6 million or about 9% compared to the prior year period. Reflecting lower sales across each of our operating segments. Despite the sales decline, gross profit increased $2.9 million and gross margin improved 690 basis points to 31.8%. While operating income improved to $1.3 million compared to an operating loss of $0.5 million in the prior year period. Now I will turn the call over to Jeremy for his comments on fiscal 2027 second quarter results. Jeremy R. Hoff: Thank you, Earl. Good morning, everyone. The significant cost we incurred due to the AIPA tariffs significantly and adversely affected our prior year results and we are grateful to have recovered some of those costs in our fiscal 27 second quarter. The substantial administrative burden of these tariffs placed on our team over many months cannot be recovered. In addition to the tariffs paid, we incurred incremental costs associated with the IEPE tariffs, including increased customs bond cost, legal and professional fees, financing and working capital cost, and other administrative and supply chain related expenses. Although we do not believe that the tariff recoveries make us whole for the significant cost incurred by us in fiscal 26, I am grateful to the Hooker team for their persistence and extraordinary effort in navigating an unprecedented and highly complex environment and ultimately securing these recoveries for our shareholders. We are also deeply appreciative of the commitment and partnership of our suppliers and customers as we navigated this period of extraordinary uncertainty for our industry. We are encouraged to report $1.7 million in consolidated net income for the quarter. Marking our third consecutive quarter of profitability and a $4.9 million improvement over the prior year second quarter. These results were achieved despite continued weakness in the housing activity, low consumer confidence and the seasonally softer demand environment we typically experience in the first half of our fiscal year. The improvement reflects the benefit of tariff recoveries received during the quarter. As well as the sustained impact of the $17.5 million in annualized fixed cost reductions implemented across continuing operations in the prior year. These actions have helped position us to remain profitable despite continued pressure on sales. From a segment perspective, Hooker Branded and Domestic Upholstery both delivered improved profitability compared to the prior year quarter. Hooker Branded benefited from tariff recoveries and higher selling prices, while domestic upholstery benefited from tariff recoveries, lower imported material cost and improved overhead absorption. In addition to tariff recoveries, Hooker branded profitability was impacted by shifts in channel and sales mix dynamics during the quarter. Seasonally softer summer shipments to brick and mortar retailers resulted in a greater mix of e commerce sales along with targeted promotional activity designed to support consumer engagement. The combination of channel mix and elevated promotional activity pressured margins during the quarter. We expect promotional activity to normalize during the second half of the fiscal year, much like we saw in July, the last month of our fiscal second quarter. it is important to note that our core fiscal July results absent any tariff recoveries, showed significant improvement over prior year as we had mitigated many of the supply challenges referenced earlier. We believe that positive momentum will continue into the second half of the fiscal year. Now I want to turn the discussion back over to Earl, who will discuss highlights in each of our segments along with our cash, debt, inventory and capital allocation strategies. C. Earl Armstrong: Thank you, Jeremy. Starting with Hooker Branded, net sales decreased $1 million or 4.5% in the second quarter, primarily due to lower unit volume, higher promotional discounts and key SKU out-of-stocks due to significantly longer lead times out of Asia. These headwinds were partially offset by higher average selling prices. Inventory constraints in imported upholstery that began in the first quarter had largely eased by quarter end. Despite the decrease in sales, Hooker Branded gross profit increased $3.2 million and gross margin improved by 1.05 thousand basis points to nearly 40%. The improvement primarily reflected tariff recoveries and higher selling prices. Partially offset by promotional discounting and higher warehousing and distribution costs. This segment generated $0.87 million of operating income for the quarter, compared with approximately breakeven results in the prior year period. Backlog increased nearly 35% compared to the prior year second quarter. Turning now to domestic upholstery. Net sales decreased $1.5 million or 5.3% in the second quarter. His lower sales of upscale leather and custom fabric upholstery were partially offset by double digit growth in private label and outdoor furnishings. Gross profit increased $928 thousand and gross margin improved 450 basis points to 23%. Supported by tariff recoveries on imported materials, lower imported material costs, and improved overhead absorption. Segment generated operating income of $833 thousand compared with an operating loss of $408 thousand in the prior year quarter. Reflecting the improved gross margin as well as the benefit of previously implemented cost reduction actions. Domestic upholstery's backlog increased nearly 5% compared to the prior year quarter. Primarily reflecting higher private label orders. In all other, net sales decreased $2.8 million or about 66% in the second quarter, primarily due to project timing in its hospitality business with approximately 80% of first half shipment occurring during the first quarter. Lower second quarter shipments resulted in an operating loss for the quarter. However, the business remained profitable for the first 6 months of fiscal 27. Turning to disc ops. Although the divestiture was completed in the prior fiscal year, disc ops generated second quarter pretax income of $587 thousand reflecting tariff recoveries customer related adjustments and other post divestiture activity. Results included approximately $1.6 million of tariff recoveries recognized as a reduction of cost of sales partially offset by approximately $0.6 million of customer credits recorded as a reduction of revenue. Current period activity also included approximately $0.5 million of additional charges arising from a net settlement of various divestiture related balances with the buyer. Turning now to cash, debt, and inventory. Cash and cash equivalents stood at $18.7 million at quarter end. An increase of $8.1 million from the end of the first quarter and $17.5 million from the fiscal 26 year end. Cash generated from operations during the first 6 months was $24 million. Cash was used to repay $3.6 million on our credit facility, distribute $0.5 million in cash dividends, repurchase $1.3 million of our common shares, and fund $1.1 million in CapEx. Inventory levels decreased by $5.3 million from 48.7 million at fiscal 26 year end to $43.4 million at the end of the second quarter. We maintained our financial flexibility with $1.8 million in available borrowing capacity under our amended and restated loan agreement at quarter-end net of standby letters of credit. And no outstanding balances on the facility. As of yesterday, we had approximately $21 million in cash on hand. Finally, I will discuss our capital allocation strategy. During the first 6 months of fiscal 27, we repurchased 92.4 thousand shares of our common stock for approximately $1.3 million at an average price of $13.68 per share. At quarter end, approximately $3.7 million remained available for future purchases under our $5 million share repurchase authorization. As we position the company for sustainable growth, the share repurchase program and adjusted dividend continue to provide a balanced framework for returning capital to shareholders. While preserving flexibility to invest in strategic priorities. We believe this approach supports both near term returns and long term shareholder value. Now I will turn the discussion back to Jeremy for his outlook. Jeremy R. Hoff: Thank you, Earl. Looking to the second half of fiscal 27, consumer spending remains selective. Housing turnover and big ticket discretionary demand remain weak, and we do not expect meaningful near term improvement in market conditions. At the same time, the changes we have made to our cost structure and portfolio are delivering tangible benefits and should help position us to deliver improved results compared with the prior year period even if current conditions persist. With the major cost reduction initiatives behind us our focus is on disciplined execution across our core businesses Consolidated backlog increased 6.2% compared to prior year second quarter and 8.4% sequentially led by Hooker Branded and Domestic Upholstery. We are also encouraged by the continued retailer response to Margaritaville. We now have commitments for approximately 100 in-store galleries and 10 freestanding retail stores, Shipments began in the second quarter and are expected to build through the second half of fiscal 27 and into fiscal 28. We believe we are well positioned to capitalize on opportunities as demand recovers. This ends the formal part of our discussion and at this time, I will turn the call back over to our operator, Tanya, for questions. Operator: Thank you. *1 on your telephone and wait for your name to be announced. To withdraw your question, please And our first question will be coming from the line of Anthony Lebiedzinski of Sidoti. Your line is open. Anthony Lebiedzinski: Thank you, and good morning, everyone, and thanks for taking the questions. Certainly nice to see the improved profitability in the quarter. First, just wanted to ask, as far as the impact of the key SKU out of stocks at Hooker Branded, How significant was this? I mean, it sounds like it is no longer an issue, but, just wanted to see if you could, comment further on that topic, please. Jeremy R. Hoff: You know, I cannot comment. Further specifically, but it was definitely a headwind for us. And it had a lot to do with lead times overseas, which extended unpredictably. So as I mentioned in the script, you know, the July, we feel like we started to get through that you know, once we reach July and you know, our results in that month of the quarter you know, gave us pretty positive