Latest news with #HOFT
Associated Press
a day ago
- Business
- Associated Press
Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q1 FY26
Dallas, Texas--(Newsfile Corp. - June 13, 2025) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of $85.3M, ($3.6)M, and ($0.29), respectively. This compares to our/consensus estimates of $92.6M/$88.9M, ($2.5)M/($2.5)M, and ($0.16)/($0.15). It is noted that revenues were slightly below consensus estimates and posted a 8.8% y/y decrease. The decrease was primarily attributed to the decreased volumes and impacts of tariffs on the HMI segment. Despite the macro headwinds, HOFT reported consolidated GPM of 22.3%, an increase of 173bps q/q. The macroeconomic and furniture retail environment remains challenging, with varying interest rates, maintained housing shortage, and elevated home prices contributing to a prolonged downturn. Despite this, the Company is focusing on controllable factors to position itself for future growth. As HOFT looks through the current market turbulence it has reached the goal of reducing fixed costs by 25%, or approximately $25.0M, with full realization expected by FY27. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies. Contacts: Stonegate Capital Partners (214) 987-4121 [email protected] Source: Stonegate, Inc. To view the source version of this press release, please visit
Yahoo
3 days ago
- Business
- Yahoo
Hooker Furniture: Fiscal Q1 Earnings Snapshot
MARTINSVILLE, Va. (AP) — MARTINSVILLE, Va. (AP) — Hooker Furniture Corp. (HOFT) on Thursday reported a loss of $3.1 million in its fiscal first quarter. The Martinsville, Virginia-based company said it had a loss of 29 cents per share. The home furnishings company posted revenue of $85.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on HOFT at
Yahoo
3 days ago
- Business
- Yahoo
Hooker Furniture: Fiscal Q1 Earnings Snapshot
MARTINSVILLE, Va. (AP) — MARTINSVILLE, Va. (AP) — Hooker Furniture Corp. (HOFT) on Thursday reported a loss of $3.1 million in its fiscal first quarter. The Martinsville, Virginia-based company said it had a loss of 29 cents per share. The home furnishings company posted revenue of $85.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on HOFT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-04-2025
- Business
- Associated Press
Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q4 FY25
Dallas, Texas--(Newsfile Corp. - April 21, 2025) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of $104.5M, ($2.7)M, and ($0.22), respectively. This compares to our/consensus estimates of $101.6M/$101.2M, $3.5M/$2.6M, and $0.21/$0.16. It is noted that revenues were slightly above consensus estimates and posted a 7.9% y/y gain. The gain was primarily attributed to the increased operating days in 4Q25 compared to 4Q24. Despite the macro headwinds, HOFT reported consolidated GPM of 23.3%, an increase of 30bps q/q. The macroeconomic and furniture retail environment remains challenging, with varying interest rates, maintained housing shortage, and elevated home prices contributing to a prolonged downturn. Despite this, the company is focusing on controllable factors to position itself for future growth. As HOFT looks through the current market turbulence it has reached the goal of reducing fixed costs by 10%, or approximately $10.0M. Additionally, the Company has targeted an additional $10.0M in cost savings through the Savannah warehouse exit and additional initiatives. Full realization of these savings are expected by FY27. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies. Contacts: Stonegate Capital Partners (214) 987-4121 [email protected] Source: Stonegate, Inc. To view the source version of this press release, please visit
