---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003826"
form_type: "8-K"
ticker: "HOFT"
cik: "0001077688"
company_name: "HOOKER FURNISHINGS Corp"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T04:41:51.931914+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-003826
- form_type: 8-K
- ticker: HOFT
- cik: 0001077688
- company_name: HOOKER FURNISHINGS Corp
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077688/000117184323003826/0001171843-23-003826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077688/000117184323003826/f8k_060723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003826
- JSON: https://secwatch.observer/filing/0001171843-23-003826.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003826.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077688/000117184323003826/0001171843-23-003826-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.