view of where we can be in the second half. Anthony Lebiedzinski: Okay. Thanks. And then, you know, as far as domestic upholstery, just curious, you know, what is the mix of business nowadays between private label and outdoor products and, custom upholstery. I mean, kind of where is that business nowadays, and how do you see that going forward? C. Earl Armstrong: We tend to look at it at the segment level, Anthony. And I think that is basically all we can say at this point. I think we are seeing strength in outdoor furnishings especially given the seasonality And like we mentioned, private label too. Is doing well. Jeremy R. Hoff: Yeah. I will mention too with outdoor, this year, we do not have a warehouse move from Savannah, for example, for Sunset West. We do not have, early in earlier in the game, they had an ERP conversion with D365. So they have got, as clear of a path as they have had you know, due to us not having those type of movements going on. So it is it is a it is really good business for us, and the category is strong. So we are we are excited about the opportunity. Anthony Lebiedzinski: that is good to hear. Okay. And then just curious you mentioned that shipments of Margaritaville started late in the quarter. Just wondering if you could comment on the revenue from Margaritaville and how should we think about the second half of the year as it relates to Margaritaville? Jeremy R. Hoff: We cannot get specific on that, but I will tell you that, you know, a big part of it is gonna be in the second half. Which we are in now. And, many of those galleries are opening throughout the country. So that is probably all I could say on that. Anthony Lebiedzinski: Okay. And then just to follow-up on the galleries. You know, as far as those are concerned, I know you talked about 100 of those being open. But as far as, you know, the cost to do those galleries, is that being done by you guys or by the retailers and, like-- I know you-- just wondering about if you could comment on that and, you know, if you could share more details That will not be significant. Jeremy R. Hoff: To our capital allocation. Anthony Lebiedzinski: Okay. Gotcha. Okay. And lastly for me, I mean, so we just had Labor Day, which is an important holiday for the home furnishings industry. I know it is only been a few days since the holiday, but you know, if you can share any comments as to what you have heard from your retail customers about Labor Day, even in small anecdotes would be helpful. Jeremy R. Hoff: I think that, I mean, the feedback that we have received has been you know, fairly positive. You know, I have been in this, I think, 30 years. And I think every 1 of those 30 years, retailers, our partners are always grateful to be at the end of summer and actually to a point where you can start the fall. So I think there is a lot of optimism for just getting into that fall selling season. And I think Labor Day was reasonably good. Okay. Thanks very much, and best of luck. Yeah. Appreciate it, Anthony. Thank you. Operator: And our next question will be coming from the line of Dave Storms of Stonegate. Your line is open, Dave. Dave Storms: Morning, and appreciate you taking my questions. Wanted to maybe start with your comments around promotions expected to come down in the second half here. In light of the challenging macro environment, how should we be thinking about maybe your confidence to bring down promotions despite the macro environment? Jeremy R. Hoff: High confidence that because we already we are already mentioned July, and you know, you do that in the summer months, You just simply do not balance it enough with enough regular business. So we are confident that is not gonna be a trend moving forward. Dave Storms: Understood. So then looking into the second half here, should that follow pretty regular seasonality with maybe a little bit of Margaritaville input? Or, I guess, maybe a kind of different way, how should we think about price and mix and volume discounting in the second half? Jeremy R. Hoff: I think you should think about it as, where we would normalize more and have-- we are we are pretty optimistic on the second half. Dave Storms: Understood. And I gotta imagine the strong backlog that you have gives you a healthy dose of confidence there. Is there anything more you can tell us about the backlog? Maybe the texture of the margins, how much of that is Margaritaville, anything in that vein? Jeremy R. Hoff: cannot get that specific, but there is-- we are encouraged by our backlog, and we feel good about the second half. Dave Storms: Understood. And then maybe just 1 more on Margaritaville. I know you have mentioned it. A couple times here. You know, very excited to see how that develops over the next 6 to 12 months. But how should we be thinking about the sales funnel evolving from last quarter to this quarter? Are you seeing more firm commitments? Is you know, I know you started shipping a little bit. Just anything more there would be great. Jeremy R. Hoff: You know, overall, with Margaritaville, we just continue to be really encouraged by the amount of support participation that our partners are giving us. There is a as excited about the brand as we are. And there is gonna be a significant amount of what if you think about 100 gallery commitments and 10 retail stores, that is that is real estate that we did not have before. So we feel really good about our position in that and our ability to gain some market share in a different way than Hooker. 1 thing that is encouraging for us is that is not taking you know, Hooker's position in the marketplace. So it is it is real-- it could-- it has a chance to be really accretive to our business and give us a real chance of growth in those categories. Understood. No. We are really looking forward to see how that shakes Thank you for taking our questions, and good luck on the next quarter. Yeah. Thank you. We appreciate it. Operator: And I would now like to turn the call back to Jeremy for closing remarks. Jeremy R. Hoff: Thank you. I would like to thank everyone on the call for their interest in Hooker Furnishings. We look forward to sharing our fiscal 2027 third quarter results in December. Take care. Operator: And this concludes today's conference call. Thank you for participating. You may now disconnect. Before you buy stock in Hooker Furnishings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hooker Furnishings wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $409,917!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,341,724!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of September 11, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Hooker Furnishings (HOFT) Q2 2027 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved a third consecutive quarter of profitability despite a 9% sales decline, driven primarily by significant tariff recoveries and prior cost-reduction initiatives. Management noted that while tariff recoveries were favorable, they do not fully offset the $10.3 million in cumulative pretax costs and administrative burdens incurred in fiscal 2026. Hooker Branded margins were pressured by a seasonal shift toward e-commerce and elevated promotional activity intended to maintain consumer engagement during the summer. Domestic Upholstery performance benefited from lower imported material costs and improved overhead absorption, offsetting lower sales in upscale leather and custom fabric. Operational efficiency was bolstered by the sustained impact of $17.5 million in annualized fixed cost reductions implemented in the prior year. Supply chain challenges, specifically key SKU out-of-stocks caused by extended lead times from Asia, began to ease by the end of the second quarter. The 'All Other' segment experienced a sharp revenue decline due to project timing in the hospitality business, with the majority of first-half shipments concentrated in Q1. Management expects promotional activity to normalize in the second half of the fiscal year, citing positive trends observed in July as a baseline for recovery. The Margaritaville brand launch is expected to build momentum through fiscal 2028, with commitments for 100 in-store galleries and 10 freestanding retail stores providing new market share opportunities. Guidance assumes continued weakness in housing turnover and big-ticket discretionary demand, with no meaningful near-term improvement expected in the macro environment. The company anticipates improved year-over-year results in the second half, supported by a 6.2% increase in consolidated backlog and a leaner cost structure. Capital allocation will remain balanced between share repurchases and dividends while preserving flexibility for strategic investments. Tariff recoveries significantly impacted results but were partially offset by $0.6 million in customer credits and $0.5 million in settlement charges related to a prior divestiture. Inventory levels were reduced by $5.3 million since fiscal 2026 year-end, reflecting disciplined working capital management. Management highlighted that the administrative burden and incremental costs of tariffs, such as legal fees and increased customs bond costs, remain unrecovered. Key SKU out-of-stocks in the Hooker Branded segment served as a significant headwind, though supply chain constraints for imported upholstery have largely resolved. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed that unpredictable lead times from Asia created a significant headwind for the Hooker Branded segment. July results indicated that these supply challenges have been largely mitigated, providing a more positive outlook for the second half of the year. Management declined to provide specific revenue figures but noted that the majority of the impact will occur in the second half of the year as galleries open. The capital expenditure required for the 100 gallery commitments is not expected to be significant to the company's overall capital allocation strategy. Management expressed high confidence that elevated promotional levels will not trend forward, as the summer imbalance between promotions and regular business has stabilized. The company expects a return to normalized pricing and mix in the second half of the fiscal year. Early feedback from retail partners regarding Labor Day was described as reasonably good. Management noted a sense of optimism among retailers as the industry transitions from the seasonally slow summer into the fall selling season.

