HOFT

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.

Hooker Furnishings Corporation HOFT used its first-quarter call to make a simple case: the business is operating better even though the market is not. Management pointed to a return to profitability, better gross margin and a leaner cost structure as proof that the reset is gaining traction. The more important message was forward-looking. Executives leaned on retailer commitments to Margaritaville, a stronger May order trend and tighter operating discipline, while still framing the near-term demand backdrop as pressured. CEO Jeremy R. Hoff said first-quarter net income reached $1.1 million, a $4.1 million improvement from the prior-year period, despite weak housing activity and cautious consumers. Chief financial officer C. Earl Armstrong said operating income improved to $1.6 million from a loss of $498,000, while gross margin expanded 440 basis points. HOFT posted first-quarter earnings of $0.10 per share, which beat the Zacks Consensus Estimate of a loss of $0.07 by 242.9%. First-quarter revenues of $69.5 million topped the $66.3 million estimate by 4.7%. Hooker Furnishings Corp. price-consensus-eps-surprise-chart | Hooker Furnishings Corp. Quote Hoff and Armstrong both emphasized Hooker Branded as the quarter’s main profit engine. Segment sales fell 4.8%, but gross profit rose $2.9 million, and operating income reached $1.2 million. Armstrong said the segment’s backlog climbed nearly 30% from a year earlier, helped by commitments tied to new product launches, including Margaritaville. Hoff also highlighted the April High Point Market launch of Hooker Custom Upholstery, which combines Sam Moore and Bradington-Young under a single premium identity supported by refreshed showrooms, marketing and the company’s new website. Domestic Upholstery remained the weak spot. Armstrong said sales slipped 1.9%, gross profit fell $315,000, and the segment posted a $689,000 operating loss as lower volume and higher overhead weighed on results. That softness contrasted with the All Other segment, where hospitality helped lift sales 11.7% and operating income to $1.1 million. The split reinforced management’s broader message that the company can improve profitability through mix, cost actions and portfolio focus, even without a broad furniture demand recovery. Armstrong said cash and equivalents ended the quarter at $10.6 million, up from $1.1 million at fiscal year-end, and debt was fully repaid by quarter-end. He added that cash on hand had risen above $15 million as of June 9. Inventory fell to $45 million from $48.7 million at year-end, while available borrowing capacity stood at $54.2 million. Management also underscored capital returns. Hooker repurchased 7,615 shares for about $96,000 during the quarter and reiterated its recalibrated annual dividend of $0.46 per share. Hoff said incoming orders rose 8% in May and backlog increased 14% year over year, driven mainly by early Margaritaville shipments and retailer commitments. He said commitments now stand at 100 in-store galleries and 10 freestanding stores, roughly double the level discussed in December. Meaningful shipments are expected in the second half of fiscal 2027 and should build through year-end. Even so, Hoff kept the second-quarter stance cautious, citing pressured housing activity, soft furniture retail demand and tariff uncertainty. The company also said it has not booked any benefit tied to potential tariff refunds because recovery is not yet realizable under U.S. GAAP. In the analyst Q&A, a Sidoti analyst pressed management on gross margin durability. Armstrong said quarterly margin can still swing with product mix and LIFO timing, a reminder that the first-quarter margin gain does not translate into a fixed run rate. A Stonegate analyst focused on Margaritaville’s commitment pipeline and margin profile. Hoff sounded confident that store participation can keep expanding and said the line should fit the company’s existing margin discipline. Management also pushed back on broader supply chain concerns, saying recent delays were limited to certain import upholstery factories rather than a wider disruption. That left the call with a measured tone: more confidence in execution, less certainty on the market. HOFT carries a Zacks Rank #4 (Sell), alongside a Value Score of B, Growth Score of B, Momentum Score of C and VGM Score of B. Under the Zacks framework, Style Scores help refine stock selection, but the Zacks Rank remains the primary signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. That combination suggests some supportive value and growth characteristics, but the rank points to weaker earnings estimate revision momentum. Zacks also notes that Rank and Style Scores can change after earnings as analysts update forecasts, so those signals may shift as HOFT’s post-quarter revisions develop. 