Hooker Furniture Corporation Aktie News

Enters Cooperation Agreement with GVIC Announces Retirement of Board Chair Chris Beeler at 2026 Annual Meeting Following 33 Years of Service to Hooker MARTINSVILLE, Va., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has entered into a cooperation agreement (the “Agreement”) ...

MARTINSVILLE, Va., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has completed the sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. for approximately $6.1 million, subject to certain final customary post-closing...

Hooker Furnishings Corporation's Q3 revenues still reflect industry weakness. Hospitality orders remain incredibly pressured. HOFT's aggressive cost savings have stabilized profitability. Despite a sharp sales decline, HOFT's underlying operating income even improved. The divestment of Pulaski and Samuel Lawrence Furniture removes underperforming brands, improving the profitability outlook.

Hooker Furnishings Corporation (HOFT) Q3 2026 Earnings Call Transcript

MARTINSVILLE, Va., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has entered into a definitive agreement to sell its Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. (“Magnussen”). Pursuant to the terms of the asset purchas...

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Hooker Furnishings reported a sharp sales decline in Q2 in a trend continuation. The furnishings industry as a whole has already started to see a cautious rebound, making HOFT's sales concerning. The Home Meridian segment's weakness seems likely to continue. Aggressive cost savings are currently only mostly mitigating HOFT's rapid earnings deterioration.

Hooker Furnishings remains a "sell" as financial results continue to deteriorate despite the stock trading at a discount to book value. HOFT's Q2 2026 revenue fell 13.7% year-over-year, with significant declines in the Home Meridian segment and worsening profitability metrics across the board. Management is pursuing aggressive cost-cutting and restructuring initiatives, targeting $25 million in...