Interested in Hooker Furnishings Corp.? Here are five stocks we like better. Hooker Furnishings returned to profitability: Fiscal Q2 net income was $1.7 million, up $4.9 million year over year, despite a 9% sales decline. Gross margin expanded to 31.8% as tariff recoveries and $17.5 million in annualized cost reductions boosted results. Core segments improved operationally: Hooker Branded and Domestic Upholstery both reported higher gross profit, stronger margins and operating income, while consolidated backlog rose 6.2% year over year. Hospitality timing weighed heavily on the “all other” category. Management remains cautious but financially stronger: Weak housing activity and selective consumer spending are expected to persist, although cash increased to $18.7 million and first-half operating cash flow reached $24 million. The company expects second-half improvement and is expanding its Margaritaville business through roughly 100 in-store galleries and 10 freestanding stores. 2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding Hooker Furnishings (NASDAQ:HOFT) reported fiscal 2027 second-quarter net income of $1.7 million, its third consecutive profitable quarter, as tariff recoveries, prior cost reductions and improved segment profitability helped offset lower sales and continued weakness in housing and furniture demand. The quarter covered May 4, 2026, through Aug. 2, 2026. Consolidated net sales declined by $6 million, or about 9% from the prior-year period, with sales down across all operating segments. However, gross profit rose $2.9 million and gross margin expanded 690 basis points to 31.8%. Operating income improved to $1.3 million from an operating loss of $0.5 million a year earlier. → 3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now Hooker Furnishings Discount To Book, A Value Play? Chief Executive Officer Jeremy Hoff said the company’s $1.7 million in net income represented a $4.9 million improvement from the fiscal 2026 second quarter. He attributed the results to tariff recoveries received during the period and the continuing effect of $17.5 million in annualized fixed-cost reductions implemented across continuing operations in the prior year. Senior Vice President and Chief Financial Officer Earl Armstrong said tariff recoveries had a significant favorable effect on the second-quarter results. He noted, however, that the company had incurred an estimated $10.3 million of cumulative pre-tax tariff costs during fiscal 2026 before the U.S. Supreme Court’s February 2026 decision invalidating IEEPA tariffs. → Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal Why Hooker Furniture Should be a Small Cap Portfolio Fixture Hooker Furnishings reported a net loss of nearly $27 million in fiscal 2026. The company had elected to honor pricing on existing customer backlog after IEEPA tariffs began in April 2025 and did not immediately adjust certain other product prices for competitive and administrative reasons, Armstrong said. Hoff said the recoveries did not make the company whole for the costs incurred, including customs bond costs, legal and professional fees, financing and working-capital expenses, and other administrative and supply-chain-related costs. → Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk Hooker Branded net sales fell $1.6 million, or 4.5%, due primarily to lower unit volume, higher promotional discounts and out-of-stock key stock-keeping units resulting from extended and unpredictable overseas lead times. Higher average selling prices partly offset those pressures. Armstrong said imported upholstery inventory constraints that began in the first quarter had largely eased by the end of the second quarter. Hooker Branded gross profit increased $3.2 million, while gross margin rose 1,050 basis points to nearly 40%. The segment generated operating income of $870,000, compared with approximately break-even results in the prior-year quarter. Its backlog increased nearly 35% from the prior-year second quarter. Domestic Upholstery sales declined $1.5 million, or 5.3%, as lower sales of upscale leather and custom fabric upholstery were partly offset by double-digit growth in private-label and outdoor furnishings. Gross profit rose $928,000 and gross margin improved 450 basis points to 23%. The Domestic Upholstery segment posted operating income of $833,000, compared with an operating loss of $408,000 a year earlier. Armstrong cited tariff recoveries on imported materials, lower imported-material costs, improved overhead absorption and previously implemented cost reductions. Backlog rose nearly 5%, driven primarily by higher private-label orders. In the company’s “all other” category, sales declined $2.8 million, or about 66%, because of hospitality project timing. Approximately 80% of first-half hospitality shipments occurred in the first quarter, resulting in lower second-quarter shipments and an operating loss for the period. The business remained profitable for the first six months of fiscal 2027, according to Armstrong. Discontinued operations generated second-quarter pre-tax income of $587,000, reflecting tariff recoveries, customer-related adjustments and post-divestiture activity. The results included about $1.6 million in tariff recoveries recognized as lower cost of sales, partly offset by approximately $0.6 million in customer credits and roughly $0.5 million of additional charges tied to settlements of divestiture-related balances with the buyer. Cash and cash equivalents totaled $18.7 million at quarter-end, up $8.1 million from the end of the first quarter and $17.5 million from fiscal year-end. The company generated $24 million of operating cash flow in the first six months of fiscal 2027. Repaid $3.6 million on its credit facility. Paid $2.5 million in cash dividends. Repurchased $1.3 million of common stock. Invested $1.1 million in capital expenditures. Inventory declined $5.3 million from fiscal year-end to $43.4 million. The company had $51.8 million in available borrowing capacity under its amended and restated loan agreement at quarter-end, net of standby letters of credit, with no outstanding balances on the facility. Armstrong said Hooker Furnishings had about $21 million in cash on hand as of the day before the call. During the first half, the company repurchased 92,357 shares for approximately $1.3 million, or an average of $13.68 per share. About $3.7 million remained available under its $5 million share repurchase authorization at the end of the quarter. Hoff said consumer spending remains selective, while housing turnover and demand for big-ticket discretionary purchases remain weak. The company does not expect a meaningful near-term improvement in market conditions. Still, management said the revised cost structure and portfolio changes should support improved results in the second half compared with the prior-year period if current conditions persist. Consolidated backlog increased 6.2% from the prior-year second quarter and 8.4% sequentially, led by Hooker Branded and Domestic Upholstery. Hoff also pointed to the company’s Margaritaville business as an area of opportunity. Hooker Furnishings has commitments for about 100 in-store galleries and 10 freestanding retail stores. Shipments began in the second quarter and are expected to build through the second half of fiscal 2027 and into fiscal 2028. Management expects promotional activity, which pressured Hooker Branded margins during the summer, to normalize in the second half. Hoff said July results excluding tariff recoveries showed significant improvement from the prior year as supply challenges eased, and he said the company was optimistic about the second half. Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary. The company's operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Hooker Furnishings Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

MARTINSVILLE, Va., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today reported its operating results for its fiscal 2027 second quarter ended August 2, 2026. Key Results for the Fiscal 2027 Second Quarter and First Half: Significant adverse impact of tariffs in the prior year. In February 2026, the U.S. Supreme Court (SCOTUS) ruled that certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were not authorized by statute. In March 2026, the U.S. Court of International Trade directed U.S. Customs and Border Protection to implement a refund process for previously collected duties. Prior to the U.S. Supreme Court’s February 2026 decision invalidating the IEEPA tariffs, the Company incurred an estimated $10.3 million of cumulative pre-tax costs related to tariffs in fiscal year 2026, which had a significant adverse impact on the fiscal 2026 results, and significantly exceeded the tariff recoveries the Company is reporting today. Factors contributing to the prior-year tariff impact. Following the imposition of IEEPA tariffs beginning in April 2025, the Company elected to honor pricing on its existing customer backlog and, for competitive and administrative reasons, did not immediately adjust pricing on certain other products. Net sales remained under pressure. Consolidated net sales decreased by $6.0 million, or 8.7%, in the second quarter and $7.7 million, or 5.5%, in the first six months. Tariff recoveries. The Company received $7.9 million in tariff recoveries during the quarter. Of this amount, continuing operations recognized approximately $4.3 million as a reduction of cost of sales and $0.2 million of related interest income, partially offset by approximately $0.5 million of customer credits recorded as a reduction of revenue. Discontinued operations recognized approximately $1.0 million of net pre-tax benefit. Approximately $1.8 million of the tariff recoveries had not yet impacted cost of sales and was recorded as a reduction in inventory carrying values at quarter end. The Company does not expect to receive material additional tariff recoveries. Hooker Branded sales reflected lower volume and higher promotional discounts. Hooker Branded net sales declined 4.5% in the second quarter and 4.6% in the first