HOFT

MARTINSVILLE, Va., May 28, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2027 first quarter financial results via teleconference and live internet web cast on Thursday morning, June 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 first quarter began on February 2, 2026 and ended on May 3, 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 product line 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 c...

Interested in BingEx Limited? Here are five stocks we like better. Revenue dipped slightly in Q1 2026 to RMB 935.3 million from RMB 960.8 million a year earlier as BingEx faced tougher competition in China’s on-demand delivery market. Gross profit and margin also declined, though operating income remained slightly positive. AI is becoming a major efficiency driver for FlashEx, with management saying it has sped up customer service, merchant onboarding and product launches. Operating expenses fell 18.7% year over year as the company used AI to streamline operations. Drone delivery and platform integrations are scaling up, with FlashEx launching 14 drone routes, completing roughly 3,500 paid orders by the end of April, and expanding access through open APIs, HarmonyOS integration and AI-agent compatibility. Hooker Furnishings Discount To Book, A Value Play? BingEx (NASDAQ:FLX), which operates under the FlashEx brand, reported first-quarter 2026 revenue of RMB 935.3 million, down from RMB 960.8 million a year earlier, as management cited intensifying market competition in China’s on-demand delivery industry. Founder, Chairman and Chief Executive Officer Adam Xue said the company delivered “a stable performance amid a dynamic market environment,” fulfilling 57.9 million orders during the quarter. FlashEx had 3.1 million registered riders at quarter-end, and its average delivery time improved to 25.7 minutes. → CAVA Group’s Stock Looks Delicious After Strong Earnings The company reported gross profit of RMB 105.8 million, compared with RMB 126.7 million in the same period of 2025. Gross margin fell to 11.3% from 13.2% a year earlier. Chief Financial Officer Le Tang said cost of revenues declined to RMB 829.5 million from RMB 834.1 million, broadly in line with the revenue decrease. FlashEx reported total operating expenses of RMB 94.8 million in the first quarter, down 18.7% from RMB 116.7 million in the prior-year period. The company recorded RMB 38.5 million in selling and marketing expenses, RMB 39.9 million in general and administrative expenses and RMB 16.5 million in research and development expenses. → SpaceX IPO: Opportunity? Or the Ultimate Hype Trade? Income from operations was RMB 11 million, compared with RMB 10 million a year earlier, lifting operating margin to 1.2% from 1.0%. Non-GAAP income from operations was RMB 21.6 million, down from RMB 26.6...

Q3 results: Net sales were $115.1M, up about 1% year‑over‑year, with GAAP operating income of $8.2M (≈7% margin), as pricing tied to tariff surcharges helped offset lower unit volumes. Demand and cost risks: Orders fell roughly 2.4% amid severe weather early in the quarter and a March pullback linked to Middle East‑related consumer uncertainty, while rising energy costs and a polyol supply disruption threaten higher costs and longer lead times. Balance sheet and outlook: Flexsteel exited the quarter with $57.3M cash, no bank debt and $142.2M working capital, plans continued investment and shareholder returns, and expects Q4 sales to be relatively flat with similar margins. Interested in Flexsteel Industries, Inc.? Here are five stocks we like better. Hooker Furnishings Discount To Book, A Value Play? Flexsteel Industries (NASDAQ:FLXS) reported third-quarter fiscal 2026 results that management described as steady despite what it called an increasingly uncertain demand and cost environment. On the company’s earnings call, President and CEO Derek Schmidt said demand patterns shifted during the quarter due to “severe weather early in the quarter” and “heightened macroeconomic uncertainty stemming from the conflict in the Middle East,” which he said has weighed on consumer confidence, increased market volatility, and contributed to rising energy costs. “Against this backdrop and a strong prior year comparison, we delivered relatively stable year-over-year sales performance in the quarter and maintained solid operating margins of approximately 7%,” Schmidt said, adding that growth drivers such as Strategic Accounts, new product introductions, and the Health and Wellness category continued to perform, though at “more moderate growth levels” than in recent periods. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Flexsteel Is Flexing Its Muscles, Again Chief Financial Officer Michael Ressler said net sales rose 1% year over year to $115.1 million, compared with $114.0 million in the prior-year quarter. He attributed the increase primarily to pricing actions tied to tariff surcharges, which were partially offset by lower unit volume, “particularly in our made-to-order, ready-to-assemble, and casegoods categories.” Ressler reported GAAP operating income of $8.2 million, or 7.1% of sales, versus a GAAP operating loss of $5.1 million in the prior-year q...

