earnings
confidence high
sentiment negative
materiality 0.75
Hooker Furnishings Q1 net loss $4.1M; sales down 23%; plans 10% fixed cost reduction
HOOKER FURNISHINGS Corp
2025-Q1 EPS reported
-$0.39
revenue$93,571,000
- Consolidated net sales $93.6M, down 23.2% YoY; operating loss $5.2M vs prior year operating income $2.0M.
- Net loss $4.1M ($0.39 per diluted share) vs net income $1.5M ($0.13) in prior year period.
- Company announces cost reduction plan targeting 10% fixed cost reduction, consolidating BOBO into Hooker Branded and reducing Georgia warehouse footprint.
- All three segments saw sales declines: Hooker Branded -18.6%, Home Meridian -37%, Domestic Upholstery -14.5%; Sunset West sales up 20%.
- Cash remains strong at $40.9M; inventory down $5.2M to $56.6M; consolidated backlog up 19% from fiscal year-end.