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 This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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 $4.1 million year-over-year net income improvement despite a 2.4% sales decline, credited to a $17.5 million reduction in fixed costs and a leaner operating model. Hooker Branded gross margins expanded by 960 basis points, driven by price increases to offset product costs and a favorable product mix. Consolidated gross profit rose by $2.7 million even on lower volume, reflecting the successful transition toward higher-margin business segments. The company unified its Sam Moore and Bradington-Young brands under the 'Hooker Custom Upholstery' identity to leverage the flagship brand's superior market recognition. Management attributed the overall performance turnaround to a sharper focus on core businesses and a more disciplined, profit-aligned organizational structure. Domestic Upholstery faced continued pressure from soft demand and higher overhead, resulting in an operating loss for that specific segment. Management expects meaningful shipments of the Margaritaville product line to begin in the second half of fiscal 2027, with 100 in-store galleries and 10 freestanding stores committed. Second-quarter outlook remains cautious due to persistent macroeconomic pressures, depressed housing activity, and low consumer confidence. The company anticipates that its more efficient cost structure will allow for improved year-over-year results even if current market conditions do not improve. Early Q2 trends show an 8% increase in incoming orders for May and a 14% year-over-year increase in backlog, primarily fueled by initial Margaritaville activity. The new share repurchase program and recalibrated dividend are intended to provide a balanced framework for returning capital while maintaining strategic flexibility. The company maintains a debt-free balance sheet with $10.6 million in cash at quarter-end and $54.2 million in available borrowing capacity. Inventory levels were reduced by $3.7 million from the prior fiscal year-end to $45 million, improving liquidity and operational focus. Management noted that LIFO accounting and product mix shifts significantly influenced the reported gross margin expansion during the period. Tariff rebate claims remain ongoing; however, no potential recoveries have been recorded as they are not yet considered 'probable' under US GAAP. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained that the margin improvement was driven by product mix and LIFO accounting timing. They indicated that while mix varies, they are striving for consistency in their margin profile moving forward. Commitments for galleries doubled from 50 to 100 since December, which management described as the largest launch in the company's history. Management expressed optimism that successful execution of the initial launch will lead to further gallery participation and increased volumes. Management clarified that recent delays were specific to a few factories in the imported upholstery business, not the domestic custom upholstery segment. They stated that broader geopolitical issues, such as the Strait of Hormuz, have not caused noticeable delays to their overseas supply chain.

This article first appeared on GuruFocus. Net Income: $1.1 million for the quarter. Consolidated Net Sales: Decreased by $1.7 million or 2.4% compared to the prior year period. Gross Profit: Increased by $2.7 million. Gross Margin: Improved by 440 basis points compared to the prior year period. Operating Income: $1.6 million, a $2.1 million improvement from the prior year period. Net Income per Share: $0.10 per diluted share. Cash and Cash Equivalents: $10.6 million at quarter end. Inventory Levels: Decreased by $3.7 million to $45 million at the end of the first quarter. Available Borrowing Capacity: $54.2 million under the amended and restated loan agreement. Share Repurchase Program: Purchased about 7,600 shares for approximately $96,000 at an average price of $12.53 per share. Warning! GuruFocus has detected 2 Warning Sign with HOFT. Is HOFT fairly valued? Test your thesis with our free DCF calculator. Release Date: June 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hooker Furnishings Corp (NASDAQ:HOFT) reported a net income of $1.1 million for the quarter, marking a significant improvement over the prior year. The company achieved a $17.5 million reduction in fixed costs, contributing to improved profitability. Gross margin improved by 440 basis points, driven by stronger profitability in the branded segment. The company has no debt and increased its cash and cash equivalents to $10.6 million at quarter end. Retailer commitments to Margaritaville products exceeded expectations, with significant shipments expected in the second half of fiscal '27. Consolidated net sales decreased by $1.7 million or 2.4% compared to the prior year period. The domestic upholstery segment continued to face challenges with lower sales volume and recorded an operating loss of $689,000. The broader demand environment remains challenging due to depressed housing activity and low consumer confidence. The company has not yet realized any rebates from tariffs, and there is uncertainty regarding the refunds. Despite improvements, the outlook for the fiscal '27 second-quarter remains cautious due to ongoing macroeconomic pressures. Q: Did you observe any significant monthly variations in revenue from February to April, given the geopolitical noise during the quarter? A: Jeremy Hoff, CEO: As we moved further from last year's turmoil, we gained focus throughout the quarter. The longer we have, the better we position ourselves for where we're headed. Q: Can you provide a general framework for pricing versus unit volumes in the quarter? A: C. Earl Armstrong, CFO: We don't have that information in front of us, but it will be in the 10-Q filed tomorrow. There was some notion of increased pricing during the quarter. Q: The gross margin was up more than expected, especially at ****** branded. Is this sustainable going forward? A: Jeremy Hoff, CEO: Product mix and LIFO accounting significantly affect gross margin. These factors can change the dynamic, but they are the main reasons for the margin performance. Q: What feedback have you received from retail partners about Memorial Day traffic? A: Jeremy Hoff, CEO: Our contacts were optimistic about Memorial Day sales and traffic, considering the current environment. The general