This article first appeared on GuruFocus. Consolidated Net Sales: $67 million for Q4, a decrease of $17.2 million or 21% year-over-year. Operating Income: $629,000 for Q4, driven by $1.2 million in Hooker Branded and $617,000 in All Other, offset by a $1.2 million loss in Domestic Upholstery. Net Income from Continuing Operations: $874,000 or $0.08 per diluted share for Q4. Consolidated Net Income: $536,000 or $0.05 per diluted share for Q4. Full Year Net Sales from Continuing Operations: $278.1 million, a decrease of $39.2 million or 12.4% year-over-year. Gross Margin Improvement: 180 basis points for the fiscal year. Operating Loss from Continuing Operations: $16.5 million for fiscal '26, primarily due to $15.6 million in non-cash intangible asset impairment charges. Net Loss from Continuing Operations: $12.8 million or $1.20 per diluted share for fiscal '26. Discontinued Operations Pretax Loss: $19 million for fiscal '26. Consolidated Net Loss: $27 million or $2.54 per diluted share for fiscal '26. Hooker Branded Operating Income: $1.9 million for the year, compared to a prior year operating loss of $433,000. Domestic Upholstery Operating Loss: $16.9 million for the year, largely due to $15 million in non-cash impairment charges. Cash and Cash Equivalents: $1.1 million at fiscal year-end, a decrease of $5.2 million from prior year-end. Inventory Levels: Decreased by $17.5 million from $66.2 million to $48.7 million at fiscal year-end. Available Borrowing Capacity: $62.8 million at fiscal year-end, net of standby letters of credit. Warning! GuruFocus has detected 5 Warning Sign with HOFT. Is HOFT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 16, 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 $536,000 for the fourth quarter, marking a return to profitability. The company successfully reduced fixed costs by about $26.3 million or 25%, with $17.5 million in savings related to continuing operations. Gross margin improved by 180 basis points for the fiscal year, with significant improvements in the Hooker Branded and Domestic Upholstery segments. The Margaritaville product line is expected to be the most impactful product launch in company history, with strong interest and commitments from retailers. The c...

Management characterized fiscal 2026 as a transformative year, marked by the exit of two unprofitable divisions and a 25% reduction in total fixed costs. The 21% decline in Q4 net sales was attributed to a shorter fiscal week, severe winter weather in January, and the non-recurrence of large hospitality projects. Hooker Branded segment performance was bolstered by a 5.7% increase in average selling prices, which helped mitigate higher costs and disruptive import tariffs. Domestic Upholstery losses were reduced by over 50% in Q4 through aggressive cost-reduction initiatives and operational improvements despite lower unit volumes. The company is transitioning to a 'Hooker Custom Upholstery' model, merging previously siloed fabric and leather divisions to improve factory efficiency and message consistency. Management attributes the current demand challenges primarily to macro factors like weak housing activity and consumer confidence rather than internal execution. Management anticipates significant earnings improvement in fiscal 2027, driven by a lower breakeven point and the launch of the Margaritaville product line. The Margaritaville launch is expected to be the most impactful in company history, with shipments expected to begin in 2027 and impact growth starting in the second half of the current fiscal year. Guidance assumes that shipping backlogs caused by Q4 and early Q1 weather disruptions will be mostly recovered by the end of the first quarter. The company plans to initiate a $5 million share repurchase program in fiscal 2027, supported by a recalibrated dividend to balance capital returns with liquidity. Strategic focus will remain exclusively on 'better-to-best' home furnishings, with no further major divestitures or warehouse closures currently planned. Fiscal 2026 results included $15.6 million in non-cash intangible asset impairment charges, primarily related to the Sunset West division's goodwill. The company incurred $2 million in restructuring costs related to severance and warehouse consolidation as part of its completed cost-reduction program. Management is evaluating a 'material' potential recovery of previously paid duties following a U.S. Supreme Court ruling against certain import tariffs. Discontinued operations incurred a $19 million pretax loss, which included $3.9 million in restructuring costs, a $6.9 million loss from classificatio...

