Hooker Furnishings Q2 net sales fall 36% to $97.8M; net income drops to $0.07 EPS

HOOKER FURNISHINGS Corp

2024-Q2 EPS reported $0.20 revenue$219,621,000

Net sales $97.8M, down 36% YoY; net income $785k ($0.07 diluted) vs $5.5M ($0.46) prior year.
Operating income $1.3M (1.3% of sales) vs $7.3M (4.8%) a year ago.
Generated $51M cash from operations; cash $50M at quarter end; inventory down $70M vs prior year.
Acquired BOBO Intriguing Objects (lighting, décor, accents) to broaden product diversity.
Board declared $0.22/share quarterly dividend payable Sept 29, record Sept 18.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOOKER FURNISHINGS Corp reported fiscal 2024 second quarter results: revenue $97.8 million, net income $785,000, EPS $0.07 per diluted share.

Period: fiscal 2024 second quarter
Revenue: $97.8 million
Net income: $785,000
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

Consolidated net sales for the fiscal 2024 second quarter were $97.8 million

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Source: SEC EDGAR

accession 0001171843-23-005629

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