six months, as lower unit volume and higher promotional discounts more than offset higher average selling prices. Domestic Upholstery benefited from growth in private-label and outdoor furnishings. Gross margin increased by 450 basis points in the second quarter and 180 basis points in the first six months, supported by tariff recoveries on imported materials, lower imported-material costs, and improved overhead absorption. All Other results reflected softer hospitality industry demand and timing of project activity. Despite a second-quarter operating loss driven by lower shipments, the business was profitable for the first six months, with approximately 80% of first-half shipments occurring in the first quarter. Maintaining S&A discipline. Second quarter and year-to-date S&A reflect the sustained benefit of more than $17.5 million in annualized cost reductions implemented across our continuing operations in prior fiscal years. Higher expenses in Hooker Branded were primarily driven by certain administrative costs retained following the Home Meridian segment divestiture, partially offset by benefits from previously implemented cost-reduction and consolidation actions in Domestic Upholstery and All Other. Continued operating profitability. Operating income was $1.3 million for the second quarter and $2.9 million for the first six months, compared with operating losses of $0.5 million and $1.0 million, respectively, in the prior-year periods. Backlog strengthened sequentially and year over year. Consolidated backlog increased by 6.2% from the prior-year second-quarter end and by 8.4% from the end of the first quarter, led by Hooker Branded and Domestic Upholstery, reflecting improved order momentum across key businesses. Executive Commentary “The significant costs we incurred due to the IEEPA tariffs significantly and adversely affected our prior-year results, and we are grateful to have recovered some of those costs in our fiscal 2027 second quarter,” said Jeremy Hoff, Chief Executive Officer. “The substantial administrative burden these tariffs placed on our team over many months cannot be recovered. In addition to the tariffs paid, we incurred incremental costs associated with the IEEPA tariffs, including increased customs bond costs, legal and professional fees, financing and working-capital costs, and other administrative and supply-chain-related expenses. Although we do not believe that the tariff recoveries make us whole for the significant costs incurred by us in fiscal 2026, I am grateful to the Hooker team for their persistence and extraordinary effort in navigating an unprecedented and highly complex environment and ultimately securing these recoveries for our shareholders. We are also deeply appreciative of the commitment and partnership of our suppliers and customers as we navigated this period of extraordinary uncertainty for our industry.” “Our quarterly results benefited from tariff recoveries received during the quarter, as well as the sustained impact of approximately $17.5 million annualized fixed cost reductions implemented across our continuing operations in the prior year.” “We are encouraged to report $1.7 million in consolidated net income for the quarter, marking our third consecutive quarter of profitability and a $4.9 million improvement over the prior-year second quarter,” he continued. “These results were achieved despite a challenging demand environment characterized by continued weakness in housing activity, low consumer confidence and lower seasonal demand we typically experience in the first half of our fiscal year.” “In addition to tariff recoveries, Hooker Branded profitability was impacted by shifts in channel and sales mix dynamics during the quarter. Seasonally softer summer shipments to brick-and-mortar retailers resulted in a greater mix of e-commerce sales, along with targeted promotional activity designed to support consumer engagement. The combination of channel mix and elevated promotional activity pressured margins during the quarter. We expect promotional activity to normalize during the second half of the fiscal year. Domestic Upholstery’s performance was driven by tariff recoveries and operational efficiencies implemented last fiscal year,” he continued. “Looking forward, retailer commitments to Margaritaville products, galleries, and free-standing stores continue to exceed our expectations. Shipments began in late Q2 and are expected to scale over the second half of fiscal 2027 and into fiscal 2028. Importantly, our fiscal July results, absent any tariff recoveries, showed significant improvement over prior year. We believe that positive momentum will continue into the second half of the fiscal year,” Hoff concluded. Segment Reporting Hooker BrandedNet sales decreased by $1.6 million, or 4.5%, in the second quarter and $3.4 million, or 4.6%, in the first six months, reflecting lower unit volume, higher promotional discounts, and key SKU out-of-stocks, due to significantly longer lead times out of Asia, partially offset by higher average selling prices. Gross profit increased by $3.2 million and $6.0 million, while gross margin expanded by 1,050 and 1,000 basis points, respectively, primarily due to tariff recoveries and higher selling prices. Inventory constraints in imported upholstery that began in the first quarter had largely eased by second quarter-end. The segment reported operating income of $870,000 in the second quarter and $2.1 million in the first six months, compared with approximately breakeven results in both corresponding prior-year periods. Backlog increased by 34.7% compared with the end of the prior-year second quarter. Domestic UpholsteryNet sales decreased by $1.5 million, or 5.3%, in the second quarter and $2.1 million, or 3.6%, in the first six months, as lower sales of upscale leather and custom fabric upholstery were partially offset by double-digit growth in private-label and outdoor furnishings. Gross profit increased by $928,000 and $613,000, while gross margin improved by 450 and 180 basis points, respectively, supported by tariff recoveries on imported materials, lower imported-material costs, and improved overhead absorption. The segment reported second-quarter operating income of $833,000, compared with an operating loss of $408,000 in the prior-year period, and backlog increased by 4.8% compared with the end of the prior-year second quarter. All OtherHospitality business net sales decreased by $2.8 million, or 65.8%, in the second quarter and $2.2 million, or 23.5%, in the first six months, primarily due to project timing, with approximately 80% of first-half shipments occurring during the first quarter. Lower second-quarter shipments resulted in an operating loss for the quarter; however, the business remained profitable for the first six months. Discontinued OperationsAlthough the Home Meridian divestiture was completed in the prior fiscal year, discontinued operations generated pre-tax income of $587,000 in the second quarter, reflecting tariff recoveries, customer-related adjustments and other post-divestiture activity. Cash, Debt, and Inventory Cash and cash equivalents increased to $18.7 million at the end of the second quarter, with no outstanding term loan balance, compared to $10.6 million at the end of the first quarter and $1.1 million at fiscal 2026 year-end, primarily reflecting tariff refund proceeds and accounts receivable collections. $24.0 million in cash generated from operations was used to repay $3.6 million of principal amount of outstanding loans, distribute $2.5 million in cash dividends, provide $1.3 million for share repurchases under the previously authorized $5 million share repurchase program, and fund $1.1 million in capital expenditures. Inventory levels decreased by $5.3 million from $48.7 million at year-end to $43.4 million at current quarter-end. Despite these outflows, the Company maintained its financial flexibility with $51.8 million in available borrowing capacity under its Amended and Restated Loan Agreement as of fiscal quarter-end, net of standby letters of credit, and no outstanding balance on the credit facility. Capital Allocation “In late fiscal 2026, we announced that our Board authorized a new $5 million share repurchase program,” said Earl Armstrong, Senior Vice President and Chief Financial Officer. “Through the fiscal 2027 second quarter, we have repurchased 92,357 shares of our common shares at an average price of $13.68 per share, with approximately $3.7 million remaining available for future purchases under the authorization.” “As we position the Company for sustainable growth, the new share repurchase program and adjusted dividend provide a balanced framework for returning capital to shareholders while preserving flexibility to invest in strategic priorities,” said Armstrong. “We believe this approach supports both near-term returns and long-term shareholder value,” he concluded. Outlook “Consumer spending is selective and housing turnover and big-ticket discretionary demand remain weak. The Department of Commerce’s July advance monthly estimates showed retail sales for furniture and home furnishings stores were essentially flat sequentially from June and down 1.2% year-over-year. Existing home sales declined 1.7% month over month to a 4.1 million annualized rate, remaining at historically low levels. Additionally, consumer sentiment fell 6.3% in August and headline CPI remains elevated at 3.4%, although core inflation eased to 2.5%. All of these factors, not to mention increased financing costs, directly pressure discretionary purchasing power. Additionally, we continue to monitor tariff developments.” “Looking to the second half of fiscal 2027, we do not expect meaningful near-term improvement in market conditions. At the same time, the changes we have made to our cost structure and portfolio are delivering tangible benefits, and we believe they position us to deliver improved results compared with the prior-year period, even if current conditions persist,” he continued. “With the cost cutting efforts behind us, our focus is on disciplined execution across