Hooker reported a profitable fiscal Q4 despite a roughly 21% decline in net sales, delivering continuing-operations operating income of $629,000 and net income of $874,000 (about $0.08 per diluted share). For fiscal 2026 the company posted an operating loss of $16.5 million and a consolidated net loss of $27 million (≈$2.54 per share), driven mainly by $15.6 million in non-cash impairment charges plus restructuring and a $19 million pre-tax loss in discontinued operations. Management completed brand sales, reduced fixed costs by about $26.3 million, combined upholstery operations into “Hooker Custom Upholstery,” authorized a buyback of up to 5 million shares and reset the annual dividend to $0.46, while ending the day before the call with over $12 million cash on hand, $0 drawn on the revolver, and a potential material tariff rebate under evaluation. Interested in Hooker Furnishings Corp.? Here are five stocks we like better. 2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding Hooker Furnishings (NASDAQ:HOFT) posted a profitable fiscal fourth quarter while reporting a full-year loss largely driven by non-cash impairment charges and restructuring activity, executives said on the company’s fiscal 2026 fourth quarter earnings call. Fiscal 2026 ended Feb. 1, 2026, with the fourth quarter beginning Nov. 3, 2025, according to Senior Vice President and Chief Financial Officer Earl Armstrong. The company also completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture case goods brands during the quarter, with those results reported as discontinued operations through the Dec. 12 closing date. → $39 Trillion Debt Signal: 3 TIPS ETFs to Hedge Persistent Inflation Hooker Furnishings Discount To Book, A Value Play? Armstrong said consolidated net sales from continuing operations were $66.7 million in the fourth quarter, down $17.2 million, or about 21%, from the prior-year period. He attributed the decline in part to the quarter being “one week shorter than the prior year period,” which reduced net sales by about $5.5 million based on average daily sales. He also cited softness in the company’s hospitality business “due to its project-based nature,” noting that several large prior-year projects did not recur. In addition, Armstrong said severe winter weather in January 2026 in “a significant part of the United States and i...

MARTINSVILLE, Va., April 16, 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 2026 fourth quarter and full-year ended February 1, 2026. The fiscal 2026 fourth quarter and full year comprised 13 weeks and 52 weeks, respectively, in contrast to 14 weeks and 53 weeks in the corresponding periods of the previous year. Key Results for the Fourth Quarter Fiscal 2026: Continuing operations returned to profitability with operating income of $0.6 million despite lower sales volume. Net sales of $67.0 million, down 20.5% year-over-year, primarily due to lower hospitality project shipments and a one-week shorter quarter. Hooker Branded delivered operating income, supported by margin improvement and disciplined cost control. Domestic Upholstery operating loss reduced by more than 50%, reflecting cost reduction initiatives and operational improvements. Completed divestiture of Pulaski Furniture and Samuel Lawrence Furniture, advancing portfolio simplification and strategic focus. Key Results for the Fiscal 2026 Full-Year: Net sales of $278.1 million, down 12.4% year-over-year, driven by lower hospitality sales and a shorter fiscal year. Gross margin increased 180 basis points and SG&A decreased by $11.9 million, reflecting structural cost improvements. Operating loss of $16.5 million, primarily due to $15.6 million in non-cash impairment charges. Hooker Branded returned to profitability, while Domestic Upholstery gross margin improved significantly. Divested Pulaski Furniture and Samuel Lawrence Furniture, simplifying the portfolio and exiting lower-margin businesses. Executive Commentary “We are encouraged to report net income of $536,000 for the quarter,” said Jeremy Hoff, Chief Executive Officer. “Fiscal 2026 was incredibly transformative as we successfully navigated significant, disruptive tariffs on our imports, opened a successful fulfillment warehouse in Asia and exited two unprofitable divisions, all while reducing fixed costs by about $26.3 million, or 25%, of which approximately $17.5 million in fixed cost savings is related to the continuing operations. At the same time, we delivered slight market share growth, with strength in key businesses offsetting isolated softness, and launched our Margaritaville line, which is d...

