{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-003320","form_type":"8-K","ticker":"HOFT","cik":"0001077688","company_name":"HOOKER FURNISHINGS Corp","filed_at":"2024-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.195329+00:00","generated_at":"2026-06-01T05:47:35.851497+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hooker Furnishings Q1 net loss $4.1M; sales down 23%; plans 10% fixed cost reduction","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-003320","json":"https://secwatch.observer/filing/0001171843-24-003320.json","markdown":"https://secwatch.observer/filing/0001171843-24-003320.md","text":"https://secwatch.observer/filing/0001171843-24-003320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1077688/000117184324003320/0001171843-24-003320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1077688/000117184324003320/f8k_060624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:47:35.851497+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}