Hooker Furnishings reports FY2024 net income $9.9M vs prior year loss; sales down 25.7%

HOOKER FURNISHINGS Corp

FY2024 net income $9.9M ($0.91 diluted EPS) vs net loss $4.3M ($0.37 loss) prior year; operating income $12.4M vs loss $6M.
Q4 net income $593k ($0.06 EPS) vs loss $17.9M ($1.60 loss) prior year; operating income $340k vs loss $23.7M.
Sales fell 25.7% to $433.2M; cash rose $24.2M to $43.2M; inventory cut $34.9M (36%).
HMI segment operating loss improved $31.7M to $5.5M loss; Hooker Branded $16.8M operating income.
Caroline Hipple joined as Chief Creative Officer from Norwalk Furniture to lead brand repositioning.

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 fourth quarter ended January 28, 2024 results: net income $593,000, EPS $0.06 per diluted share.

Period: fourth quarter ended January 28, 2024
Net income: $593,000
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

The Company recorded operating income of $340,000 and net income of $593,000 or $0.06 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOOKER FURNISHINGS Corp reported fiscal year ended January 28, 2024 results: net income $9.9 million, EPS $0.91 per diluted share.

Period: fiscal year ended January 28, 2024
Net income: $9.9 million
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

the Company reported operating income of $12.4 million and net income of $9.9 million, or $0.91 per diluted share for the fiscal year.

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Source: SEC EDGAR

accession 0001171843-24-001954

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