Hooker Furniture (HOFT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +60.00%. A quarter ago, it was expected that this home furnishings company would post a loss of $0.15 per share when it actually produced earnings of $0.39, delivering a surprise of +360%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $66.98 million for the quarter ended January 2026, missing the Zacks Consensus Estimate by 9.59%. This compares to year-ago revenues of $104.46 million. The company has not been able to beat consensus revenue estimates 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 26.2% since the beginning of the year versus the S&P 500's gain of 2.6%. 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...

Image source: The Motley Fool. Thursday, April 16, 2026 at 9 a.m. ET Chief Executive Officer — Jeremy Hoff Chief Financial Officer — Earl Armstrong Need a quote from a Motley Fool analyst? Email [email protected] Earl Armstrong: Thank you, and good morning, everyone. Welcome to our quarterly conference call to review financial results for the fiscal 2026 fourth quarter and full year. Our 2026 fiscal year began on 02/03/2025, and the fourth quarter began on 11/03/2025, both periods ending on 02/01/2026. Joining me today is Jeremy Hoff, our chief executive officer. We appreciate your participation today. During our call, we may make forward-looking statements which are subject to risks and uncertainties. A discussion of the factors that could cause our actual results to differ materially from our expectations is contained in our press release and SEC filing announcing our fiscal 2026 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. During the fourth quarter, we completed the previously announced sale of the Pulaski Furniture and Samuel Lawrence Furniture Casegoods brands, part of our former Home Meridian segment. Consolidated net sales from continuing operations were $67 million, a decrease of $17.2 million, or 21%, compared to the prior-year period. The decline was partially attributable to the current fourth quarter being one week shorter than the prior-year period, which reduced net sales by approximately $5.5 million based on average daily sales. The decrease also reflects lower sales in our Hospitality business due to its project-based nature, as several large projects shipped in the prior year did not recur in the current year. Additionally, we estimate severe winter weather experienced in January 2026 in a significant part of the United States and in most of our largest markets reduced net sales for the quarter by $3 million to $4 million. Despite lower net sales, we reported operating income of $629,000 for the quarter. This was driven by operating income of $1.2 million in Hooker Branded and $617,000 in All Other, partially offset by an operating loss of $1.2 million in Domestic Upholstery. Notably, despite one week less of sales and severe winter weather, Domestic Upholstery reduced its operating loss by mor...

This article first appeared on GuruFocus. Hooker Furnishings Corp (NASDAQ:HOFT) is set to release its Q4 2026 earnings on Apr 16, 2026. The consensus estimate for Q4 2026 revenue is $74.09 million, and the earnings are expected to come in at $0.07 per share. The full year 2026's revenue is expected to be $312.29 million and the earnings are expected to be $-2.53 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 5 Warning Sign with HOFT. Is HOFT fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Hooker Furnishings Corp (NASDAQ:HOFT) have declined from $314.41 million to $312.29 million for the full year 2026 and from $324.64 million to $320.05 million for 2027 over the past 90 days. Earnings estimates have declined from $-2.52 per share to $-2.53 per share for the full year 2026 and from $0.91 per share to $0.85 per share for 2027 over the past 90 days. In the previous quarter of October 31, 2025, Hooker Furnishings Corp's (NASDAQ:HOFT) actual revenue was $70.73 million, which missed analysts' revenue expectations of $85.50 million by -17.27%. Hooker Furnishings Corp's (NASDAQ:HOFT) actual earnings were $-1.99 per share, which missed analysts' earnings expectations of $-0.15 per share by -1272.41%. After releasing the results, Hooker Furnishings Corp (NASDAQ:HOFT) was down by -3.30% in one day. Based on the one-year price targets offered by 1 analyst, the average target price for Hooker Furnishings Corp (NASDAQ:HOFT) is $15.00 with a high estimate of $15.00 and a low estimate of $15.00. The average target implies an upside of 3.23% from the current price of $14.53. Based on GuruFocus estimates, the estimated GF Value for Hooker Furnishings Corp (NASDAQ:HOFT) in one year is $11.88, suggesting a downside of -18.24% from the current price of $14.53. Based on the consensus recommendation from 1 brokerage firm, Hooker Furnishings Corp's (NASDAQ:HOFT) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Hooker Furniture (HOFT) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended January 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This home furnishings company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +400%. Revenues are expected to be $74.09 million, down 29.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 500% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positi...