our core businesses and converting improving order momentum into sales. The actions taken over the past 18 to 24 months have created a leaner, more disciplined operating model that we believe can deliver stronger and more consistent earnings over time.” “We are also encouraged by the continued retailer response to Margaritaville, with commitments to approximately 100 in-store galleries and 10 free-standing retail stores to date, roughly double the level reported in December. Shipments began in the second quarter and are expected to build through the second half of fiscal 2027 and into fiscal 2028. Combined with continued momentum in incoming orders across our core businesses, we believe we are well positioned to capitalize on opportunities as demand recovers,” Hoff concluded. Conference Call Details Hooker Furnishings will present its fiscal 2027 second quarter financial results via teleconference and live internet webcast on Friday morning, September 11th, 2026 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 link (registration link) and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call fifteen minutes ahead of the scheduled start time. About Hooker Furnishings Hooker Furnishings Corporation, in its 102nd year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, HF Custom (formerly Sam Moore), a specialist in fashion forward custom upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Sunset West division is a designer and manufacturer of comfortable, stylish and high-quality outdoor furniture. Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina and California, with showrooms in High Point, NC, Las Vegas, NV, and Atlanta, GA. The Company operates distribution centers in Virginia, North Carolina, and Vietnam. Please visit our websites at hookerfurnishings.com, shenandoahfurniture.com, slh-co.com, and hcontractfurniture.com. Additional Information Hooker Furnishings uses our Investor Relations website, https://investors.hookerfurnishings.com/investor-relations, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. For more information, contact Earl Armstrong, Senior Vice President and Chief Financial Officer at (276) 666-3969. Forward Looking Statements Certain statements made in this release, other than those based on historical facts, may be forward-looking statements. Forward-looking statements reflect our reasonable judgment with respect to future events and typically can be identified by the use of forward-looking terminology such as “believes,” “expects,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “would,” “could” or “anticipates,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Those risks and uncertainties include but are not limited to: (1) adverse political acts or developments affecting the international markets from which we import products and certain components used in our Domestic Upholstery segment, including the imposition of duties or tariffs by the U.S. or foreign governments, such as the tariffs under Section 301, antidumping and countervailing duty orders on raw materials like timber and lumber, the potential for additional or higher reciprocal tariffs on imports from key sourcing countries, and other trade restrictions or trade-related disputes, could affect our supply chain and increase our costs, and adversely affect our sales, earnings, and liquidity; (2) general economic or business conditions, both domestically and internationally, including the current macroeconomic uncertainties and challenges to the retail environment for home furnishings along with instability in the financial and credit markets, in part due to elevated interest rates and housing market volatility, which can affect consumer spending patterns, existing home sales, and demand for home furnishings, including their potential impact on (i) our sales and operating costs and access to financing, (ii) our customers, and (iii) our suppliers and their ability to obtain financing or generate the cash necessary to conduct their respective businesses; (3) the impairment of our long-lived assets, which can result in reduced earnings and net worth; (4) the cyclical nature of the furniture industry, which is particularly sensitive to changes in consumer confidence, the amount of consumers’ income available for discretionary purchases, and the availability and terms of consumer credit; (5) achieving and managing growth and change, and the risks associated with new business lines including the Margaritaville launch occurring in the second half of fiscal 2027, and inherent risks associated with possible acquisitions, including the selection of suitable acquisition targets, restructurings, strategic alliances and international operations; (6) risks associated with the ultimate outcome of our cost reduction efforts, including the amounts and timing of savings realized and the ability to scale the business appropriately as customer demand increases or decreases based on the macroeconomic environment; (7) risks associated with our reliance on offshore sourcing and the cost of imported goods, including fluctuation in the prices of purchased finished goods, customs issues, freight costs, including the price and availability of shipping containers, ocean vessels, domestic trucking, and warehousing costs and the risk that a disruption in our supply chain or the transportation and handling industries, including labor stoppages, strikes, slowdowns, or geopolitical conflicts or instability affecting key global shipping routes and our suppliers, could adversely affect our ability to timely fulfill customer orders; (8) interruption, inadequacy, security breaches or integration failure of our information systems or information technology infrastructure, related service providers or the internet or other related issues including unauthorized disclosures of confidential information, hacking or other cybersecurity threats or inadequate levels of cyber insurance or risks not covered by cyber insurance; (9) difficulties in forecasting demand for our imported products and raw materials used in our domestic operations; (10) our inability to collect amounts owed to us or significant delays in collecting such amounts; (11) the risks associated with our Amended and Restated Loan Agreement, including the fact that our asset-based lending facility is secured by substantially all of our assets and contains provisions which limit the amount of our future borrowings under the facility, as well as financial and negative covenants that, among other things, may limit our ability to incur additional indebtedness; (12) risks associated with domestic manufacturing operations, including fluctuations in capacity utilization and the prices and availability of key raw materials, as well as changes in transportation, warehousing and domestic labor costs, availability of skilled labor, and environmental compliance and remediation costs; (13) risks associated with our self-insured healthcare and workers compensation plans, which utilize stop-loss insurance for aggregate claims above specified thresholds and can be impacted by higher healthcare inflation and expenditures, all of which may cause our healthcare and workers compensation costs to rise unexpectedly, adversely affecting our earnings, financial condition, and liquidity; (14) disruptions and damage (including those due to weather) affecting our Virginia or North Carolina warehouses, our Virginia, North Carolina or California administrative and manufacturing facilities, our High Point, Las Vegas, and Atlanta showrooms or our representative office or warehouse in Vietnam; (15) changes in U.S. and foreign government regulations and in the political, social and economic climates of the countries from which we source our products; (16) risks associated with product defects, including higher than expected costs associated with product quality and safety, regulatory compliance costs related to the sale of consumer products and costs related to defective or non-compliant products, product liability claims and costs to recall defective products and the adverse effects of negative media coverage; (17) the direct and indirect costs and time spent by our associates related to the implementation of our Enterprise Resource Planning system (“ERP”), including costs resulting from unanticipated disruptions to our business; (18) risks associated with distribution through third-party retailers, such as non-binding dealership arrangements; (19) changes in domestic and international monetary policies and fluctuations in foreign currency exchange rates affecting the price of our imported products and raw materials; (20) price competition in the furniture industry; (21) changes in consumer preferences, including increased demand for lower-priced furniture, especially in light of recently imposed tariffs on imported furniture; (22) the risks specifically related to the concentrations of a material part of our sales and accounts receivable in only a few customers, including the loss of several large customers through business consolidations, failures or other reasons, or the loss of significant sales programs with major customers; (23) decisions concerning the allocation of capital including the extent to which we repurchase shares of our common stock which will affect shares outstanding and earnings per share (EPS); (24) future actions by activist stockholders that could divert management attention, create uncertainty around our strategic direction, disrupt relationships with key shareholders, increase our costs, drive stock price volatility, and otherwise materially impact our business, financial condition, results of operations, and cash flows; and (25) other risks and uncertainties described under Part I, Item 1A. “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2026 and other filings with the SEC. Any forward-looking statement that we make speaks only as of the date of that statement, and we undertake no obligation, except as required by law, to update any forward-looking statements whether as a result of new information, future events or otherwise and you should not expect us to do so.

