---
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"
generated_at: "2026-06-01T05:47:35.851497+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hooker Furnishings Q1 net loss $4.1M; sales down 23%; plans 10% fixed cost reduction

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-003320
- JSON: https://secwatch.observer/filing/0001171843-24-003320.json
- Plain text: https://secwatch.observer/filing/0001171843-24-003320.txt

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