sentiment was positive. Q: With Margaritaville commitments doubling, should we expect in-store commitments to increase, or will it pivot to volumes and shipments? A: Jeremy Hoff, CEO: Initially, some customers jump on right away. If the program is right and executed well, more participation and galleries can be expected. We are optimistic about increasing what we've already done. Q: Is there any sense of the margin profile for the Margaritaville backlog? A: Jeremy Hoff, CEO: We aim for consistency in margin profiles and are not publicly separating Margaritaville as a different margin profile. Q: Are there any supply chain constraints across the industry affecting your operations? A: Jeremy Hoff, CEO: We haven't noticed significant delays from global events. Supply chain issues were targeted on import upholstery, not across the board. Q: What were the backlog and orders numbers for the first quarter? A: C. Earl Armstrong, CFO: Consolidated orders were $19.4 million, and backlog was $39 million at the end of Q1. Q: Can you provide details on the tariff rebate number you are seeking and its expected receipt? A: C. Earl Armstrong, CFO: We haven't disclosed that number publicly due to uncertainty. Under US GAAP, it's not realized or realizable, and receipt is not probable, so we haven't recognized anything. 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 $0.1 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to a loss of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +253.85%. A quarter ago, it was expected that this home furnishings company would post earnings of $0.05 per share when it actually produced earnings of $0.08, delivering a surprise of +60%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $69.45 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 4.73%. This compares to year-ago revenues of $85.32 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 9.2% since the beginning of the year versus the S&P 500's gain of 6.2%. 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 unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 -$0.03 on $66.54 million in revenues for the coming quarter and $0.67 on $302.77 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 13% 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. Bassett Furniture (BSET), another stock in the same industry, has yet to report results for the quarter ended May 2026. This furniture seller is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -9.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bassett Furniture's revenues are expected to be $83.43 million, down 1.1% 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 Bassett Furniture Industries, Incorporated (BSET) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Hooker Furnishings Corp.? Here are five stocks we like better. Hooker Furnishings returned to profitability in fiscal Q1, posting net income of $1.1 million versus a loss a year ago. Higher gross margin and a $17.5 million reduction in fixed costs helped offset weak furniture demand. Sales were still soft overall, with consolidated net sales down 2.4%, led by declines in Hooker Branded and Domestic Upholstery. Hooker Branded margins improved sharply, while Domestic Upholstery remained pressured and posted an operating loss. Early signs point to improving momentum in the second quarter, including May orders up 8% and backlog up more than 14% year over year, driven by Margaritaville. The company also ended the quarter with no debt and a stronger cash position, while remaining cautious on housing and consumer demand. 2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding Hooker Furnishings (NASDAQ:HOFT) reported a return to profitability in its fiscal 2027 first quarter, as cost reductions and improved margins helped offset continued weakness in furniture demand tied to a soft housing market and cautious consumers. Senior Vice President and Chief Financial Officer Earl Armstrong said the company generated net income of $1.1 million, or $0.10 per diluted share, for the quarter ended May 3, 2026. That compared with a loss in the prior-year period, with Chief Executive Officer Jeremy Hoff describing the result as a $4.1 million improvement from the first quarter of the previous year. → Uranium Energy Corp Melts Down—Nuclear Opportunity at Hand Hooker Furnishings Discount To Book, A Value Play? Armstrong said consolidated net sales declined $1.7 million, or 2.4%, from the prior-year quarter. The decrease was driven mainly by lower sales in the Hooker Branded and Domestic Upholstery segments, partially offset by higher shipments in the company’s hospitality business, which is included in “all other” operations. Despite lower sales, Hooker Furnishings reported a $2.7 million increase in consolidated gross profit, while gross margin improved by 440 basis points from the prior-year period. Operating income totaled $1.6 million, compared with an operating loss of $498,000 a year earlier. → Cybersecurity Earnings: 1 AI Standout and 2 Stocks Under Pressure Why Hooker Furniture Should be a Small Cap Portfolio Fixture Hoff said the first-quarter improvement reflected the benefits of a $17.5 million reduction in fixed costs related to continuing operations achieved in the prior year, along with progress toward a more efficient operating model. “These results were achieved despite a challenging demand environment characterized by depressed housing activity and low consumer confidence,” Hoff said. → An Analyst Just Raised Tesla's Price Target by 227%—Here's Why Armstrong said the company’s improved profitability was primarily driven by stronger results in Hooker Branded, as well as prior cost reduction initiatives and