This article first appeared on GuruFocus. Consolidated Net Sales: Decreased $6 million, or about 9%, year over year, with lower sales across each operating segment. Consolidated Net Income: $1.7 million, marking the third consecutive profitable quarter and a $4.9 million improvement over the prior year second quarter. Gross Profit: Increased $2.9 million despite the sales decline. Gross Margin: Improved 690 basis points to 31.8%. Operating Income: $1.3 million, compared to an operating loss of $0.5 million in the prior year period. Hooker Branded Net Sales: Decreased $1.6 million, or 4.5%, on lower unit volume, higher promotional discounts, and key SKU out-of-stocks, partially offset by higher average selling prices. Hooker Branded Gross Profit: Increased $3.2 million. Hooker Branded Gross Margin: Improved 1,000 basis points to nearly 40%. Hooker Branded Operating Income: $870,000, versus approximately break-even in the prior year period. Hooker Branded Backlog: Increased nearly 35% year over year. Domestic Upholstery Net Sales: Decreased $1.5 million, or 5.3%, with lower upscale leather and custom fabric upholstery partially offset by double-digit growth in private label and outdoor furnishings. Domestic Upholstery Gross Profit: Increased $928,000. Domestic Upholstery Gross Margin: Improved 450 basis points to 23%. Domestic Upholstery Operating Income: $833,000, compared to an operating loss of $408,000 in the prior year quarter. Domestic Upholstery Backlog: Increased nearly 5% year over year, primarily on higher private label orders. All Other Net Sales: Decreased $2.8 million, or about 66%, due to project timing in the hospitality business; segment posted an operating loss for the quarter but remained profitable for the first six months of fiscal 2027. Disc Ops Pre-Tax Income: $587,000, reflecting tariff recoveries, customer-related adjustments, and other post-divestiture activity. Consolidated Backlog: Increased 6.2% year over year and 8.4% sequentially, led by Hooker Branded and Domestic Upholstery. Cash and Cash Equivalents: $18.7 million at quarter end, up $8.1 million from the end of the first quarter and $17.5 million from fiscal 2026 year end; approximately $21 million on hand as of yesterday. Cash from Operations: $24 million generated during the first six months. Inventory: Decreased $5.3 million, from $48.7 million at fiscal 2026 year end to $43.4 million at the end of the second quarter. Debt: Repaid $3.6 million on the credit facility; no outstanding balances on the facility at quarter end. Available Borrowing Capacity: $51.8 million under the amended and restated loan agreement as of quarter end, net of standby letters of credit. Dividends: $2.5 million in cash dividends distributed during the first six months. Share Repurchases: 92,357 shares repurchased for approximately $1.3 million at an average price of $13.68 per share; approximately $3.7 million remained available under the 5 million share repurchase authorization. Capital Expenditures: $1.1 million funded during the first six months. Cost Reductions: $17.5 million in annualized fixed cost reductions implemented across continuing operations in the prior year. Tariff Recoveries: Significantly and favorably impacted Q2 results; prior to the February 2026 Supreme Court decision invalidating IEPA tariffs, an estimated $10.3 million of cumulative pre-tax tariff costs were incurred in fiscal 2026 results. Margaritaville Commitments: Approximately 100 in-store galleries and 10 freestanding retail stores; shipments began in Q2 and are expected to build through the second half of fiscal 2027 and into fiscal 2028. Warning! GuruFocus has detected 1 Warning Sign with HOFT. Is HOFT fairly valued? Test your thesis with our free DCF calculator. Release Date: September 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hooker Furnishings Corp (NASDAQ:HOFT) reported third consecutive profitable quarter with consolidated net income of $1.7 million, a $4.9 million improvement over prior year. Gross margin improved 690 basis points to 31.8%, with gross profit increasing $2.9 million despite a 9% sales decline. Tariff recoveries significantly benefited Q2 results, with Hooker Branded gross margin up 1,000 basis points to nearly 40% and Domestic Upholstery gross margin up 450 basis points to 23%. Annualized fixed cost reductions of $17.5 million implemented in prior year helped sustain profitability despite sales pressure. Consolidated backlog increased 6.2% year-over-year and 8.4% sequentially, with Hooker Branded backlog up 35% and Domestic Upholstery backlog up 5%. Margaritaville brand gained commitments for approximately 100 in-store galleries and 10 freestanding retail stores, with shipments expected to build in second half and into fiscal 2028. Cash and cash equivalents increased to $18.7 million, up $8.1 million from Q1 and $17.5 million from fiscal 2026 year-end, with no outstanding balances on credit facility and $51.8 million available borrowing capacity. Consolidated net sales decreased $6 million, or about 9%, compared to prior year, with lower sales across all operating segments. Hooker Branded net sales fell 4.5% due to lower unit volume, higher promotional discounts, and key SKU out-of-stocks from longer Asian lead times. Domestic Upholstery net sales decreased 5.3% as lower sales of upscale leather and custom fabric upholstery offset growth in private label and outdoor furnishings. All other segment net sales plunged 66% due to project timing in hospitality business, resulting in an operating loss for the quarter. Elevated promotional activity and unfavorable channel mix pressured Hooker Branded margins during the quarter. Management does not expect meaningful near-term improvement in market conditions, citing weak housing turnover, low consumer confidence, and soft big-ticket discretionary demand. Tariff recoveries are non-recurring and do not make Hooker Furnishings Corp (NASDAQ:HOFT) whole for the $10.3 million in cumulative pre-tax tariff costs incurred in fiscal 2026, which contributed to a $27 million net loss that year. Q: Anthony Lebiedzinski of Sidoti asked how significant the key SKU out-of-stocks at Hooker Branded were and whether the issue has been resolved. A: CEO Jeremy Hoff said he could not comment specifically, but it was "definitely a headwind," driven largely by unpredictably extended overseas lead times. He noted the company began getting through the issue in July, and that month's results gave management a positive view of the second half. Q: Dave Storms of Stonegate asked how the company can be confident that promotions will come down in the second half despite the challenging macro environment. A: CEO Jeremy Hoff expressed "high confidence," explaining that the elevated promotions were a summer-month phenomenon when regular business isn't sufficient to balance the mix, and he is confident it will not be a trend moving forward. Q: Anthony Lebiedzinski asked about the mix of business in Domestic Upholstery between private label, outdoor products, and custom upholstery, and how it may trend going forward. A: CFO Earl Armstrong said the company looks at the business at the segment level, noting strength in outdoor furnishings given seasonality and solid performance in private label. CEO Jeremy Hoff added that Sunset West's outdoor business has a clearer path this year without a warehouse move or ERP conversion, calling it a strong category. Q: Dave Storms asked how the Margaritaville sales funnel has evolved from last quarter to this quarter, including whether firm commitments are increasing. A: CEO Jeremy Hoff said the company continues to be encouraged by partner support and participation, highlighting approximately 100 in-store gallery commitments and 10 freestanding retail stores as "real estate that we didn't have before." He noted the brand is not cannibalizing Hooker's existing market position and has a chance to be accretive and drive growth. Q: Anthony Lebiedzinski asked about revenue from Margaritaville and how to think about the second half of the year for the brand. A: CEO Jeremy Hoff declined to give specifics but said a big part of Margaritaville's contribution will come in the second half, with galleries opening throughout the country. Q: Anthony Lebiedzinski asked whether the cost of opening the Margaritaville galleries is borne by Hooker or by retailers, and for more details. A: CEO Jeremy Hoff said the gallery costs "won't be significant to our capital allocation." Q: Dave Storms asked how to think about price, mix, and volume in the second half, and whether it will follow regular seasonality with some Margaritaville contribution. A: CEO Jeremy Hoff said to think about the second half as a normalization, adding that management is "pretty optimistic on the second half." Q: Dave Storms asked whether the strong backlog gives confidence and requested more detail on its texture, margins, and Margaritaville content. A: CEO Jeremy Hoff declined to get specific but said, "we're encouraged by our backlog, and we feel good about the second half." Q: Anthony Lebiedzinski asked for commentary on Labor Day feedback from retail customers, even small anecdotes. A: CEO Jeremy Hoff said feedback has been "fairly positive," noting that after 30 years in the industry, retailers are always grateful to reach the end of summer and the start of the fall selling season. He said there is a lot of optimism heading into fall and that Labor Day was "reasonably good." Q: Anthony Lebiedzinski asked whether the key SKU out-of-stocks at Hooker Branded are fully behind the company heading into the second half. A: CEO Jeremy Hoff reiterated that July marked the point where the company began to get through the supply challenges, and that the July results within the quarter gave management a positive view of where the business can be in the second half. