Hooker Furnishings Q1 net sales down 17.3% to $121.8M; EPS $0.13 vs $0.26; additional $5M buyback authorized

HOOKER FURNISHINGS Corp

2025-Q1 EPS reported $0.13 revenue$121,815,000

Net sales $121.8M, down 17.3% YoY; net income $1.5M ($0.13 diluted EPS) vs $3.2M ($0.26).
HMI segment sales down 32.5%, operating loss of $2.1M, improved $1M YoY.
Domestic Upholstery sales down 14.8% (first decline in 10 quarters); operating income $1.3M.
Generated $22.4M operating cash; inventory reduced $23M; cash $31M at quarter-end.
Board approved additional $5M for share repurchases; $20M returned to shareholders over past year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOOKER FURNISHINGS Corp reported fiscal 2024 first quarter ended April 30, 2023 results: revenue $121.8 million, net income $1.5 million, EPS $0.13 per diluted share.

Period: fiscal 2024 first quarter ended April 30, 2023
Revenue: $121.8 million
Net income: $1.5 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

Consolidated net sales for the quarter were $121.8 million, a $25.5 million, or 17.3%, decrease compared to a year ago. An expected revenue reduction was driven by a 32.5% sales decrease in the Home Meridian (HMI) segment and, to a lesser extent, a 14.8% decrease in first quarter year-over-year Domestic Upholstery sales. Net sales in the Hooker Branded segment remained relatively unchanged. Consolidated net income was $1.5 million, or $0.13 per diluted share for the quarter, compared to $3.2 million, or $0.26 per diluted share, in the prior year period.

View on SEC.gov

Browse all earnings releases →

HOOKER FURNISHINGS Corp filing history →

Source: SEC EDGAR

accession 0001171843-23-003826

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.