an ongoing focus on building a leaner, higher-margin business model. During the question-and-answer portion of the call, analyst Anthony Lebiedzinski of Sidoti asked whether the company saw significant monthly revenue variation during the quarter. Hoff said that as the company moved further away from the “turmoil” of the prior year, including efforts to sell two companies and reposition the business, it became more focused as the quarter progressed. In the Hooker Branded segment, net sales decreased $1.8 million, or 4.8%, in the quarter. Armstrong said about 70% of the decrease was due to lower volume in imported upholstery. The decline was partly offset by higher average selling prices from price increases implemented to address higher product costs. Hooker Branded gross profit increased $2.9 million, and gross margin improved by 960 basis points. The segment contributed $1.2 million to the company’s consolidated operating income of $1.6 million. Armstrong said Hooker Branded backlog increased nearly 30% from the prior-year first quarter, reflecting retailer commitments to new products, including Margaritaville. The company expects meaningful shipments of Margaritaville products to begin in the second half of fiscal 2027. When asked about the sustainability of the gross margin improvement, Hoff said product mix and the company’s use of LIFO accounting were key factors that can affect reported margins. Domestic Upholstery net sales decreased $558,000, or 1.9%, primarily due to continued soft demand. Gross profit fell $315,000, and gross margin declined by 80 basis points, which Armstrong attributed mainly to lower revenue and higher overhead. The segment posted an operating loss of $689,000, driven primarily by its indoor residential furnishings businesses. Armstrong said Domestic Upholstery backlog increased modestly compared with both the prior-year first quarter and fiscal 2026 year-end. Hoff also discussed the company’s launch of Hooker Custom Upholstery at the April High Point Market, bringing the Sam Moore and Bradington-Young brands together under a unified platform. He said the new approach combines the upscale product lines under a premium Hooker Custom Upholstery identity, supported by a refreshed showroom presentation, enhanced marketing and a mix of new and existing products. Hoff said the company believes the strategy can help drive higher sales when market conditions improve by creating a more cohesive brand story under the Hooker name. Hoff said early second-quarter indicators were encouraging, with consolidated incoming orders up 8% in May from the prior-year period and backlog up more than 14% year over year. He said the improvement was primarily driven by Margaritaville orders, which had initial shipments in May. The company now has commitments for 100 in-store galleries and 10 freestanding retail stores for Margaritaville products, compared with about half those numbers when it reported in December. Hoff said retailer commitments to Margaritaville products, galleries and freestanding stores continue to exceed expectations. Asked by Dave Storms of Stonegate whether commitments could continue to rise as shipments begin, Hoff said he was taking a “glass-half-full” view and was optimistic that participation and gallery counts could keep increasing if the program is executed well. Hoff also said contacts with retail partners indicated a generally positive Memorial Day holiday period. He described the feedback on sales and traffic as “pretty good” given the broader environment. Armstrong said Hooker Furnishings ended the quarter with $10.6 million in cash and cash equivalents, up $9.5 million from fiscal 2026 year-end, and no debt. The company used operating cash flow to repay $3.6 million in outstanding loan principal, distribute $1.3 million in cash dividends and fund $403,000 in capital expenditures. Inventory decreased to $45 million from $48.7 million at the end of fiscal 2026. Armstrong said the company had $54.2 million of available borrowing capacity under its amended and restated loan agreement at quarter-end, net of standby letters of credit, with no outstanding balance on the credit facility. He added that, as of the day before the call, the company had more than $15 million in cash on hand. Armstrong also reviewed the company’s capital allocation plans. Hooker Furnishings previously authorized a share repurchase program of up to $5 million beginning in fiscal 2027 and recalibrated its annual dividend to $0.46 per share starting with the Dec. 31, 2025, dividend payment. During the quarter, the company repurchased about 7,600 shares for approximately $96,000 at an average price of $12.53 per share. Looking ahead, Hoff said the company remains cautious on the fiscal second quarter because of continued pressure on housing activity and weak consumer confidence. He cited Department of Commerce April advance estimates showing retail sales for furniture and home furnishing stores declined 2% from March and 3.6% from a year earlier. “While we do not expect meaningful near-term improvement in market conditions, our more efficient cost structure and streamlined portfolio should help position us to deliver improved results versus the prior year period, even if current conditions persist,” Hoff said. 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 Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for June 2026.

MARTINSVILLE, Va., June 09, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on June 9, 2026, its board of directors declared a quarterly cash dividend of $0.115 per share, payable on June 30, 2026, to shareholders of record on June 19, 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