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Hooker Furniture (HOFT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to a loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +650.00%. A quarter ago, it was expected that this home furnishings company would post a loss of $0.07 per share when it actually produced earnings of $0.1, delivering a surprise of +242.86%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $63.25 million for the quarter ended July 2026, missing the Zacks Consensus Estimate by 0.8%. This compares to year-ago revenues of $82.15 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hooker Furniture shares have added about 11.3% since the beginning of the year versus the S&P 500's gain of 10.9%. While Hooker Furniture has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hooker Furniture was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.35 on $81.53 million in revenues for the coming quarter and $0.77 on $297.05 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, MillerKnoll (MLKN), is yet to report results for the quarter ended August 2026. The results are expected to be released on September 22. This furniture maker is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -22.2%. The consensus EPS estimate for the quarter has been revised 10.5% lower over the last 30 days to the current level. MillerKnoll's revenues are expected to be $942.7 million, down 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report MillerKnoll, Inc. (MLKN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINSVILLE, Va., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on September 3, 2026, its board of directors declared a quarterly cash dividend of $0.115 per share, payable on September 30, 2026, to shareholders of record on September 15, 2026. Hooker Furnishings Corporation, in its 102nd year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, HF Custom (formerly Sam Moore), a specialist in fashion forward custom upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Samuel Lawrence Hospitality is a designer and supplier of hotel furnishings. The Sunset West division is a designer and manufacturer of comfortable, stylish and high-quality outdoor furniture. Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina and California, with showrooms in High Point, NC, Las Vegas, NV, Atlanta, GA and Ho Chi Minh City, Vietnam. The company operates distribution centers in Virginia and Vietnam. Please visit our websites hookerfurnishings.com, hookerfurniture.com, bradington-young.com, hfcustomfurniture.com, hcontractfurniture.com, slh-co.com, and sunsetwestusa.com. For more information, contact:C. Earl Armstrong, Senior Vice President-Finance and CFOHooker Furnishings Corporation, 276.666.3969

MARTINSVILLE, Va., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2027 second quarter financial results via teleconference and live internet web cast on Friday morning, September 11, 2026 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 link (registration link) and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call fifteen minutes ahead of the scheduled start time. Hooker's 2027 fiscal year second quarter began on May 4, 2026 and ended on August 2, 2026. Hooker Furnishings Corporation, in its 102nd year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, and fabric-upholstered furniture for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather, custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, HF Custom (formerly Sam Moore Furniture), a specialist in fashion forward custom upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Samuel Lawrence Hospitality is a designer and supplier of hotel furnishings. The Sunset West division is a designer and manufacturer of comfortable, stylish and high-quality outdoor furniture. Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina, and California, with showrooms in High Point, NC, Las Vegas, NV, and Atlanta, GA. The company operates distribution centers in Virginia and Vietnam. Please visit our websites hookerfurnishings.com, shenandoahfurniture.com, slh-co.com, and hcontractfurniture.com. For more information, contact:Earl Armstrong, Senior Vice President-Finance and CFOHooker Furnishings Corporation, 276.666.3969

Interested in BingEx Limited? Here are five stocks we like better. Financial performance weakened: Second-quarter revenue fell to CNY 940.3 million, while the company posted a CNY 34 million net loss, including CNY 41.7 million in fair-value investment losses. Non-GAAP net income declined to CNY 11.4 million, and gross margin narrowed to 10.2% from 12%. Demand and customer expansion improved: Order volume rose 8.9% sequentially, average delivery time improved to 25.3 minutes, and registered users increased to 124 million. Newly signed merchants grew 18% sequentially, while enterprise-client signings jumped 53.1%. AI and drone initiatives are scaling: FlashEx said AI deployment improved operating efficiency by roughly 30% in covered areas, while drone-delivery orders surged 169.3% sequentially across 22 routes. Management is refining the drone model in Hangzhou before expanding to other markets. Hooker Furnishings Discount To Book, A Value Play? BingEx (NASDAQ:FLX), which operates under the FlashEx brand, reported second-quarter revenue of CNY 940.3 million, down from CNY 1.02 billion a year earlier, as management cited intensifying marketing competition. The company posted a net loss of CNY 34 million, compared with net income of CNY 53.5 million in the prior-year period, primarily due to CNY 41.7 million in fair-value losses on long-term investments. On a non-GAAP basis, excluding investment fair-value changes and share-based compensation, FlashEx reported net income of CNY 11.4 million, down from CNY 45.6 million a year earlier. Non-GAAP income from operations was CNY 10.8 million, compared with CNY 31.9 million in the 2025 second quarter. → Datavault AI Locks Down CyberCatch in $94M Security Rollup Founder, Chairman and Chief Executive Officer Adam Xue said total order volume increased 8.9% sequentially in the second quarter, while average delivery time improved to 25.3 minutes from 25.7 minutes in the first quarter. FlashEx ended the quarter with 3.23 million registered Flash-Riders, service coverage in 299 cities and 124 million registered users. Registered users rose by 4 million from the end of the first quarter, according to Xue. → Michael Burry Is Betting Against Palantir Again—Should Investors Care? Order growth was spread across multiple categories. Fresh-flower order volume increased 29.2% from the prior quarter, while food, cakes and electronics posted growth both year over year and sequentially. Xue said the broader category mix reduced the company’s dependence on any single delivery category. The company also highlighted growth in user services beyond traditional item delivery. Sequential order-volume gains included 37.5% for luggage delivery, 25% for food pickup, 7.2% for parcel pickup and 6.7% for assisted purchasing. → Home Depot Analysts See a Path to $375 and Beyond FlashEx recently introduced round-trip orders, which combine delivery, waiting time and a return trip in a single request handled by the same rider. Xue cited document and contract signing as examples of uses for the service. Newly signed merchants increased 18% from the first quarter, while new enterprise-client signings rose 53.1% sequentially. Management said it has adjusted its sales-team assessment framework and created a separate effort focused on key enterprise accounts, which typically have longer sales cycles and more complex purchasing decisions. Executive President Hongjian Yu was listed among the call participants, though he did not deliver prepared remarks. Xue said enterprise delivery demand can include inventory transfers between stores, delivery of client documents and urgent dispatch of after-sales parts. Such activity may create more continuous demand and longer customer relationships, he said. Cost of revenue declined to CNY 844.7 million from CNY 901.9 million a year earlier, broadly in line with the revenue decline. Gross profit fell to CNY 95.5 million from CNY 122.7 million, and gross margin narrowed to 10.2% from 12%. Total operating expenses decreased 14.6% to CNY 88.3 million. The company reported CNY 36.6 million in selling and marketing expense, CNY 37.9 million in general and administrative expense, and CNY 13.7 million in research and development expense. Chief Financial Officer Luke Tang attributed the decrease primarily to lower advertising expenses, staff costs and share-based payment expenses. Income from operations was CNY 7.3 million, down from CNY 19.3 million in the prior-year quarter. FlashEx held CNY 853.4 million in cash and cash equivalents, restricted cash and short-term investments at quarter-end. The company also continued its share repurchase program. As of Aug. 19, FlashEx had repurchased approximately 3.9 million American depositary shares in the open market for an aggregate consideration of about $11.8 million. Management said it is expanding the use of artificial intelligence in customer service, marketing and regional operations. In customer service, FlashEx said its AI system independently handles 85% of covered scenarios, including routine inquiries and complaints. The company said AI tools reduced the time required to model capacity plans for new-city launches and holiday demand peaks from several days to several hours. Xue said operating efficiency improved by roughly 30% across the areas where the company deployed AI during the quarter. Tang said the company expects broader AI adoption to support a structural improvement in its operating-expense ratio over the medium to long term. FlashEx also continued to develop low-altitude logistics operations. Drone-delivery order volume rose 169.3% sequentially, and the company had 22 routes in operation at the end of the second quarter. In July, a cross-river on-demand delivery route in Hangzhou entered commercial operation. Management said the route uses riders at each endpoint and a drone for the river crossing, reducing end-to-end delivery times for certain orders from more than 40 minutes to a little over 20 minutes. The company said drone deliveries have primarily included medicine, urgent business documents, fresh food and digital accessories. Xue said FlashEx’s near-term priority is to refine its operating standards and cost model in Hangzhou before expanding the approach to other markets. During the question-and-answer session, Tang said FlashEx viewed an industry self-discipline convention signed in Hangzhou by seven leading platforms as a positive development. The agreement covered marketing practices, merchant rights, rider protections and governance. Tang said the convention could shift competition away from price wars and subsidies toward service quality, efficiency and fulfillment reliability. BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "BingEx Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Interested in Flexsteel Industries, Inc.? Here are five stocks we like better. Fiscal 2026 sales rose 4% to approximately $459 million, while adjusted operating margin reached about 7.5%, adjusted diluted EPS hit a record $4.94, and free cash flow exceeded $47 million. Fourth-quarter operating income benefited significantly from a 780-basis-point tariff-refund impact. Excluding the refund and Homestyles exit costs, adjusted operating margin declined to 7.1% from 9% a year earlier. Flexsteel exited its roughly $12 million Homestyles ready-to-assemble business to improve portfolio profitability, and forecast fiscal Q1 2027 sales of $111 million to $115 million with a 6.5% to 7% operating margin amid inflation and supply-chain pressures. Hooker Furnishings Discount To Book, A Value Play? Flexsteel Industries (NASDAQ:FLXS) reported fourth-quarter fiscal 2026 net sales of $115.4 million, up 0.7% from $114.6 million a year earlier, as growth in soft seating products offset declines in ready-to-assemble and case goods categories. Management said the furniture market remained difficult amid uneven consumer demand, inflation and geopolitical uncertainty. For the full fiscal year, the company generated approximately $459 million in sales, a 4% increase from the prior year. President and Chief Executive Officer Derek Schmidt said Flexsteel expanded adjusted operating margin to about 7.5%, produced record adjusted diluted earnings per share of $4.94 and generated more than $47 million in free cash flow. → AMG’s Alternatives Boom Powers Record Growth Flexsteel Is Flexing Its Muscles, Again “While the operating environment became increasingly challenging throughout the year, particularly during the second half, our team continued to execute at a high level and delivered another year of strong financial and strategic progress,” Schmidt said. Fourth-quarter GAAP operating income was $16.3 million, or 14.2% of sales, compared with $14 million, or 12.2% of sales, in the year-earlier period. The reported operating margin included a 780-basis-point benefit from refunds of previously paid IEEPA tariffs, which the company recorded as a reduction in cost of goods sold. → Microsoft's Maia 300 Chip Targets NVIDIA's AI Dominance Flexsteel Flexes Its Muscles In The Second-Quarter The quarter also included a 70-basis-point negative effect from Flexsteel’s exit from its Homestyles ready-to-assemble product category, including employee separation costs, inventory liquidations and write-downs. Excluding the tariff refunds and Homestyles exit costs, adjusted operating margin was 7.1%, compared with 9% in the prior-year quarter. The prior-year period benefited from a 160-basis-point favorable foreign-currency translation impact. Chief Financial Officer Mike Ressler said the company’s product pricing was up approximately 10% to 11% on average from the prior year. Although unit volumes declined overall, he said they did not fall enough to outweigh pricing actions. → The Metals Company’s Big Bet Now Comes Down to a License Ressler said volumes rose in several strategic growth initiatives, including Flexsteel’s health and wellness category, Zecliner products, new Zen chairs and certain strategic accounts. Made-to-order products and case goods were weaker, however. During the quarter, Flexsteel decided to exit the Homestyles ready-to-assemble category, which management said had become increasingly competitive and was no longer generating attractive returns. The business contributed roughly $12 million in fiscal 2026 sales. The company expects to monetize the remaining Homestyles inventory over the next three to six months and prepare its Huntingburg, Indiana, distribution center for sale. The facility currently serves the ready-to-assemble category and is not required for Flexsteel’s longer-term growth plans, Ressler said. Homestyles had lower gross profitability than the company’s category average, according to management. While the exit will reduce sales, Ressler said it should provide a modest improvement in overall portfolio profitability. Schmidt said fiscal 2026 sales growth would have been closer to 6.5% to 7% excluding the Homestyles drag, compared with the reported 4% increase. Flexsteel ended the quarter with $16.7 million of cash, $94.6 million of working capital and no bank debt. Operating cash flow totaled $24.3 million in the quarter, supported by net income and working-capital management. The company repurchased approximately 1.3 million shares for $62.6 million during the quarter and paid $1.1 million in cash dividends, or $0.20 per share. Management also noted that Flexsteel recently increased its dividend by 25%. Ressler said capital-allocation priorities remain maintaining a strong balance sheet, funding investments in consumer insights, innovation, product development and marketing, and evaluating acquisition opportunities that can generate returns above the company’s cost of capital. If such opportunities are unavailable, the company expects to return excess capital through dividends and share repurchases. For the first quarter of fiscal 2027, Flexsteel projected net sales of $111 million to $115 million, representing growth of 1% to 4% from the prior-year quarter. The company expects growth in soft seating to outweigh sales declines from the discontinued Homestyles category. Flexsteel forecast operating margin of 6.5% to 7% for the quarter. Management cited inflation affecting raw materials, sourced finished goods, domestic transportation and inbound ocean freight since the beginning of the Middle East conflict. The company has implemented cost-saving measures and a modest price increase in an effort to offset those pressures. “We anticipate our mitigation actions to mostly offset cost inflation,” Ressler said, while noting that gross and operating margins could face some pressure depending on the severity of supply-chain inflation and the effectiveness of mitigation efforts. Management expects selling, general and administrative expense to be in the high-15% to low-16% range as a percentage of sales, while continuing to fund growth investments. Schmidt said Flexsteel is maintaining its strategy despite consumer caution and a fluid tariff environment, emphasizing product innovation, productivity, brand investment and disciplined cost management. Flexsteel Industries, Inc (NASDAQ: FLXS) is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America. Flexsteel's upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Flexsteel Industries Q4 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.